Understanding Industrial Relations
Briefly, industrial relations involve the maintenance of relationships between employers, employees, and the government, including inter and intra groups. The goal is to maximize production/productivity from the employer's perspective, ensure employee welfare and satisfaction, and administer a welfare state from the government's perspective. This may involve government intervention, with a focus on human resources. Through interactions and mutual trust between employers and employees, a harmonious industrial relations scenario can be created, leading to higher productivity, employee satisfaction, and an improved standard of living in society.
Promoting Better Industrial Relations
To promote a better industrial relations scenario, the government has enacted various legislations to regulate employers/entrepreneurs, ensure social welfare for employees, and promote societal welfare. It is essential to apply what has been studied in practice, considering the circumstances. With time, expertise can be gained through consultation, debate, and the application of different laws in various situations.
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