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importance of industrial relations

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Industrial relations is the relation between manage­ment and employees. Peace in industry is a powerful factor for good international relations.

IR can now safely be defined as a coin having two faces- cooperation and conflict.

Unions divert their activities from fighting and belligerence to increasing the size of the distribution-cake and to make their members more informed (Workers’ education) on vital issues concerning them. The investment in and the scope of industries in India have been growing plan after plan. The essential aspect of industrial relations include the following:    To safeguard the interest of labour and management by securing the highest level of mutual understanding and good-will among all those sections in the industry which participate in the process of production.    To avoid industrial conflict or strife and develop harmonious relations, which are an essential factor in the productivity of workers and the industrial progress of a country.    To raise productivity to a higher level in an era of full employment by lessening the tendency to high turnover and frequency absenteeism.    To establish and promote the growth of an industrial democracy based on labour partnership in the sharing of profits and managerial decisions to ban individuals personality may grow its full stature for the benefit of the industry and of the country as well.    To eliminate or minimize the number of strikes and lockouts by providing reasonable wages, improved living and working conditions, said fringe benefits.    To improve the economic conditions of workers in the existing state of industrial management and political government.    Socialization of industries by making the state itself a major employer    Vesting of a proprietary interest of the workers in the industries in which they are employed.However, it is important to note that healthy Industrial Relations can only be fully achieved where the principles of labour Management Cooperation are meticulously adhered to.The significance of a healthy Industrial Relations may range from continuous production, reduction in industrial disputes, high morale, a mental revolution and reduced wastage of time and other resources.It is evident that good industrial relations in totality is the basis of higher production with minimum cost and higher profit, resulting in increased efficiency of workers. Importance of Industrial Relations – With the Need for Industrial PeaceThere has been a phenomenal growth in employment, wages, benefits, working conditions, status of the worker, educational facilities etc. Hence, one of the major objectives of industrial relations is to change the traditional and contradictory views of labour and management towards each other, so that they may develop mutual understanding and cooperation and both may work in the best interests of enterprise. 4. Uninterrupted production – The most important benefit of industrial relations is that this ensures continuity of production.

iii. The good IR help run an industry effectively and successfully, i.e., the desideratum of the day.
Healthy industrial relation is key to progress and success. They affect production and national income in an adverse manner. This benefits the both. Industrial relations are the relationships between employees and employers within organizational settings. Disputes are reflections of the failure of basic human urges or motivations to secure adequate satisfaction or expression which are fully cured by good industrial relations. Good industrial relation helps in reducing the industrial disputes. Good industrial relations are maintained on the basis of cooperation and recognition of each other.
It is mainly the joint consultations, that pave the way for industrial democracy and cement relationship between workers and management. Healthy cordial relationship between the work force and the employer and management and... 2. Where a worker’s behavior deviates from expected lines, it is the management’s prerogative to take action. Company did not lose even a single day due to strike. Complete harmony between labour and capital may be a dream but quite a considerable amount of unrest and discontent among workers can be removed through efficient handling of industrial relations. Since it is a relationship, both the national labour laws and internal organisational policies are tailored in such a manner to provide safeguards and fair operational rules for all the parties involved.The level of engagements between Labour and Management has a spillover effect on not only an individual organisation but society as a whole. Importance of industrial relations • Thus, it is evident that good industrial relations is the basis of higher production with minimum cost and higher profits. In narrow sense, the term ‘industrial relations’ means relations between parties in industrial establishments. To boost the discipline and morale of workers. Dale Yoder views industrial relations, ‘as a whole field of relationship that exists because of the necessary collaboration of men and women in the employment process of an industry’. The relationship may be positive, negative or mixed. ADR Daily is a one stop news portal with a focus on providing world-class Appropriate Dispute Resolution, Human Resource Management and Labour Relations news, and also a resource base for all ADR, Human Resource and Labour Relations (Industrial Relations) issues. New and new projects may be introduced for the welfare of the workers and to promote the morale of the people at work. On the other hand, workers must recognise employer’s authority. They also clog the progress the nation.

Increased Production: . In this plant, productivity went up from 32 per cent to 38 per cent between 1994 and 1997. Thus good industrial relation plays a vital role in establishing industrial peace, industrial discipline and industrial democracy. .Industry refers to “any productive activity in which an individual (or a group of individuals) is (are) engaged”. It results in industrial peace which is essential for the countries, particularly for India, where the economy is being geared in a planned way to ameliorate the lot of the masses. This increase attribute to the peaceful IR in the plant.Similar other success stories abound in the country.

Under the mechanism of IR, both employees and managers discuss the …
importance of industrial relations 2020