ECONOMICS

AN EFFICIENT WEAPON USED IN RESOLVING DISPUTE BETWEEN EMPLOYERS AND EMPLOYEES IS

  • A. co-operation
  • B. collective bargaining ✓
  • C. display of placards
  • D. legal action

 

Collective bargaining is an efficient weapon used in resolving disputes between employers and employees. It is a process where representatives of the employees, usually labor unions, negotiate with the employer to determine wages, working conditions, benefits, and other aspects of employment. This negotiation process aims to reach mutually beneficial agreements that address the concerns of both parties.

Benefits of Collective Bargaining:

  1. Fair Treatment: Collective bargaining ensures that employees are treated fairly and have a voice in decisions that affect their work environment. It helps in establishing clear guidelines for how employees should be treated and what rights they are entitled to.
  2. Conflict Resolution: By providing a structured framework for negotiations, collective bargaining helps in resolving conflicts and disputes between employers and employees in a peaceful manner. It allows both parties to express their concerns and work towards finding common ground.
  3. Improved Communication: The process of collective bargaining fosters better communication between employers and employees. It encourages open dialogue, transparency, and collaboration, which can lead to stronger relationships in the workplace.
  4. Mutually Beneficial Agreements: Through collective bargaining, employers and employees can reach agreements that benefit both parties. These agreements often result in improved working conditions, fair wages, better benefits, and overall job satisfaction.
  5. Legal Protection: Collective bargaining agreements are legally binding contracts that provide protection for both employers and employees. They outline the rights and responsibilities of each party, ensuring compliance with labor laws and regulations.

In conclusion, collective bargaining is a powerful tool for resolving disputes between employers and employees by promoting fairness, communication, conflict resolution, mutual agreements, and legal protection.

In other words, Collective bargaining is an efficient weapon used in resolving disputes between employers and employees. This process involves negotiation between representatives of labor unions and management to reach agreements on wages, working conditions, and other aspects of employment. Collective bargaining helps to establish a fair and mutually beneficial relationship between employers and employees by allowing both parties to voice their concerns and come to a consensus on various issues.

Collective bargaining is a key component of industrial relations and plays a crucial role in maintaining peace and harmony in the workplace. By providing a structured framework for negotiations, collective bargaining helps to prevent conflicts and strikes, leading to better outcomes for both employers and employees. Through this process, workers can secure better wages, benefits, and working conditions, while employers can ensure productivity and efficiency in their operations.

Overall, collective bargaining promotes cooperation and collaboration between labor and management, fostering a more harmonious work environment. It is an essential tool for resolving disputes in the workplace and ensuring that the interests of both parties are taken into account.

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