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productivity agreement

A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

productivity agreement An agreement between an employer and a union in which an increase in wages is given for a measured increase in productivity. To arrive at such an agreement, productivity bargaining is needed to reach a compromise between the increase in wages demanded by the unions and the increase in productivity demanded by the employers.

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