collective bargain
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
- Briefly describe the sub-processes of collective bargaining.
Expert Solution
Step 1
An employee group negotiates with their employer "collectively" in the course of collective bargaining. Employee remuneration and rights are often discussed during this time. Examples include wages, working conditions, and benefits.
In collective bargaining, a union often represents the interests of its members. Representatives of the union will negotiate on its behalf. Business-to-business negotiations are possible, as well as industry-wide negotiations.
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