BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Collective bargaining allows the parties to tailor a collective agreement governing the employment relationship to their particular industry or enterprise. It also allows parties to solve problems that may be specific to their industry or workplace.

Detailed explanation-2: -The outcome of collective bargaining is typically a collective agreement. Such agreements can regulate both the procedures for relations between the signatory parties and the terms and conditions of employment of those workers covered by the agreement, such as pay and working time.

Detailed explanation-3: -A collective agreement is a written contract between the employer and a union that outlines many of the terms and conditions of employment for employees in a bargaining unit. The terms and conditions are reached through collective bargaining between the employer and the union.

Detailed explanation-4: -The benefit of a collective agreement is the industrial peace obligation. This means that employees may not declare a strike, boycott or other similar action while the collective agreement is in force. A collective agreement is binding upon all parties thereto.