What are the features of collective bargaining?

What are the features of collective bargaining?

• Collective: Since a group of people collectively bargain for their common interest and benefit. And finally management and workers arrive at a final decision through negotiations.

• Strength: Here both the parties bargain with equal strength.

• Flexible: Both parties start with different views but finally settle down at a middle point.

• Voluntary: Both parties start it voluntary to have a meaningful decision.

• Continuous process.

• Complex: as it involves a number of procedures and techniques, preparation of negotiation,
timing, agenda, agreement etc.