Collective Bargaining

No-Strike Agreement
An agreement between a firm and the union(s) representing its employees that in the event of disagreements which cannot be resolved by negotiation both sides will accept the results of arbitration rather than resorting to strike action.
Corporatism
A concept of a political economic system in which economic decisions are achieved through negotiation between centralized corporate bodies representing interest groups.
Trade Union
An exploration of trade unions, their roles, functions, and significance in labor markets.
Wage Round
A period of regular pay negotiations, usually when employees are unionized.
Working Conditions
The conditions under which employees have to work, including various factors affecting their safety, comfort, and productivity.