The process of collective bargaining involves three steps:
* homework for talks: It involves preparation to negotiate a contract. Both the parties should sympathise the contract completely to identify the loopholes. Once the parties are fix with their evidence, they should construct a strong and logical argument to be presented for negotiation.
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* ?Negotiation: The negotiation process begins with submission of the demands of the trade union to the management. The management starts negotiation at a different level, worry in some situations, offering something less than what it has in mind. Negotiation results into a mutually acceptable agreement. ??
* grow Administration: Contract administration determines the future of industrial relations in the stiff by preventing disputes.
One of the key elements of a contract is the
When some(prenominal) of the parties, in this case, management & union, can non agree on a solution, there is a requirement for the involvement of a thirdly party, who has always been called the arbitrator. The arbitrator helps the parties resolve their differences and reach an agreement. If conciliation is not reached, the arbitrator issues a decision after hearing some(prenominal) the parties. ??
It is noteworthy that the arbitrator does not have formal dictum to impose a solution in a excavate dispute. If no agreement is reached and either or both the parties reject to abide by the decision of arbitrator, then the conflict reaches the final stage called adjudication.
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