Industrial Relation
Industrial relations refer to the laws, conventions and institutions that help regulate workplaces. It is concerned with the system, rules, and procedures used by unions and employees to determine the reward for effort and other conditions of employment, safeguard the interests of the employees and their employer and regulate how employers treat their employees. Industrial relations are interactions and relationships within the industry, particularly between the employee and management, because of their combined attitudes and approaches towards managing the industry’s matters for the benefit of management and employees along with the industry and the economy as a whole.
Industrial relations are important for employee development because it provides them with the resources, they require to be successful in their positions. These resources might include training materials, administrative support or individual meetings. Offering employees the ability to continually develop within your company might also help increase productivity levels because they can seek ways to develop skills or volunteer for new responsibilities.
Scholars of industrial relations attempt to explain variations in the conditions of work, the degree and nature of worker participation in decision making, the role of labour unions and other forms of worker representation, and the patterns of cooperation and conflict resolution that occur among workers and employers.
These patterns of interaction are then related to the outputs of organizations. These outputs span the interests and goals of the parties to the employment relationship, ranging from employee job satisfaction and economic security to the efficiency of the organization and its impact on the community and society.