What Is HR And IR?

What is the role of IR Manager?

Investor Relations (IR) refers to the responsibility of managing communication between a company’s corporate management and its investors.

An Investor Relations Manager helps support releasing information, handling inquiries and meetings, providing feedback to management, and crisis management..

What is an employee relations issue?

Disputes between employees or a direct disagreement between an employee and business owner are situations that can occur frequently. An effective way of managing conflict is vital to the continued health of your company. One of the biggest issues is how the two parties talk to each other, or whether they talk at all.

What is IR law?

enabling an independent statutory body (for example an “Industrial Relations Commission”) to prevent and settle industrial disputes as far as possible by promoting conciliation between parties, or by arbitration if this fails. …

What is er in human resources?

The role of employee relations (ER) manager is a tough one – full of challenges but also rewards.

How do you handle employee relations issues?

Here are some tips to help you tactfully turn conflict into consensus between feuding employees.Understand the nature of the conflict. … Encourage employees to work it out themselves. … Nip it in the bud quickly. … Listen to both sides. … Determine the real issue, together. … Consult your employee handbook. … Find a solution. … Write it up.More items…•

How do you handle problems at work?

Principles to Help:Pay attention to your emotions and how they influence you. … Consciously decide how to respond to a conflict situation. … Give yourself time to prepare. … Listen, Reflect, Inquire. … Use “I” messages to express your concerns in a non-confrontational way. … Frame the issue in terms of interests.More items…

What is difference between HR & IR?

In sum, HR management is the process of hiring, managing, and developing an organisation’s staff so that they bring full value to the organisation. IR management refers to the dynamic relationship between employers, employees, and the institutions through which these relationships are conducted.

What is IR in the workplace?

Introduction. Both industrial relations (IR) and human resources (HR) focus on conflict in the employment relationship. … By the same token, IR can learn much from HR about the management and resolution of employment relationship conflict.

What is the role of HR in employee relations?

When it comes to employee relations, an HR department has two primary functions. First, HR helps prevent and resolve problems or disputes between employees and management. Second, they assist in creating and enforcing policies that are fair and consistent for everyone in the workplace.

What is IR issue?

Any issues what arouse in our day to day activities i.e., Labour related, employee related, labour unions related, and in fulfilling the statutory obligations related which requires some decision to be made and unanimous concensus of the management is required to be obtained for clearing the problems are known as IR …

What’s the difference between employee relations and industrial relations?

Essentially, employee relations is a two person relationship between employee and employer. The focus is on how to effectively manage and strengthen this relationship. Industrial Relations on the other hand, is a three person relationship between the organisation, the union and the workforce that the union represents.

What is IR and ER in HR?

ER specialists are HR team members who put in place systems to prevent and resolve employee issues which arise out of work situations. Industrial Relations (IR) A field within HR that refers to the relationship between the employer and the employee and the organisations that provide support to both parties.

What is industrial relation in HR?

Industrial relations are the relationships between employees and employers within the organizational settings. … From this perspective, industrial relations covers all aspects of the employment relationship, including human resource management, employee relations, and union-management (or labor) relations.

What are examples of employee relations?

Let’s take a look at some of the employee relations efforts HR departments make to manage the employee-employer relationship….Here are 6 employee relations best practices.Honest communication. … Get your team behind the vision. … Trust your people. … Recognition & appreciation. … Invest in your people. … No favorites.

What is IR consultant?

In essence, IR consultancies are independent investor relations consulting firms hired by corporates to support them in developing and/or implementing (parts of) the companies’ IR programme.