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Do you think compensation packages negotiated through collective bargaining agreements are a major cause of our inability to compete in many sectors of the international market? Do you agree or disagree with this statement? Explain using relevant organizational examples.

Start with the compensation package.
Compensation-packages Along with salary and wages, many employers offer added incentives in what is known as a compensation package. This package is simply the additional perks and benefits that are extended to the employee as part of his or her compensation for performing job related tasks efficiently and correctly. There are a number of different benefits that can be included in a package of this type, even when the employer is a small business. One of the most basic elements in any compensation package is health insurance. Even when the employer offers nothing more than salary or wages, there is a good chance that health coverage will be offered in some form. Many employers pay the entire premium, while others share the cost with the employee through a payroll deduction each pay period. In most cases, the coverage provided by the group insurance plan carries lower deductibles and a wider scope of coverage than the employee could obtain individually for the same premium. Along with salary and wages, many employers offer added incentives in what is known as a compensation package. This package is simply the additional perks and benefits that are extended to the employee as part of his or her compensation for performing job related tasks efficiently and correctly. There are a number of different benefits that can be included in a package of this type, even when the employer is a small business. One of the most basic elements in any compensation package is health insurance. Even when the employer offers nothing more than salary or wages, there is a good chance that health coverage will be offered in some form. Many employers pay the entire premium, while others share the cost with the employee through a payroll deduction each pay period. In most cases, the coverage provided by the group insurance plan carries lower deductibles and a wider scope of coverage than the employee could obtain individually for the same premium.

What is Collective Bargaining? Once a union is established in a workplace, discussions begin between the union and the employer regarding a new labor contract which will govern the working relationship between the employer and all the workers in the bargaining unit. This process is known as "collective bargaining. Ref Missing

For years, not many people talked about collective bargaining. But that changed when Wisconsin Gov. Scott Walker, Ohio Gov. John Kasich and Republican politicians in a dozen other states decided to eliminate the right to bargain collectively from public employees. Instantly, working people in all kinds of jobs as well as students, community supporters, faith leaders and others united to defend this basic right. And why is it so important? Because the right to come together for a voice on the job is not only a fundamental right, it is essential for working men and women to have the strength to improve their living standards, provide for their families and build an American middle class. Collective bargaining enables working people who are union members to negotiate with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family and more. Ref Missing Bottom line: It gives working people a voice at the table

Type of Bargaining

According to the Oxford Dictionary of Human Resource Management ( year missing), the contract agreements of the collective bargaining between the union and the concerned organization is mentioned in the employment contract of every employee....
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