Collective bargaining is a process between employers and employees where they negotiate terms of employment such as pay, hours, and safety procedures. It aims to reach a collective agreement that regulates these conditions for a set time period. The objectives of collective bargaining include allowing workers to voice issues, facilitating mutually agreeable solutions to disputes, and developing stable labor relations. It is a formalized process typically involving negotiations between unions representing employees and employers or employer associations. Key aspects of collective bargaining include establishing ground rules, clarifying positions, bargaining and problem solving to reach agreements, and implementing finalized contracts.