Collective Bargaining - Its Relationship to Stakeholders
Published: 2009
Author(s) Name: V. Vijay Durga Prasad
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Abstract
Collective bargaining has become
a very important institution in the
realm of industrial relations and
extends to all negotiations that take
place between employers on the
one hand and one or more workers’
organizations on the other to
deter-mine the working conditions
and terms of employment. Collective
bargaining is a method by
which trade unions protect, safeguard
and improve the conditions
of their members’ working lives.
The bene-fits it has conferred upon
workers have been overwhelming.
The institution has also benefited
the employers and managements in
numerous ways. This article examines
the relationship of collective bargaining
with certain groups of
stakeholders during a negotiation.
The author highlights notable
hurdles in the process of collective
bargaining in spite of its continuous
steady pace of growth since
independence.
Keywords : Collective bargaining, stakeholders
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