Review:
Collective Bargaining Agreement
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
A collective bargaining agreement is a written contract between an employer and a labor union representing employees, which sets forth the terms and conditions of employment.
Key Features
- Negotiated terms and conditions of employment
- Specifies wages, benefits, working conditions, and other workplace issues
- Legally binding document for both parties
Pros
- Helps maintain positive labor-management relations
- Provides clarity and consistency in workforce policies
- Gives workers a voice in their workplace conditions
Cons
- Can be complex and time-consuming to negotiate
- May limit flexibility for employers in responding to changing business conditions
- Some agreements may result in higher labor costs for employers