If we have a fleeting glance at the developments of HR/IR scenario,initially it started with slave and master, then to a serf and master and with The recognition of Human factor It became Employer-Employee Relationship.With the passing of time Human element has gained more and more importance and Human Resource is considered the most valuable resource in any organization.The HR functions comprise from recruitment to retirement, or selection to separation This stretch encompasses various jobs like recruitment,induction, training &development, wage &salary administration,Time office management,performance appraisals,Awards & Rewards,Incentive schemes, disciplinary matters,Statutory compliance,Handling of grievances of employees,Handling of industrial disputes,strikes & lock-outs,dealing with collectives and collective bargaining liaison with statutory authorities,separation of employees,including conducting Exit interviews.The HR Dept is responsible for formation HR policies and Uniform Implementation of the same by coordinating with functional heads, These functions now are demarcated as HR &IR Functions .The functions such as Handling of Industrial disputes,Strikes &lockouts,Grievance handling, Time office Management,compliance of statutory provisions,liaison with statutory authorities are demarcated as IR functions and the rest as HR functions.