Directorate of distance education master of business administration

Parties to Industrial Realtions
 
The major parties to IR are the employees, employee 
representatives, employers, associations of employers, government and 
courts and tribunals.
Employees
 
The employees are the pillars on which the organization is built. 
They are the chief contributors to the organizational objectives, and 
are the organization’s most valuable resource. To maintain harmonious 
industrial relations, employees have to be satisfied with the organization, 
its policies and procedures and their jobs.

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Trade Unions
 
Trade unions constitute the employee representative bodies 
in an organization. Trade unions enjoy power and status based on the 
support of the employees. Their power is used as a weapon in regarding 
the organization’s industrial environment and having their demands 
accepted by the management. These demands usually relate to increase 
in wages, improvement in working conditions, and additional benefits 
and welfare measures. In some cases, trade unions also have a political 
affiliation, which adds to their power.
The Management
 
The management plays a critical role in the industrial relations 
of an organization. Management policies can help in maintaining high 
employee morale and in preventing industrial conflicts and disputes.
The Government
 
The government has a limited role to play in industrial relations. 
It provides a basic framework within which the management, the trade 
unions and the employees are expected to work for the common good of 
the organization. The government comes into the picture only when the 
three players fail to do this and is unable to sort out their differences. 
The government then intervenes as a mediator through the process of 
conciliation, arbitrator and adjudication.