Collective Bargaining Agreement HRM 610 Employment Law and Labor Relations

The best way to explain the collective bargaining agreement is to define what is the purpose and how does it relate to everyday employees and employers. According to the Business Dictionary, collective bargaining agreement is written, legally enforceable contract for a specified period usually one year, between the management of an organization and its employees represented by an independent trade union. It sets down and defines conditions of employment wages, working hours and conditions, overtime payments, holidays, vacations, benefits, and procedures for dispute resolution. Also called labor agreement, union agreement, or union contract. Collective Bargaining Agreement ensures that employees and...