Labor Relations And Collective Bargaining
Labor refers to a group of workers in an industry who sell their own skill in exchange for an income they negotiate with the management. While these negotiations may occur on an individual basis, many wage negotiations occur between employees who have organized into a group called a labor union (formed to improve the members' wages and working conditions) and managers. This group wage- and benefit-negotiating process is called collective bargaining.
Labor Union is an association formed by labors in any organization to obtain by collective action improvements in pay, benefits, w…
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