"Collective bargaining" pertains to the negotiation process between employers and a group of employees, often represented by a union, to establish terms of employment. This includes discussions on wages, working conditions, benefits, and other workplace policies. Collective bargaining empowers workers to negotiate as a group, enhancing their ability to reach fair agreements compared to individual negotiations. Successful collective bargaining can lead to binding contracts that define employer-employee relationships and address issues of worker rights and employer obligations, ultimately promoting stability and equity in the workplace.