Business, Legal & Accounting Glossary
A strategy used in collective bargaining that establishes a pay raise for union members at some specified date in the future. This strategy allows both labor and management to win something in the negotiations. Labor negotiators win a pay raise for members, and management negotiators save money for their companies because the wage increase is deferred until future date.
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This glossary post was last updated: 20th November, 2021 | 0 Views.