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Finance & Accounting
Pages 13 (3263 words)
Exam Questions 1 <Name and Section # of course> <Instructor Name> <Date> Question 1 -Critically explore the underlying reasons for the recent decline in collective bargaining processes and practices in the United Kingdom? INTRODUCTION Collective bargaining is an expedient tool of negotiation used by the employees in order to work with their employers…
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When agreement has been reached on specific terms and conditions which both the parties agree to, then the contract is signed and kept safe for a certain period of time, usually it is for three years. This contract is referred to as the collective bargaining agreement owing to the nature of the contract (Smith, 2011). The collective bargaining processes and practices in the United Kingdom have faced a gradual decline in contemporary times which is evident from the decline in the participation in trade unions, and there are certain underlying reasons which explain this downfall of the negotiations which this paper tends to explore. EXPLAINING THE DECLINE Over a period of twenty year, Britain has seen the transformation of power with reference to trade unions, which initially occupied the position of being relatively powerful, and recently have come down to being relatively weak. It is imperative to the study of collective bargaining to understand why this decline took place. ...
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