What is Collective bargaining?
Collective bargaining: Employers and unions negotiating terms.
Where Collective bargaining fits
Collective bargaining is part of Work & Pay in People & HR. Work and pay balance fairness and flexibility: wages, overtime, remote or hybrid work and the risk of burnout. High turnover is a costly warning sign.
Practical tip
Check workload, pay and flexibility before good people quit.
Related terms
- Minimum wage
- The lowest pay the law allows for work.
- Gig economy
- Work done through short, flexible jobs rather than permanent roles.
- Employee turnover
- Share of employees who leave a company in a period.
- Delegation
- Handing a task and its authority to someone else.
- Severance pay
- Money paid to an employee who loses a job through no fault of their own.
- Remote work
- Doing a job away from the company's office.
- Work-life balance
- Keeping paid work and personal life in healthy proportion.
- Employee engagement
- How committed and motivated people feel at work.
Formulas you will use with it
Test yourself
Which term means: “Employers and unions negotiating terms.”?
Work-life balance · Collective bargaining · Employee turnover
Answer: Collective bargaining
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