Industrial Relations: 

Industrial relations usually involve and consider employees as a group and employers as a group. The decisions taken by employers and managers are affecting on industrial relations; e.g.: Opening or closing down of a workplace, introducing new technology or work organization, allocating a specific distribution of profits are some of them. Decisions taken by employees are also affecting the industrial relations such as strikes, immediate leave without following proper way, and not doing the job in working time.

Strike:

Strike is an action by workers in which they cease to perform work duties and do not report to work.

Union:

A union is simply a group of workers acting together to influence their working conditions. So as just one example, it’s illegal to prohibit workers from discussing their wages and benefits with other employers, because this is a basic form of worker self-protection.

Collective Agreement: 

A writen document outlining the terms and condions of employment in a unionized workplace.

Collective Bargaining:

Collective bargaining is a process of joint decision making in work places. It is the process of negotiation between ‘firms’ and workers’ representatives for the purpose of establishing mutually agreeable conditions of employment to enhance the harmonies working status at the work places.

Labour Relations:

Labour Relations refers to the relations between employers and employees. They are affected by a number of factors, including labour organizations, COLLECTIVE BARGAINING, LABOUR MARKET, government policy, the structure of the economy, LABOUR LAW and technological change.