party would like to modify the contract at the earliest opportunity.
ӹ
ӹ As a system of industrial jurisprudence It is a rule-making or legislative process, in the sense that
it formulates terms and conditions under which labour and
management will co-operate and work together for a specific
period.
Importance
In summary, collective bargaining offers the following benefits to
both employers as well as employees:
ӹ
ӹ It helps increase economic strength of both parties at the same
time protecting their interests.
ӹ
ӹ It helps establish uniform conditions of employment with a view
to avoid occurrence of industrial disputes.
ӹ
ӹ It helps resolve disputes when they occur.
ӹ
ӹ It lays down rules and norms for dealing with labour.
ӹ
ӹ It helps usher in democratic principles into industrial world.
Process
Collective bargaining has two facets:
ӹ
ӹ Negotiating the work conditions that become the collective
agreement (contract) describing employer-employee relationship
on the job
275
ӹ
ӹ Interpreting and enforcing the collective agreement (contract
administration) and resolving any conflict arising out of it.
The process of collective bargaining involves six major steps:
ӹ
ӹ Preparing for negotiations
ӹ
ӹ Identifying bargaining issues
ӹ
ӹ Negotiation
ӹ
ӹ Reaching the agreement
ӹ
ӹ Ratifying the agreement
ӹ
ӹ Administration of the agreement
