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Friday, 17 January 2014

Definition of Industrial Relation Full book

1.    What is Industry?
Industry is a basic category of business activity. The term industry is sometimes used to describe a very precise business activity or a more generic business activity. If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived.
According to Bangladesh Labor Law-2006,’’Industry means any business, trade, service, employment or occupation .In a broader sense, industry is characterized by the existence of the following:
a.      Employer and employee
b.      Works on the basis of wages
c.       Products or services to be produced
d.      Buying and selling of labor power
e.      Creation of utility.


2.    What is Industrial work?
      Industrial work refers to those activities in which land, labor, and capital are used to produce goods or services that are able to create utility to customers. In Industrial work, workers sell their labor power which the employers buy against wages. So any work which is related to produce goods or service is included within industrial work. Thus manufacturing, farming, teaching, banking all are industrial work.






3.    Definition of Industrial Relations
There is a correlation among parties related to industries. Industrial progress is impossible without cooperation of labors and harmonious relationship. Industrial Relation deals with individual relation and joint consultation between employers and employees.

The term industrial relation consists of two words-‘Industry’ and ‘Relation’. Industry means a group of firms producing same and substitute products. On the other hand Relation means the relationship among workers, management and government.
As a whole industrial relation refers to the relationship between labor and management that grow out of employment.

Views of Specialists:
             Professor Dunlop Says,'' Industrial Relation defined as the complex interrelations among workers, managers and government.''
               Bishwonath Bosh Says, ''Industrial Relation is an art, the art of living together.''
               VB Shingh Says, ''Industrial Relations is a set of functional interdependence including historical, economical and legal variables.''

At the end we can conclude that industrial relation includes:
                 1. Relation between management and workers.
                 2. Relation between employers and trade unions.
                 3. Relation among state, government and union
                 4. Coordination among parties to achieve desired goals.
                 5. Harmonious adjustment among departments, parties and their interests.

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