What is the process of negotiating the terms of employment between an employer and a group of workers called?

The process of negotiating the terms of employment between an employer and a group of workers is known as collective bargaining. This approach involves discussions focused on various aspects of the employment relationship, such as wages, working hours, working conditions, and benefits. The primary goal is to reach a mutual agreement that satisfies both the employer's goals and the employees' needs, often facilitated by labor unions representing the workers.

Collective bargaining is crucial because it allows workers to communicate collectively, thus enhancing their bargaining power compared to negotiating individually. This process helps to establish a formalized contract that outlines the agreed-upon terms, ensuring clarity and protection for both parties involved. The outcomes of collective bargaining can lead to a collective agreement, which governs the employment relationship until the next negotiation period.