Explain me what is the importance of collective bargaining to employees and employers?
Submitted by: MuhammadImportance of collective bargaining to employees:
☛ It increases the strength of employees as a group.
☛ It helps in boosting their self respect and level of motivation
☛ It increases their sense of responsibility
☛ It helps in reaching a quick and fair settlement for employee's issues.
Importance of collective bargaining to employers:
☛ It's easier for management to deal with group issues rather than individual issues
☛ It leads to an increase in the level of trust among employees and employers benefiting the overall business
☛ Reduces absenteeism and labour turnover which increase productivity and reduces the cost and wastage
☛ It helps in settling the issues at an initial level before they turn into disputes
Submitted by: Muhammad
☛ It increases the strength of employees as a group.
☛ It helps in boosting their self respect and level of motivation
☛ It increases their sense of responsibility
☛ It helps in reaching a quick and fair settlement for employee's issues.
Importance of collective bargaining to employers:
☛ It's easier for management to deal with group issues rather than individual issues
☛ It leads to an increase in the level of trust among employees and employers benefiting the overall business
☛ Reduces absenteeism and labour turnover which increase productivity and reduces the cost and wastage
☛ It helps in settling the issues at an initial level before they turn into disputes
Submitted by: Muhammad
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