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Structural changes in pay bargaining mean that wages are no longer set by a ""going rate"".
Financial and business terms. 2012.
bargaining — bar‧gain‧ing [ˈbɑːgənɪŋ ǁ ˈbɑːr ] noun [uncountable] HUMAN RESOURCES COMMERCE discussion to reach agreement about something, for example trade, levels of pay etc: • There will be some hard bargaining between the US and Europe. colˌlective… … Financial and business terms
bargaining — bar|gain|ing [ˈba:gənıŋ US ˈba:r ] n [U] 1.) discussion in order to reach an agreement about a sale, contract etc = ↑negotiation wage/pay bargaining ▪ The government would not intervene in private sector wage bargaining. ▪ The 4% pay raise was… … Dictionary of contemporary English
bargaining agent — ➔ agent * * * bargaining agent UK US noun [C] ► US WORKPLACE a labour union (= an organization that represents workers) that is elected by workers to represent their interests officially in discussions with company owners and managers in order to … Financial and business terms
bargaining unit — ➔ unit * * * bargaining unit UK US noun [C] ► WORKPLACE, HR employees, especially members of a labour union (= an organization that represents workers), who are considered as a single group in discussions about their pay, working conditions, etc … Financial and business terms
Pay to Play — can refer to several different concepts.In politicsIn politics, pay to play refers to a system, akin to payola in the music industry, by which one pays (or must pay) money in order to become a player. The common denominator of all forms of pay to … Wikipedia
Bargaining problem — The two person bargaining problem is a problem of understanding how two agents should cooperate when non cooperation leads to Pareto inefficient results. It is in essence an equilibrium selection problem; Many games have multiple equilibria with… … Wikipedia
Pay to play — Not to be confused with Play or pay contract. Pay to play, sometimes pay for play, is a phrase used for a variety of situations in which money is exchanged for services or the privilege to engage (play) in certain activities. The common… … Wikipedia
pay — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ hourly, monthly, weekly ▪ full, half (both esp. BrE) ▪ He has taken leave on half pay. ▪ … Collocations dictionary
Pay or play contract — A pay or play clause (or guaranteed contract) in an entertainment contract means that the person who is being hired (typically an actor) is guaranteed payment regardless of whether he or she actually works. For example, if a natural disaster… … Wikipedia
bargaining — noun (U) 1 discussion in order to reach agreement about a sale, contract etc: The 4% pay raise was the result of some hard bargaining. 2 bargaining position the power that a person or group has in a discussion or argument … Longman dictionary of contemporary English
