Industrial Labour Question:
What is the importance of collective bargaining to employers?
Answer:
Importance of collective bargaining to employers:
☛ It's easier for management to deal with group issues rather than individual issues
☛ It leads to an increase in the level of trust among employees and employers benefiting the overall business
☛ Reduces absenteeism and labour turnover which increase productivity and reduces the cost and wastage
☛ It helps in settling the issues at an initial level before they turn into disputes
☛ It's easier for management to deal with group issues rather than individual issues
☛ It leads to an increase in the level of trust among employees and employers benefiting the overall business
☛ Reduces absenteeism and labour turnover which increase productivity and reduces the cost and wastage
☛ It helps in settling the issues at an initial level before they turn into disputes
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