Collective bargaining.
This is a negotiating process between employers and employees, through their unions, to determine employment terms. Collective bargaining refers to business done in good-faith mechanisms, and the opinions raised are meant for the well-being of a group of workers. The results of collective bargaining are referred as collective bargaining agreement, which establishes conditions, terms, and rules of employment, and is legally binding. A potential collective bargaining agreement includes; compensation, personal procedures and policies, employee’s rights and responsibilities, and employer’s rights and responsibilities. Compensation implies the terms of work such as wages and salaries, vacations and holidays, benefits including ...
