DOMINANT ASPECTS OF INDUSTRIAL RELATIONS - Industrial Relations Management

Discuss Various Aspects of Industrial Relations

There are two important aspects of the industrial relations scene in a modern industrial society:

  1. Cooperation
  2. conflict.

Cooperation:

Modern industrial production is based upon cooperation between labour and capital. Here labour stands for the workers who man the factories, mines and other industrial establishment or services. Capital stands for the owners of business enterprises who supply the capital and own the final product. The cooperation between the two is one of the basic requirements for the smooth functioning of modern industries and the growth of industrialization.

Conflict:

The second aspect of the system of industrial relations obtaining today is the existence of conflict, conflict, like cooperation is inherent in the industrial relations set up of today. The prevailing industrial unrest, the frequency of work –stoppages resulting either from strikes or lock-outs, and the slowing down of production, are the occasional expressional of the ever present and latent conflict between workers and the management.

Contemporary trends in industrial relations Percentage distribution of the causes of industrial dispute resulting in work-stoppages

Effect-on-society-as-a-whole

Effect on society as a whole

Effect on society as a whole


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