What is Industrial Relations ?
‘Industrial Relations’ is a complex study of the relations between the employees, employers, trade unions, the statutory authorities, etc. It is also referred to as ‘employment relations’ in some contexts.
It examines the various kinds of amicable and non-amicable relationships existing between the various employees and their employers as well as the relationships between the labour unions and the employees. Based on these relationships, it will be easy to understand the job marketplace and make it better for all parties involved.
Industrial relations was conceptualized in the 1800s during the industrial revolution and it led to the creation of the free labour markets and large scale factories and huge corporations which we are able to view today.
