Research labor contract and negotiation. You are to take the role of lead company negotiator and bargain a new union agreement for the next three years. Union demands include higher wages, shorter hours, seniority, increased health coverage benefits, vacation, work rules, negotiation of National Labor Relations Board requirements, work station safety, closed shop conditions, and a variety of other economic demands amounting in total to over 36% for first year increases, and up to 45% in third year increases in the contract value. The company has indicated to you that there is at most a 15% three year increase with no more than 5% per year in following years.
Your specific task is to rationalize with the union leadership about:
- What the company can pay
- The priorities the company will recognize
- How the company will offset these costs through productivity gains to reduce costs and improve profitability
- What new initiatives the company, in concert with the unions, will co-sponsor, and what the sequences of drops will be to gain a final contract
Build a strategy by assessing each benefit cost for the new contract and assume that Cost of Living Allowance (COLA) is decreasing by 3% year over year for the next three years.
Support your paper with a minimum of one (1) scholarly resource. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 3-5 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards