Definition of Collective bargaining:
Collective bargaining is the process of negotiating the terms of employment between an employer and a group of workers. The terms of employment are likely to include items such as conditions of employment, working conditions, and other workplace rules, as well as base pay, overtime pay, work hours, shift length, work holidays, sick leave, vacation time, retirement benefits, and health care benefits.
Good-faith process between an organizations management and a trade union representing its employees, for negotiating wages, working hours, working conditions, and other matters of mutual interest. To the management, this process presents (usually) one set of people to negotiate with; to the employees, it gives greatly enhanced bargaining-power. Collective bargaining is the fundamental principle on which the trade union system is based.
What Is Collective Bargaining? .
Synonyms of Collective bargaining
Bargaining, Chaffer, Chaffering, Coming to terms, Company union, Craft union, Dickering, Haggle, Haggling, Higgling, Horizontal union, Industrial union, Labor union, Local, Local union, Negotiation, Organized labor, Package bargaining, Pattern bargaining, Trade guild, Trade union, Union local, Vertical union
How to use Collective bargaining in a sentence?
- Due to the process of collective bargaining , the productivity of our factory has increased by a substantial margin since the beginning of the contract.
- The median weekly pay for union workers is higher than nonunion workers as of 2019, coming in at $1,095 versus $892, respectively. .
- Thanks to the collective bargaining within the company, we can now receive discounts on our medical coverage and pay for sick days.
- The process takes place between company management and a labor union. .
- Much of modern labor would be changed for the worse if history hadnt had people organize their labor through collective bargaining .
- Collective bargaining is the process of negotiating the terms of employment between an employer and a group of workers, such as pay and working conditions. .
- Roughly 10.3% of U.S. workers are union members, where 33.6% of public sector workers are unionized, versus 6.2% for the private sector. .
Meaning of Collective bargaining & Collective bargaining Definition