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Department of Economics Business Studies and Commerce Year 11 Economics Assessment Point 2 Research Task Term 2 2007 Computer Number.........38942..................... Contents Introduction Key Characteristics Impact on the Economy Recent Changes Conclusion Bibliography Appendix A Newspaper article Appendix B Magazine/Journal Article Appendix C Australian Government Website Material Appendix D Non-government Website Material Appendix E Book Excerpt Introduction The issue of workplace relations plays an important part in Australia's Economy. They include the issues of employer-employee relations. Under the industrial relations system, laws, institutions and processes are established to manage workplace relations. They focus on determining the process of setting wage levels and resolving conflicts in the labour market. This report will show the key characteristics, impacts and recent changes of Workplace Relations. Key Characteristics Labour is one of the four factors of production. To achieve the most efficient level of production that is also internationally competitive, Australian needs a skilled labour force that is adaptable to change and redeployment across a range of jobs. The skills of a labour force depend on education and training. Redeployment depends not only...

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