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What are the advantages of collective bargaining?

Answer:

collective bargaining has been around since world war 2 and has developed rapidly, some collective bargaining agreements are registered with the labour court and are binding by law, however others are only mutually accepted agreements.
the advantages of collective bargaining include:

· Its an open means of airing grievances in an orderly negotiating factor. employees which has issues regarding certain aspects of their work can address them in a calm collectiveenvironment.
· Redrsses the imbalance of power. employers have major power within society the use of collective bargaining restores a balance beteen employees and employers
· Flexible.
· Involves workers.
· Manages conflict. conflict between the social partners can be managed through negoation which in turn creates industrial peace and a harmonised society.
· Requires consent of all representatives involved.
collective bargaining encourages industrial peace and less strikes which is a major factor wich encourages FDI ( foreign direct investment)

First answer by ID1445611427. Last edit by ID1445611427. Question popularity: 4 [recommend question].

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