What is the various different relation in industry?
Answers
Industrial relation is defined as relation of Individual or group of employee and employer for engaging themselves in a way to maximize the productive activities. The term ‘Industrial Relations’ comprises of two terms: ‘Industry’ and ‘Relations’. “Industry” refers to “any productive activity in which an individual (or a group of individuals) is (are) engaged”. By “relations” we mean “the relationships that exist within the industry between the employer and his workmen.” The term industrial relations explains the relationship between employees and management which stems directly or indirectly from union-employer relationship. Need of Industrial Relation has arisen to defend the interest of workers for adjusting the reasonable salary or wages. It also helps the workers to seek perfect working condition for producing maximum output. Workers/employees are concerned with social security measures through this. Industrial Relations is also needed for achieving the democracy by allowing worker to take part in management, which helps to protect human rights of individual.Salaries in India are much more attractive in Indian subcontinent. As India is having flourishing economy, the job opportunities are emerging and there is huge scope of expansion. The salary pattern of India is also growing. Even, the seventh pay commission is also spreading the way to coming soon. The Salaries of private sector is also in the upswing mode with the increase of 11% annually. Although, Inflation is one of the major factor which nullify the increase in the salary. But still, the inflation is lower than the increase in the salary. So, this can be seen as increase in the salary.