What is Collective Bargaining??? “Collective bargaining is a process in which the representatives of a labour organization & the representatives of business organization meet and attempt to negotiate a contract or agreement, which specifies the nature of Employee-employer union relationship”. – Flippo
Features of Collective Bargaining. Two way process. Continuous process Complimentary Flexible & Dynamic
Importance of Collective bargaining Pragmatic and democratic method of regulating the terms and conditions of employment. It results in better understanding between employers and employees Provides a flexible means of adjusting wages and conditions of employment Helps in establishing a code that defines the rights and obligations of each party. Facilitates better implementation of decisions.
Principles of Collective Bargaining Principles for Trade Unions Principles for Management Principles for both Union & Management
Conditions for successful collective bargaining. A favorable political climate. Freedom of association Recognition of unions Willingness to give and take Fair labour practices Problem solving attitude Continuous dialogue Availability of data