Labor and Industrial Relations (LIR) is a field that studies the relationship between employers, employees, and labor organizations. It examines how these relationships are managed, regulated, and how they impact the workplace and the broader economy.
Central to LIR are concepts such as:
Collective bargaining is a cornerstone of industrial relations. It involves negotiations between union representatives and management to determine wages, hours, benefits, and other terms of employment. Successful bargaining leads to contracts that define the rights and responsibilities of both parties.
LIR principles are applied in various settings, including:
A common misconception is that unions solely exist to create conflict. In reality, they often work collaboratively with management to improve productivity and working conditions. Challenges include adapting to globalized economies and changing workforce demographics.
The primary goal is to foster harmonious and productive relationships between employers and employees.
Labor laws establish minimum wage, working hours, safety standards, and the right to organize.
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