BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -(1) Collective agreements shall be valid if concluded in writing and signed by authorized representatives of the competent trade union organs (bodies) and employers, or by representatives of such employers association, unless it is stipulated otherwise below.

Detailed explanation-2: -A Collective Agreement is defined in the LRA as a “written agreement concerning terms and conditions of employment or any other matter of mutual interest” concluded between a registered trade union and employer. If there is a majority union in the workplace, the agreement may also bind non-union members.

Detailed explanation-3: -a collective agreement binds-(a) the parties to the agreement or members of an industrial council that concluded the agreements, (b) all members of any organization party to the agreement or member of an industrial council that concluded the agreement, to the ext that the agreement relates to them.

Detailed explanation-4: -Industry negotiations produce agreements known as collective agreements. Collective agreements are often valid for 2–3 years, which means that the terms of employment are renegotiated every couple of years.