Definition

‡ The ongoing process of negotiation between representatives of workers and employers to establish the conditions of employment

Features of Collective Bargaining

‡ It is essentially a group action and is initiated by the representatives of workers . ‡ The process is flexible and it provides for both parties a scope for compromise. ‡ It is a two-party process, where both strive to arrive at an arrangement for settling a dispute, devoid of animosity and mutual hatred. ‡ It reflect implementation of industrial democracy.

Why Collective Bargaining??????

‡ The growth and development of industrialization in the west has been more stable and orderly on account of sound wage structures, which is the result of a successful collective bargaining process. ‡ The maturity of the industry is related to the maturity of the collective bargaining process. ‡ It play a vital role for settling and more importantly preventing industrial disputes.

IMPORTANCE OF COLLECTIVE BARGAINING

‡ Increase economic strength of both the parties. ‡ Establish uniform conditions of employment ‡ Resolve disputes ‡ Lays down rules and norms ‡ Better implementation of decisions