Changing role of state in industrial relations and social protection is designed to reduce industrial conflict, enhance the workforce well-being and improve organizational productivity. This study is descriptive and relied on a sample size of 350 drawn from a population of 1050 employees of PZ Industries, Agbara Lagos State, Nigeria. The study specifics consist of questionnaires designed and structured, both openended and close-ended, to elicit data. Questions centered on the changing role of state in industrial relations and social protection, interpersonal relationship between industrial relations and social protection and effect of inter- temporal relationship between industrial relations and social protection on organizational wage budgets. The study found that significant relationship exists between industrial relations and social protection.