Attribute of collective bargaining

Question

Write down the attribute of collective bargaining?

Answer 1

The major attribute of collective bargaining are illustrated below:

- It is a group procedure including at least two parties.
- It is a procedure of negotiations throughout mutual compromise and negotiations.
- It is a formal procedure in that employer and formal trade unions contribute for discussions.
- It is a flexible procedure consisting of different steps.
- The process works on the base of mutual trust and understanding among the two parties.
- It is a complementary procedure where each and every party has something to offer to each other.
- It is a constructive ongoing procedure.