Definitions [3]
Define industrial relations.
Industrial relations may be defined as relations between employers and employees that characterise and grow out of employment in industry.
Define arbitration.
Arbitration is a process in which a neutral third party listens to the disputing parties, gathers information and then takes a decision that is binding on both parties. In comparison with conciliation, which involves compromise, arbitration is a quasi-judicial process. The conciliator simply assists the parties to come to a settlement, whereas an arbitrator listens to both the parties and then gives his judgement.
Define a trade union.
According to Yoder, a trade union is "a continuing, long-term association of employees, formed and maintained for the specific purpose of advancing and protecting the interests of members in their working relationships."
Important Questions [4]
- What are Industrial Relations?
- State any three objectives of Industrial Relations.
- A social security scheme in which both employer and employee contribute 10% of the basic wages every month is ______.
- A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
Concepts [13]
- Meaning of Industrial Relations
- Objectives of Industrial Relations
- Causes of Poor Industrial Relations
- Methods to Improve Industrial Relations
- Meaning of Industrial Disputes
- Meaning of Trade Unions
- Objectives of Trade Unions
- Functions of Trade Unions
- Problems of Trade Unions in India
- Measures for Strengthening Trade Unions
- Concept of Social Security
- Scope of Social Security
- Social Security in India
