Collective bargaining is the negotiation between employers and employees who are represented by a trade union. The trade union directly bargains with the employer about the benefits and wages of the workers.
The outcomes of collective bargaining improve the way employers treat their workers. Provides better working condition and offer benefits that favor the employees. It also makes communication easier. The union and employers can communicate directly to employees through brochures, posters, or fliers.
Unions can provide employers with representatives that will be there to solve disputes as they arise. Having such representatives is one of the advantages of collective bargaining for employers. Through this agreement, employers will be able to plan better. Furthermore, they will ensure employees receive their payment on time, the work environment is favorable, and enjoys the benefits.
Even though most companies have embraced this process, others do not see the importance of collective bargaining. So, let’s look into the pros and cons.
The importance of collective agreement depends on organizations’ goals. For as long as both parties agree, it is something that companies should embrace.
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