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Collective Bargaining
Collective bargaining constitutes the
negotiations between the
management and the union with the ultimate objective of agreeing on a
written contract covering the terms and conditions
of settlement of the
disputed issues. Both the parties sign the agreement and the length of
time the treaty will operate may be specified.
Voluntary Arbitration
ӹ
ӹ In this method of settling disputes,
a third neutral party acts
as a judge (to take decision on the disputed issue), hears and
collects the facts from the two primary
parties and proceed to
make a decision which is usually binding upon the union i.e.,
one primary party and the management (i.e. the second primary
party)
ӹ
ӹ Many industrial disputes have been
and are being settled today
through voluntary arbitration.
ӹ
ӹ The industrial Disputes Act 1947 recognizes voluntary arbitration
as a method for settling industrial Disputes.
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