Industrial relations refers to the relationships between management and labor in an industry. It involves four key stakeholders: employees, employers, trade unions, and the government. Human resource management focuses on utilizing employees' skills and knowledge to achieve organizational goals through objectives, policies, and programs related to recruitment, training, compensation, and performance evaluation. Both industrial relations and human resource management are influenced by factors such as economic conditions, technology, laws and regulations, and organizational culture. Their objectives overlap in promoting harmonious employee and labor relations, avoiding conflicts, and helping the organization and employees meet their respective goals.