What is the Meaning of: Industrial relations | Concept and Definition of: Industrial relations
Industrial relations are the link between the directors of a company and the workers. Often, the relationship starts between managers and the Union (in representation of workers).
This is all of the standards, procedures and guidelines developed with the aim of achieving efficiency performance and meet the objectives of the company.
Industrial relations as discipline arise due to the belief that the main competitive advantage of a company are people, that is, the people working there. That said, for the success of the company's business, it is essential that its directors and employees are working in harmony search of entrepreneurial objectives.
Human resources managers must select, supervise, and train workers in due form so that they can grow personally and professionally. Thus, the company ensures to have motivated workers that will stimulate their actions.
It is worth mentioning that the actors involved in industrial relations are the performers of the rules that govern their friendliness. It is an active process in which the rules are created or adapted existing ones depending on the context. In other words, industrial relations are designed to administer and interpret the production process during which the rules function as a guide.
Some rules are General (those which are fixed by the Government, for example those relating to the minimum wage), and others are specific (they depend on the level of institutionalization of the sector and the company).