Collective bargaining is a fundamental aspect of labor relations, where worker representatives—typically through a union—collaborate with employers to negotiate key aspects of employment. This crucial process covers wages, working hours, benefits, workplace safety, and other essential conditions. The aim is to achieve a collective agreement that aligns with the interests of both parties, fostering a balanced power dynamic and encouraging mutual cooperation.
Effective collective bargaining not only enhances working conditions but also promotes labor peace, boosts productivity, and increases job satisfaction. These agreements are legally binding and set the standards for labor practices within the organization, ensuring a fair and structured approach to employment relations.
