BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INDUSTRIAL RELATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Negotiation of wages and other conditions of employment by an organized body of employees.
A
Collective Bargaining
B
Overtime Ban
C
Go-Slow
D
Work-to-Rule
Explanation: 

Detailed explanation-1: -Answer: Collective bargaining is a voluntary process used to determine terms and conditions of work and regulate relations between employers, workers and their organizations, leading to the conclusion of a collective agreement.

Detailed explanation-2: -Collective bargaining is the process of negotiation during meetings between reps and their employer, often to improve pay and conditions. The collective bargaining process allows workers to approach employers as a unified group. The aim of collective bargaining is to reach an agreement between employers and workers.

Detailed explanation-3: -The bargaining theory of wages holds that wages, hours, and working conditions are determined by the relative bargaining strength of the parties to the agreement. Smith hinted at such a theory when he noted that employers had greater bargaining strength than employees.

Detailed explanation-4: -“Collective Bargaining is a mode of fixing the terms of employment by means of bargaining between organized body of employees and an employer or association of employees acting usually through authorized agents. The essence of Collective Bargaining is bargaining between interested parties and not from outside parties”.

Detailed explanation-5: -The main types of collective bargaining include composite bargaining, concessionary bargaining, distributive bargaining, integrative bargaining, and productivity bargaining.

There is 1 question to complete.