Any type of professional relations between the two parties of employees and employers are known as industrial relations.
Benefits of good labour relations
Enhancing the employee productivity of the institute
Due to lack of industrial disputes the affairs of the firm flow smoothly
Minimizing the wastage of resources
Decreasing the absenteeism of employees
Creating a motivated team of workers
Decreasing the labour turnover
Consequences of bad labour relations
Weakens the business process due to strikes, and labour crisis
Declining the employee productivity
Diminishing the morale of the employees
Wasting of resources
Dropping the efficiency and effectiveness of the entire firm
Industrial Disputes
Job-related disputes arisen between employers and employees are known as industrial disputes.
Trade Union
An organization voluntarily established by the employers or employees of a particular industrial field in order to gain and protect their professional rights is known as a trade union.
Aims of a Trade union
To gain a reasonable salary and a pleasant working environment
To get the working hours reduced
To get protection from job related accidents and health problems
To participate in management decisions made in the firm
To assure job security
To get education and training
To gain relief for sick, retired or employees on strike
