Directorate of distance education master of business administration


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(iii)  Grievance procedure


265
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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