ECONOMICS

Detailed explanation-1: -Collective bargaining is the process of negotiating the employment terms between an employer and a group of workers. The process takes place between company management and a labor union.

Detailed explanation-2: -Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.

Detailed explanation-3: -Collective bargaining The process by which management and union representatives negotiate the employment conditions for a bargaining unit for a designated period of time.

Detailed explanation-4: -Collective bargaining is a voluntary process used to determine terms and conditions of work and regulate relations between employers, workers and their organisations, leading to the conclusion of a collective agreement.

Detailed explanation-5: -It can be done with the help of voluntary arbitration and responsible trade union.