Collective bargaining is a process of negotiation between employees and corporations aimed at reaching agreements that inform workers of their shared interests negotiated by an entity that acts like a corporation. These entities are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations attempt to establish wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.
The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry wide agreement.
or
Collective bargaining is process of joint decision making and basically represents a
democratic way of life in industry. It is the process of negotiation between firm’s
and workers’ representatives for the purpose of establishing mutually agreeable
conditions of employment. It is a technique adopted by two parties to reach an understanding acceptable to both through the process of discussion and negotiation.
ILO has defined collective bargaining as, negotiation about working conditions and
terms of employment between an employer and a group of employees or one or
more employee, organization with a view to reaching an agreement wherein the
terms serve as a code of defining the rights and obligations of each party in their
employment/industrial relations with one another Collective bargaining involves discussions and negotiations between two groups as to the terms and conditions of
employment. It is called ‘collective’ because both the employer and the employee
act as a group rather than as individuals. It is known as ‘bargaining’ because the
method of reaching an agreement involves proposals and counter proposals, offers
and counter offers and other negotiations
maurice.mutuku answered the question on April 15, 2019 at 12:13
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