Purpose: The paper attempts to develop a system of indices reflecting the quality of social and labor relations. They are considered to be indicators of economic growth and social effect balance in the operation of small and large economic systems. \r\nDesign/methodology/approach: \r\nThe research approach is built on the relevant domestic researches and on the studies of scholars abroad. The empirical part is based on official statistics analysis and graphic visualization.\r\nFindings: Two groups of indices characterizing quality of social and labor relations are suggested. The first group reflects labor potential issues and includes six groups of indices – decent work, decent length of the working day, humanization of labor, employment conditions, occupational health and safety, and democratization of working life. The second group represents the condition of contractual relations in the company. \r\nOriginality/value: Careful study of the social and labor relations’ state in the Russian Federation economic context confirmed our hypothesis that complex application of the proposed indices can become an indicator of social and economic efficiency balance for both small and large economic systems worldwide.

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