Labor Relations Theory

Labor Relations Theory examines the relationship between employers, employees, and their representatives, often focusing on how these groups interact to negotiate wages, working conditions, and other employment terms. It explores systems such as collective bargaining, labor unions, and management strategies to maintain harmony, resolve conflicts, and improve productivity. The theory aims to balance the power dynamics between workers and management, ensuring fair treatment while supporting organizational goals. Essentially, it provides a framework for understanding how workplaces can operate effectively through coordinated negotiations and mutual respect.