UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

• Cordial and peaceful industrial relations between the employees and the employer
are highly essential for increasing productivity and the economic growth of the
country. Through good industrial relations only, the enterprise can move towards
the welfare of the employees and the management of the concern.
• Industrial relationships is the compromise result of the attitudes and approaches of
the employees towards each other with regard to the planning, supervision,
direction and co-ordination of the activities of an organization with a minimum of
human effort and friction, with a n animating spirit of cooperation and with proper
regard for the genuine well-being of all members of the organization.
• The term Industrial relations has been looked upon and worded differently by
different pioneers of the field.
However, with the industrial developments after World War II, the term industrial
relations has been widened in its meaning and now it implies –employers- employees –
unions and government relationship in industry.
OBJECTIVES
The objectives of industrial relations are:
• To safeguard the interests of the labour and the management by preventing one of
the players from getting a strong hold over the other;
• To develop and secure mutual understanding and good relationship among all the
players in the industrial set-up.
• To maintain industrial peace and harmony by preventing industrial conflicts
• To improve the standard of living of the average worker by providing basic and
standard amenities.
• To increase productivity by minimizing industrial conflicts and maintaining
harmonious industrial relations.
• To ensure discipline in the organization and in the industry.
• To provide a basic framework for the management and the employee to resolve
their differences.
• To improve the bargaining capacity of the workers through trade unions.
IMPORTANCE
• IR is a key for increased productivity in industrial establishments