Definition

The Contract Agreement

The contract agreement is a descriptive document which may contain just general declarations of policy, or detailed rules and procedures. The tendency today is toward the longer, more detailed contract. This is largely a result of the increased number of items the agreements have been covering.

The main section of a typical contract cover subjects such as these: (1) management rights, (2) union security and automatic payroll dues deduction, (3) grievance procedure, (4) arbitration of grievance, (5) disciplinary procedures, (6) compensational rates, (7) hours of work and overtime, (8) benefits: vacations, holidays, insurance, pensions, (9) health and safety provisions, (10) employee security seniority provisions, and (11) contract expiration date.

Share it:  Cite

More from this Section

  • Forecasting
    Forecasting is a business analysis conducted in order to assess what future trends are ...
  • Work hardening
    Work hardening is a program, typically lasting four to six weeks, that provides workers ...
  • Performance Management
    Performance management is the continuous process of identifying, measuring, and developing ...
  • Codetermination
    Codetermination means employees have the legal right to a voice in setting company policies. ...
  • Cost Benefit Analysis
    Cost benefit analysis examines the relationship between the costs of a program and its ...