Collective bargaining is the process where a group of employees 'collectively' negotiate with the employer. It will then negotiate a retail wide agreement for its workers across the industry. For example, this may be a minimum wage, basic benefits, or certain working conditions. Co-operative or integrative bargaining is where both the employee and the employer sit together and try to resolve the problems of their common interest and reach to an amicable solution. Collective bargaining has both advantages and disadvantages which can work for or against the parties involved. So long as the benefits outweigh the setbacks and employees get what they deserve without negative effects on the resources and growth of the company, it can be a good thing. Collective bargaining raises the wages and benefits more for low-wage workers than for middle-wage workers and least for white-collar workers, thereby lessening wage inequality.

Shikha Bharti

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