LABOR CONCESSION Meaning and
Definition
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Labor concession refers to a negotiated agreement or compromise made by an employer with the labor unions or workers to meet their demands or address their concerns. It is a term commonly used in the field of labor relations and collective bargaining.
A labor concession typically involves the employer giving in to certain demands or requests put forth by the labor unions or employees. These concessions could be related to issues such as wages, working conditions, benefits, or job security. It is a mechanism through which the employer demonstrates an understanding of the employees' concerns and a willingness to make changes to accommodate their needs.
Labor concessions are often reached through a process of negotiation and compromise between the representatives of the labor unions and the employer. Both parties involved are typically motivated to reach a mutually acceptable agreement to avoid labor unrest, strikes, or disruptions in the workplace.
This term is used to describe the act of yielding or granting by employers when it comes to labor-related matters, in recognition of the collective strength of the workers and their demands for fair treatment. The concessions made can vary in nature and intensity depending on the specific demands and circumstances involved.
Overall, labor concessions are integral in maintaining a healthy and cooperative relationship between employers and labor unions or workers, ensuring that the concerns and rights of employees are addressed and that a harmonious work environment is established.
Common Misspellings for LABOR CONCESSION
- kabor concession
- pabor concession
- oabor concession
- lzbor concession
- lsbor concession
- lwbor concession
- lqbor concession
- lavor concession
- lanor concession
- lahor concession
- lagor concession
- labir concession
- labkr concession
- lablr concession
- labpr concession
- lab0r concession
- lab9r concession
- laboe concession
- labod concession
- labof concession
Etymology of LABOR CONCESSION
The word "labor concession" is a combination of two terms: "labor" and "concession".
- "Labor" comes from the Latin word "labor" meaning "work" or "toil". It has been used in English since the late 14th century to refer to physical or mental exertion.
- "Concession" comes from the Latin word "concessio", meaning "a yielding" or "a granting". It has been used in English since the early 15th century to denote the act of giving in or allowing something as a compromise.
When combined, "labor concession" refers to a compromise, agreement, or arrangement made between labor unions or workers and employers or management. It typically involves giving certain benefits or advantages to workers in exchange for their agreement to certain conditions or terms, often related to wages, working hours, or other labor-related issues.
