Collective Bargaining

Definition

Collective bargaining refers to negotiations between employers (or their representatives) and employees (or their representatives) regarding wages, working conditions, benefits, and other terms of employment. It allows workers to join together as a group (usually through labor unions) and bargain for better conditions.

Related terms

Labor Union: A labor union is an organized group of workers who come together to protect their rights and interests through collective action.

Strike: A strike is when workers refuse to work as a form of protest or negotiation tactic. It often occurs during labor disputes when negotiations fail.

Arbitration: Arbitration is a process used to settle disputes between parties by having an impartial third party make a binding decision. It can be an alternative method for resolving conflicts in the collective bargaining process.