⟩ Explain what are the characteristic features of collective bargaining?
The main features of collective bargaining are:
☛ It is a group process involving at least two parties.
☛ It is a process of negotiations through mutual discussions and compromise.
☛ It is a formal process in which employers and formal trade unions participate for discussions.
☛ It is a flexible process consisting of various steps.
☛ The process works on the basis of mutual trust and understanding between the two parties.
☛ It is a complementary process where each party has something to offer to each other.
☛ It is a constructive ongoing process.
