What is COLLECTIVE BARGAINING?

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What does COLLECTIVE BARGAINING mean? COLLECTIVE BARGAINING meaning - COLLECTIVE BARGAINING definition - COLLECTIVE BARGAINING explanation. What is the meaning of COLLECTIVE BARGAINING? What is the definition of COLLECTIVE BARGAINING? What does COLLECTIVE BARGAINING stand for? What is COLLECTIVE BARGAINING meaning? What is COLLECTIVE BARGAINING definition?

Collective bargaining is a process of negotiation between employees and a group of employers aimed at agreements to regulate working salaries. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.

The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry wide agreement. A collective agreement functions as a labor contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).