Parties involved in IR system

Question

Write down the major different parties involved in IR system?

Answer 1

The major parties involved in the IR system are:

i) Employers – They are the ones who acquire the rights to appoint the employees and eliminate them. They also acquire the rights to reposition, merge or close the business. They can adopt for technological alters as and when they see it in the attention of business.

ii) Employees – They are really the ones who maintain the business moving. They acquire the rights to voice their feelings and opinions while striving for betterment. They generally form the unions to discuss with the employers.

iii) Government – Government is the one who affects the IR system with regulations, rules, laws, agreements, awards of court etc. They as well consist of third parties and labor and tribunal courts to run the IR system.