Collective bargaining is a process of negotiation between an employer and a group of employees, typically represented by a labor union, with the goal of reaching an agreement on terms and conditions of employment. The process involves both parties coming together to discuss and negotiate various aspects of the employment relationship, such as wages, benefits, working conditions, and other employment-related issues.
Collective bargaining is an important tool for workers to advocate for their interests and to ensure that they are fairly compensated and treated. Labor unions act as representatives of employees during the collective bargaining process, advocating for their interests and negotiating on their behalf. Through collective bargaining, employees can achieve better wages and benefits, improved working conditions, and greater job security.
The collective bargaining process typically involves several stages, including preparing for negotiations, exchanging proposals and counterproposals, reaching an agreement, and implementing the agreement. Negotiations can sometimes be contentious, with both parties needing to make compromises in order to reach an agreement that is acceptable to all.
Overall, collective bargaining is an important process for maintaining a healthy and productive relationship between employers and employees. It helps to ensure that employees are fairly compensated and treated, while also enabling employers to maintain a competitive and sustainable business.
