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
Industrial Relations
What Do You Mean by Collective Bargaining?
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
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