Significance of collective bargaining-employer and employees
Write down the significance of collective bargaining to employer and employees?
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Significance of collective bargaining to employees is illustrated below:
- It raises the strength of employees as a group. - It assists in improving their self respect and height of motivation- It raises their responsibility of sense - It assists in reaching a rapid and fair resolution for employee’s issues.
Significance of collective bargaining to employers is illustrated below:
- It’s easier for management to deal with group issues instead of individual issues. - It leads to a raise in the level of faith between employers and employees that benefit entire business- Decreases absenteeism and labor turnover that raise productivity and Decreases the cost and wastage- It assists in settling the issues at a first level ere they turn into disputes
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