Industrial Relations and Social Partnership in Wage Regulation in Ukrainian Industries

This article explores the assessment of the rate of development of social partnership in the regulation of wages in Ukraine, as well as its relationship with the material well-being of employees. The rates of development of the social partnership in the regulation of wages in seven industries were assessed. The evaluation results showed that none of the studied industries was in the clusters with high and above-average social partnership development rates. The analysis showed a high positive correlation between the social partnership 's development rate and the material well-being of employees. Each of the studied industries has inherent best practices for developing remuneration policies based on social partnership. Policymakers and social parties should examine and disseminate best practices in developing remuneration policies. It becomes a crucial practice for strengthening trust in the institution of social partnership and the ability of parties to create the conditions for de cent work.