What Is The Use Of A Collective Agreement

Nevertheless, the components and mechanism of the spatial labour market correspond to those of the non-spatial model. The labour supply offers its willingness to work and qualifications, while striving for high wages, job security and career expectations. The demand for labor, that is, businessmen, entrepreneurs, public institutions and representatives of all kinds of associations, seeks this willingness to work and specific qualifications and, for reasons of cost, strives to pay low wages in return, while promising job security and career expectations only to certain workers. This research process is accompanied on both «sides» by organizations that have created the framework conditions through collective agreements that significantly shorten the individual bargaining process. .

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