Industrial Relations in the Australian Economy

This assignment delves into the crucial role of industrial relations in shaping the Australian economy. It examines the relationship between effective industrial relations practices, increased productivity, and overall economic growth. The analysis includes a discussion of relevant legislation, historical context, and contemporary challenges faced by businesses and unions in fostering positive industrial relations.

INDUSTRIAL RELATIONS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Critically evaluating the perspective of business, trade union and state that contribute to
reform industrial relation policy in the past decades..............................................................1
Gap between evidence and success or failure of parties to meet goals..................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Industrial relations includes interaction of employees, employer and government for
undertake activities that promotes for achieve goals and objectives. With different characteristics
of employees, organisation can committing which assist to make effective results (Greenfield
and Williams, 2014). In this context, present report is based on Australian economy which
involves perspectives of business, trade union and state that contribute to the reform in industrial
relation policy. Furthermore, gap is also identified in previous essay and failure or success of
parties in current study to meet the goals.
MAIN BODY
Critically evaluating the perspective of business, trade union and state that contributed to reform
of industrial relation policy in past decades
As per the views of Thoms and Holden (2016), industrial relation system of Australia is
unique in the world. Trade union of Australian market is continue growing from historical
context. This framework is working from 1904 which involves federal based system of
conciliation and arbitration. It is incorporated with minimum rates of part in different
occupations which has been coupled on equivalent. This system is frames to solve issues in
industrial relations (Thoms and Holden, 2016). The Australian Industrial Relation Commission
(AIRC) set appropriate state counterparts. However, Godard (2014) stated that conciliation and
arbitration by tribunals determine minimum rates of pay and working conditions of employees
that need to be determines at workplace. This award is provided for the safety of workers that are
unable to engage and acquire effective bargaining power due to economic status. In this aspect,
new legislation enacted that clarifies role of system that assists to promote high bargaining and
system of enforcement (Godard, 2014).
According to Gough (2014), it is essential to follows legislation which intended from
external stakeholders party. It ensures that Australia can easily meet with their international
obligations in ILO conventions. Legislation also provides minimum entitlement to all employees.
In this aspect, equal payment, work of group and rights are also provided to female and male
workers that contribute participation in industrial relation policy (Gough, 2014). On the other
hand, Chakraborty and Green (2014) argued that trade union came in Australia in the mid of 19th
century. In this aspect, changes are demonstrated in composition of immigration of the working
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family. In this market, there are various unions working for different businesses such as nurses,
carpenter, textiles and construction workers, etc. There are certain relation acts and policies
framed that assist to solve industrial issues (Chakraborty and Green, 2014). They are as follows: National workplace relations system: This is established through fair work Act 2009 and
many other laws. Paid Parental leave: In this aspect, organisations need to provide minimum 18 weeks
leaves at minimum wage rate. Fair Entitlement Guarantee: This provides financial assistance that covers unpaid
employment entitlement. This act is framed for eligible employees who lost their jobs due
to liquidation and bankruptcy (Neale and Vincent, 2016).
 Building code 2013: This frame outlines requirements for entities who are working fir
building works. It is also supports to frame guidelines that is related to each work of
obligation under this act.
In Australia, industrial relation system is holding to impose barriers in terms of
productivity improvement, attainment of competitiveness, employment growth and investment.
In this aspect, building and construction industry is the best example of industrial relations with
implementation of law. From the help of previous essay, it has been analysis that productivity
has been enhances that is crucial aspect for economic in the future. In order to get more
profitability in country resources, industrial relations need to be maintains due to progress
economic outcomes. However, there are no relations framework is working in systemic function.
In the previous report there are many features address which works very well enough. Economic
and industrial performance of building sector improves significantly (Richardson, 2013). Hence,
