Economists have traditionally identified four factors of production viz. Land, labour, capital and organisation. The role of labour as a factor of production is increasingly becoming vital in the modern society. Human beings are the ones who accumulate capital, exploit natural resources, build social, political and economic organisations and carry forward national development. Thus, labour contributes most to the wealth and health of a company. The term Employee Relations refers to the relationship between labour and management of an organisation that grow out of employment. Both parties need to work on a spirit of cooperation, adjustment and accommodation.
经济学家传统确定生产即四因素。土地，劳动力，资本和组织。劳动力作为一种生产要素日益在现代社会中越来越重要的作用。人类是那些积累资金，开发自然资源，建立社会，政治和经济组织和弘扬民族的发展。因此，劳动是一个公司的财富与健康。“员工关系是指一个组织生长出来的就业和管理之间的关系。双方需要合作精神，调适。
