Industrial Relations: Core Concepts, Objectives, and Conflict Resolution
Classified in Philosophy and ethics
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Foundation and History of Industrial Relations
The history of Industrial Relations (IR) is rooted in key concepts derived from economics, sociology, law, and political science. Modern IR focuses on labor-management relations, unions, and collective bargaining. The four original IR solutions include:
- Professional labor management.
- Protective labor law (Social Insurance and Collective Bargaining).
- Macroeconomic stabilization (policy changes to reduce violence and encourage welfare and growth).
Objectives and the Balance of Interests
Effective IR relies on balancing three core objectives:
- Efficiency: Maximizing profit through limited resources while incorporating equity and voice.
- Equity: Implementing procedural justice to protect employee rights, acknowledging