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major aspects of labor relations
safety
compensation
respected human rights
that achieves basic LR goals
designing safe and sound work environment
helping employees to educate themselves and one another
implementing flexible working time and schedules
Fair treatment of individual employee
Fair pay/compensations regarding the job or performance
avoiding discrimination against gender, age, ethnic group/religion, etc.
as some strategies may come at higher cost for smaller entities
annual revenue
stock price
market share
Thus, it requires greater focus on managing/caring for people much better.
changes in management
changes in law, legislation, political reforms
changes in market, new products, new competitors
changes in production volume
changes in environment, climate, and so on.
changes in operation
increased level of job satisfaction of employees
increased level of productivity and effectiveness
growth in market share, stock price, and overall performance