sectoral bargaining

Sectoral bargaining is a negotiation process where workers and employers within a specific industry or sector come together to agree on wages, working conditions, and benefits. Unlike company-specific bargaining, which focuses on individual businesses, sectoral bargaining allows for standardized agreements across an entire industry. This can help level the playing field among companies, ensuring fair treatment for workers and promoting stability in the sector. By addressing issues collectively, sectoral bargaining can lead to better outcomes for both employees and employers while fostering cooperation and competitiveness within the industry.