Define collective bargaining in your own words. Critically evaluate the state of collective bargaining in the present day business scenario. Explain with examples your answer giving due details of the organizations and the sources you are referring to

Collective bargaining is a process of negotiation between employers and employees, usually represented by their respective unions, to reach an agreement on various terms and conditions of employment. The purpose of collective bargaining is to provide a formal and structured framework for the parties to reach a mutually acceptable agreement on issues such as wages, benefits, working conditions, and job security. Collective bargaining is a way for employees to have a collective voice in the workplace and for employers to negotiate with a representative group of employees instead of individual workers. The process of collective bargaining often involves multiple rounds of negotiations and may result in the signing of a collective bargaining agreement or contract that outlines the terms and conditions of employment for a specified period.

The state of collective bargaining in the present day business scenario varies significantly depending on the region, industry, and the political climate of the country. Here are some key points to consider while evaluating the state of collective bargaining:

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