Labor Relations: Definition, Importance & Examples
Labor relations refer to the interactions between employers and employees, often involving unions, collective bargaining, and dispute resolution.
Why are labor relations important?
Maintaining positive labor relations is crucial for fostering a productive work environment, minimizing conflicts, and ensuring fair treatment of employees.
An easy way to understand labor relations is:
Think of a company as a big family. Just like family members, employees and employers need to communicate, cooperate, and resolve conflicts to maintain a happy and productive household.