Labor Policy

Labor Policy refers to the set of laws, regulations, and practices that govern the relationship between employers, employees, and labor organizations in the workplace. It encompasses a wide range of issues, including workers’ rights, wages, benefits, working conditions, and the overall framework for labor relations. Labor policy aims to ensure fair treatment of workers, enhance job security, promote productive working environments, and balance the interests of businesses and employees. It often involves government intervention to establish minimum standards and protect against exploitation, as well as mechanisms for collective bargaining and dispute resolution. Effective labor policy is crucial for economic stability, social equity, and the protection of fundamental labor rights.