Features of Industrial Relations:
Industrial relations are outcomes of employment relationships in an industrial enterprise. Theserelations cannot exist without the two parties namely employers and employees.2.
Industrial relations system creates rules and regulations to maintain harmonious relations.3.
The government intervenes to shape the industrial relations through laws, rules, agreements,terms, charters etc.4.
Several parties are involved in the Industrial relations system. The main parties are employersand their associations, employees and their unions and the government. These three partiesinteract within economic and social environment to shape the Industrial relations structure.5.
Industrial relations are a dynamic and developing concept, not a static one. They undergochanges with changing structure and scenario of the industry as and when change occurs.6.
Industrial relations include both individual relations and collective relationships.
Objectives of Industrial Relations:
To maintain industrial democracy based on participation of labour in the management andgains of industry.2.
To raise productivity by reducing tendency of high labour turnover and absenteeism.3.
To ensure workers’ participation in management of the company by giving them a fair say indecision-making and framing policies.4.
To establish a proper channel of communication.5.
To increase the morale and discipline of the employees.6.
To safeguard the interests of the labour as well as management by securing the highest level ofmutual understanding and goodwill between all sections in an industry.7.
To avoid all forms of industrial conflicts so as to ensure industrial peace by providing better living and working standards for the workers.8.
To bring about government control over such industrial units which are running at a loss for protecting the livelihood of the employees.
To safeguard the interest of labor and management by securing the highest level of mutualunderstanding and good-will among all those sections in the industry which participate in theprocess of production. To avoid industrial conflict or strife and develop harmonious relations, which are an essentialfactor 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 tohigh turnover and frequency absenteeism.
To establish and promote the growth of an industrial democracy based on labor partnership in the sharing of profits and of managerial decisions, so that ban individualspersonality may grow its full stature for the benefit of the industry and of the country aswell.
To eliminate or minimize the number of strikes, lockouts and gheraos
by providing reasonable wages, improved living and working conditions, said fringe benefits.
To improve the economic conditions of workers in the existing state of industrialmanagements and political government.
Socialization of industries by making the state itself a major employer