Explain the significance of various acts factory act ,esi act,workmen compensation act , industrial dispute act
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Industrial relations: It is an organized relationship between two parties i.e employer and employee governed by a system of rules and regulations and established procedures regarding matters of collective interest.
According to Industrial Dispute act, 1947, “Industrial relations are relations between employers and employees, employees and employees, and employees and trade union and the process by which people and their organisations interact at the place of work to establish the terms and conditions of employment.”
Nature of Industrial relations:
Complex Relationship: It is a complex relationship depending on the economic, historical, social, psychological, ethical, political, legal and other variables.
Multidimensional Relationship: It is multi dimensional since win-win situations are considered for the employees, employer and trade union who are the major players in managing a harmonious industrial relationship.
Mixture of Cooperation and conflict relationship: This is because both the group(employer and employee) develop different perceptions of their interest which at times leads to negative images about each other. There are no fixed mutually norms to prove which party is right or wrong. In the absence of such specified norms, both the groups claim their demands as rational.
Multi-prolonged relationship:Such relationship evolves from the inception of the organization till the closure of the business which is quite prolonged, sometimes in favour of employees or at times in favour of the employer.
Governed by Institutional Factors:These factors include the state policy, labour laws, voluntary demands, collective agreements, social institutions such as caste, community, system of beliefs, power status, nearness to the centers of power etc
According to Industrial Dispute act, 1947, “Industrial relations are relations between employers and employees, employees and employees, and employees and trade union and the process by which people and their organisations interact at the place of work to establish the terms and conditions of employment.”
Nature of Industrial relations:
Complex Relationship: It is a complex relationship depending on the economic, historical, social, psychological, ethical, political, legal and other variables.
Multidimensional Relationship: It is multi dimensional since win-win situations are considered for the employees, employer and trade union who are the major players in managing a harmonious industrial relationship.
Mixture of Cooperation and conflict relationship: This is because both the group(employer and employee) develop different perceptions of their interest which at times leads to negative images about each other. There are no fixed mutually norms to prove which party is right or wrong. In the absence of such specified norms, both the groups claim their demands as rational.
Multi-prolonged relationship:Such relationship evolves from the inception of the organization till the closure of the business which is quite prolonged, sometimes in favour of employees or at times in favour of the employer.
Governed by Institutional Factors:These factors include the state policy, labour laws, voluntary demands, collective agreements, social institutions such as caste, community, system of beliefs, power status, nearness to the centers of power etc
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