Which body monitors the implementation of tripartism and formulates relevant policies?

The National Tripartite Industrial Peace Council plays a crucial role in monitoring the implementation of tripartism, which involves cooperation and collaboration among the government, employers, and workers. This council is tasked with ensuring that the interests of all three groups are represented and balanced in industrial relations.

In addition to monitoring tripartism, the council formulates policies relevant to maintaining industrial peace and harmonious labor relations. This includes mediating conflicts, providing a platform for discussions that lead to better labor practices, and developing initiatives that promote a cooperative labor environment. Through these activities, the National Tripartite Industrial Peace Council helps to establish a framework that benefits all parties involved in the workforce.

Other options, while related to labor and employment, do not have the same focused mandate regarding tripartism. For example, the Labor Relations Council primarily handles disputes between labor and management rather than policy formulation and tripartite monitoring. The Workforce Development Board is focused on workforce training and development, and the Employment Standards Office is more concerned with enforcing labor laws and standards rather than overseeing tripartite relationships. Hence, the National Tripartite Industrial Peace Council is the appropriate body for this responsibility.