1.4.1 bargaining

Question 1

what is bargaining

Answer 1

trying to get what you want

Question 2

what is individual bargaining

Answer 2

negotiation process where an employee negotiates their terms of employment

Question 3

what is collective bargaining

Answer 3

process of negotiation between employers and a group of employees, typically represented by a union

Question 4

advantages of individual bargaining

Answer 4

allows tailored agreement

facilitates direct communication

empowers employees

faster decision making

Question 5

disadvantages of individual bargaining

Answer 5

may lack bargaining power

inconsistent agreements

may feel isolated without union

limited resources

Question 6

advantages of collective bargaining

Answer 6

workers have more negotiating power

promotes fairness

employees have backing of union

establishes conflict resolution

Question 7

disadvantages of collective bargaining

Answer 7

limited flexibility

negotiation can be time consuming

may be requires to pay union dues

potential for strikes