Social Partnership in the System of Regulation of Labor Relations

The article reveals the specifics of social partnership and its place in the modern legal regulation system of workers' labor in the Russian Federation. Social partnership is a set of ways in which employees and their representatives, employers and their representatives, state authorities, and local self-government bodies coordinate employees and employers' interests in regulating labor and directly associated relations. The specifics of the formation of social partnership relations at the present stage is their formation in the conditions of refusal from the centralisation of labor relations regulation. In market conditions, when state regulation of social and labor relations is minimised, it is only through a social partnership between the employer and the employee that it is possible to negotiate and achieve high economic results on mutually beneficial terms. The system of social and labor relations is vital for society, as it sets economic development direction.