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Industrial Relations is a very broad term and it is not only confined to Union Management. The definition of IR in simpler terms is "Relation between employer and employees, Relation between employees and employees, Relation between employer and employer" is called as Industrial Relations. Although its has very broad meaning but we can define IR in a very simpler form.
IR comprises with 2 words i.e. INDUSTRIAL + RELATIONS. Industrial means related to industries & relations means relations among all the parties of the business & that too for the sake of running the business of an organization.
Industrial relation can be good or bad in the organization. If it is good, business can be flourished more; if it is bad, it can create bad working atmosphere in the organization which affect the business badly. Regards Prof Tandon |