LABOR AGREEMENT Meaning and
Definition
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A labor agreement is a legally binding document that establishes the terms and conditions of employment between an employer and a group of employees, typically represented by a labor union. Also known as a collective bargaining agreement (CBA), it outlines various rights, responsibilities, and benefits that both parties agree to adhere to during the employment relationship.
The labor agreement covers a wide range of issues related to employment, including wages, working conditions, job security, hours of work, overtime, holidays, vacation, health and safety regulations, and grievance procedures. It serves as a comprehensive guide that safeguards the interests of employees and promotes a harmonious working environment.
The negotiation of a labor agreement is typically initiated through collective bargaining between the employer and the labor union. The process involves discussions, negotiations, and compromise until both parties reach a mutual understanding and agreement.
Once the labor agreement is finalized, it is legally binding and enforceable. It provides a framework for resolving conflicts and disputes that may arise during the tenure of employment. The agreement is often valid for a specified period, such as two or three years, after which it may be renegotiated or updated.
Labor agreements play a crucial role in ensuring fair treatment and protection for employees. They establish clear guidelines and regulations that govern the working relationship between employers and employees, contributing to the overall stability and security of the workforce.
Common Misspellings for LABOR AGREEMENT
- kabor agreement
- pabor agreement
- oabor agreement
- lzbor agreement
- lsbor agreement
- lwbor agreement
- lqbor agreement
- lavor agreement
- lanor agreement
- lahor agreement
- lagor agreement
- labir agreement
- labkr agreement
- lablr agreement
- labpr agreement
- lab0r agreement
- lab9r agreement
- laboe agreement
- labod agreement
Etymology of LABOR AGREEMENT
The word "labor agreement" combines two separate etymologies.
1. "Labor" originates from the Latin word "labor" which means "toil, work, exertion". It entered English in the late 14th century and referred to physical or mental exertion as well as the process of childbirth.
2. "Agreement" comes from the Latin word "agreementum" which is derived from the verb "agre" meaning "to act according to, do, perform". In the late 14th century, it referred to a negotiated settlement between parties.
When combined, "labor agreement" refers to a negotiated settlement or contract between employers and workers or their representatives regarding terms and conditions of employment.
Similar spelling words for LABOR AGREEMENT
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