Which term describes when a group negotiates for salary and conditions on behalf of workers?

Prepare for NCEA Level 2 Business Studies Test. Study comprehensively with flashcards and varied question formats, each offering hints and detailed explanations. Ready yourself for success!

The term that describes when a group negotiates for salary and conditions on behalf of workers is collective bargaining. This process involves representatives from a group, such as a labor union, coming together to negotiate with employers about the terms of employment, including wages, work hours, benefits, and working conditions.

Collective bargaining is significant because it aims to create fair employment contracts that reflect the needs and interests of the workers as a group, rather than on an individual basis. This process helps to establish a balanced power dynamic between employees and employers, ensuring that workers' voices are heard in the negotiation process.

In contrast, negotiation refers to the broader act of discussing terms and reaching agreements but does not specifically indicate that it involves a group representation on behalf of workers. Individual agreements refer to contracts made between one employee and an employer, which do not involve collective representation. Employment agreements are the final contracts that result from negotiations, detailing the terms of employment, but they do not in themselves describe the process of negotiation conducted on behalf of a group.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy