Collective Bargaining Process - 16 Step by Step Process Describe the collective bargaining process. Sec 202- Process of Determination of CBA: Application: Trade Union A applies to the Directors of Labour to do act as CBA and Directors of Labour will write to TRADE UNION B about the intention of TRADE UNION A; Fails to Indicate: If TRADE UNION - B don’t … [Read more...] about Collective Bargaining Process – 16 Step by Step Process
What do you mean by collective bargaining? According to Investopedia, Collective bargaining is the process of negotiating the terms of employment between an employer and a group of workers, such as pay and working conditions. The process takes place between company management and a labour union. Collective Bargaining Agent (CBA): in relation to an establishment or group of … [Read more...] about What Do You Mean by Collective Bargaining?
Workers Profit Participation Fund (WPPF) – Definition and Meaning. The labor law requires a company to pay five percent (5%) of its Net Profit to the Workers Profit Participation Fund, Welfare Fund, and Bangladesh Worker’s Welfare Foundation Fund at the ratio of 80:10:10. The payment must be made no later than nine (9) months of the close of every year. However, the … [Read more...] about Workers Profit Participation Fund (WPPF) – Definition and Meaning