Collective bargaining agreement or CBA in Hindi is known as “सामूहिक बातचीत समझौता”. It is an important term used in the labor sector and refers to the agreement between an employer and a union representing a group of employees. The CBA outlines the terms and conditions of employment, including wages, working hours, benefits, and grievance procedures, among others.
The purpose of collective bargaining is to establish a fair and balanced relationship between employers and employees. Through the negotiation and signing of a CBA, both parties can come to a mutual agreement on the terms of employment, leading to better working conditions and increased job satisfaction for employees.
In India, collective bargaining is governed by the Industrial Disputes Act, 1947. This law states that workers have the right to form and join unions, and employers are obligated to negotiate with them in good faith regarding their wages, hours, and working conditions. The Act also provides for the settlement of disputes through arbitration and conciliation.
A collective bargaining agreement typically includes provisions for wage increases, healthcare benefits, vacation time, and other employment benefits. It also outlines the process for resolving disputes, including the use of a neutral third-party mediator or arbitrator.
CBAs are important for both employers and employees. For employers, it provides a way to negotiate with a group of employees collectively instead of individually, which can be more efficient and cost-effective. For employees, it ensures that they have a say in their working conditions and can address any grievances they may have.
In conclusion, collective bargaining agreement or सामूहिक बातचीत समझौता in Hindi, is a crucial term in the labor sector. It is an agreement between an employer and a union representing a group of employees, outlining the terms and conditions of employment. In India, collective bargaining is governed by the Industrial Disputes Act, 1947. CBAs are important for both employers and employees and ensure a fair and balanced relationship between both parties.