Explain the types process and importance of collective bargaining
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The collective bargaining is the process wherein the unions and the employer meet to discuss the issues related to wage,the number of working hours,work environment and the other terms of the employment.
The purpose of the collective bargaining is to reach a mutual agreement between the employer with respect to the employment terms and enjoy a long term relationship with each other.
Types of collective bargaining:
1.Conjuctive or Distributive bargaining
2.Composite bargaining
3.Co-operative or Integrative bargaining
4.Productivity bargaining
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