Importance Of Collective Bargaining
Collective bargaining
• According to Dale Yoder, “Collective bargaining is the term used to describe a situation in which the essential conditions of employment are determined by bargaining process undertaken by representatives of a group of workers on the one hand and of one or more employers on the other.”
• In the words of Flippo, “Collective bargaining is a process in which the representatives of a labour organisation and the representatives of business organisation meet and attempt to negotiate a contract or agreement, which specifies the nature of employee-employer-union relationship.”
Features of Collective Bargaining
• It is a collective process. The representatives of both workers and management participate in bargaining.
• It is a continuous process. It establishes regular and stable relationship between the parties involved. It involves not only the negotiation of the contract, but also the administration of the contract.
• It is a flexible and dynamic process. The parties have to adopt a flexible attitude through the process of bargaining.
• It is a method of partnership of workers in management
Importance of Collective Bargaining
Importance to employees
• Collective bargaining develops a sense of self respect and responsibility among the employees.
• It increases the strength of the workforce, thereby, increasing their bargaining capacity as a group.
• Collective bargaining increases the morale and productivity of employees.
• It restricts management’s
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