Collective bargaining

What is Collective bargaining?

Collective bargaining meaning in Labor terms is Method whereby representatives of employees (unions) and employers negotiate the conditions of employment, normally resulting in a written contract setting forth the wages, hours, and other conditions to be observed for a stipulated period (e.g., 3 years). The term also applies to union-management dealings during the term of the agreement.

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

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