Difference between revisions of "Bargaining"

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''Bargaining '' - (adjective)
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''Bargaining '' - (noun)
 
== Definition ==
 
== Definition ==
Bargaining’ is often used as an adjective with the nouns ‘position’, ’power’, or ‘strength’. The more members a trade union has, for example, the greater the bargaining power it will have in negotiations with management.  
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This refers to the negotiation of terms, contracts or transactions. It is often used with ‘collective’ and ‘pay’ to describe the kind of bargaining trade unions carry out with employers. Bargaining can also be industrywide or nationwide.
 
== Extra ==
 
== Extra ==
 
'''Source:''' Own Definition <br />
 
'''Source:''' Own Definition <br />
'''Example of Use:''' The loss of members left the trade union in a weaker bargaining position. The change in labour laws, which made strike action more difficult, resulted in a loss of bargaining power. [[Category: Labour Relations]][[Category: Glossary]]
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'''Example of Use:''' The trade union is currently negotiating a collective bargaining agreement. [[Category: Labour Relations]][[Category: Glossary]]

Latest revision as of 19:03, 11 March 2020

Bargaining - (noun)

Definition

This refers to the negotiation of terms, contracts or transactions. It is often used with ‘collective’ and ‘pay’ to describe the kind of bargaining trade unions carry out with employers. Bargaining can also be industrywide or nationwide.

Extra

Source: Own Definition
Example of Use: The trade union is currently negotiating a collective bargaining agreement.