What is the key underlying rationale of the 'employment relations' approach to understanding the employment relationship?

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The Answer is Employment relations, the fourth approach, adopts a different set of analytical tools that flow from an 'institutionalist' theoretical tradition (for more detail, see Chapter 2). This assumes that the attitudes and behaviours of employees and employers can best be understood by focusing on the 'rules' that regulate the employment relationship. In other words, rather than assuming that individual employees and employers are driven by rational economic decisions based on market forces (neo-classical economics) or by organisational policies that align the psychological motivations with organisational goals (HRM), employment relations assumes that the attitudes and behaviours of both parties are heavily influenced by social norms and expectations, especially those within the workplace.

What Is the Key Underlying Rationale of the 'Employment Relations