data shows labour productivity in the construction enhancement around 20%. With the help of
implementation of enhancement in labour productivity, Australia market is able to develop their
profits and revenue which make effective industrial relations.
. Due to high debt in Australia's. organisation face many issues in current market. In this aspect,
industrial relations assist to promote productivity, competitiveness, employment growth and
investment, etc. Advance innovation also make position to findings international concern. In
addition to this, productivity is commissioned through coalition. In this aspect, the business can
achieve their aim and objectives through improving competitiveness (Allan, 2016). There are
certain issues being faced with respect to increase the productivity in economy of Australia. .
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From the previous essay analysis, it has been shown that in Australia major stakeholders such as
employee, trade union and government assist to enhance productivity of company. They are
promotes to businesses for enhance high productivity that could be maintains through
participation of stakeholders. Main aim of Australia country is to accomplish effective relations
so that they can also enhance their operations in new areas. In this way, government determines
their role to frame rules and regulations in industrial relation context. Trade union take part in
maintains organisation performances through accomplishment of positive results. Employers are
committing with certain goals and objectives within the business unit.
Gap between evidence and success or failure of parties to meet goals
There is a wide gap between success and goals of the parties. In this way, Australia's
building construction company (ABCC) government authority regulation needs to represent
effective element to reduce union support base (Trade Unions & Industrial Relations In
Australia For The Asian Pacific Observer, 1994). This authority frames rules and regulations for
accomplish positive results within Australian politics. However, there is weak position of
Australia economy to considers effective results that delivers successful operations.. Hence,
policies aimed to give more effective results for improving current performances. Less
productivity of the company has demonstrates worker ineffective conditions. Hence, they are
unable to improves productivity in Australia market (Greenfield and Williams, 2014).
In order to meet the goals, union needs to categorize favourable environment that assists
to make future election success. Further, it is important to cooperate and get engaged in decision-
making with management to collaborate productivity. In this aspect, greater opportunity can be
promoted in Australian economy that helps to gain advantages. Both parties; workers and trade
union of enterprises are playing an important role in the success of economy. With the help of
enhanced productivity, economy can take place for establish results (Thoms and Holden, 2016).
CONCLUSION
From the present report, it has been concluded that industrial relations assist in promoting
effective results in Australian economy. In this way, different businesses need to signify their
activities which help in managing performance and results through caring their employees.
Furthermore, it also summarized about productivity and implementation through ABCC
authority from previous essay. This element shows effective outcomes of stakeholders of
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Australia market that improves competitiveness. Finally, it has been assessed that due to less
productivity and efficiency, industrial relations are not easily promoted.
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REFERENCES
Books and Journals
Allan, J., 2016. Only in Australia: The History, Politics and Economics of Australian
Exceptionalism.
Chakraborty, J. and Green, D., 2014. The relationship between industrial air pollution and social
disadvantage in Australia: national and regional inequities. Air Quality and Climate
Change. 48(4). p.35.
Godard, J., 2014. The psychologisation of employment relations?. Human Resource
Management Journal. 24(1). pp.1-18.
Gough, I., 2014. Case Management as a Key Response to Homelessness in Australia. Parity.
27(3). p.9.
Greenfield, C. and Williams, P., 2014. From shadowy zone to daily routine: Finance culture in
Australia. TOPIA: Canadian Journal of Cultural Studies. pp. 30–31.
Neale, T. and Vincent, E., 2016. Instabilities and inequalities: relations between Indigenous
people and environmentalism in Australia today. Unstable relations: environmentalism
and indigenous people in contemporary Australia. pp.1-24.
Richardson, J., 2013. An Introduction to the study of Industrial Relations (Vol. 5). Routledge.
Thoms, D. and Holden, L., 2016. The motor car and popular culture in the twentieth century.
Routledge.
Online
Trade Unions & Industrial Relations In Australia For The Asian Pacific Observer, 1994.
[Online] Available through: <https://www.actu.org.au/actu-media/archives/1994/trade-
unions-industrial-relations-in-australia-for-the-asian-pacific-observer>. [Accessed on 30th
May 2017].

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