Multi-company agreements are much less common and are concluded between two or more employers who are not employers with a single interest. So what should you do? Essentially, your business needs good planning and preparation before you get into business negotiation. Regardless of a company`s relative experience in enterprise bargaining, it is often overlooked that the way employers negotiate and the resulting enterprise agreement (particularly if the terms of this agreement are unique or innovative) is an important part of a company`s recruitment, selection and retention strategy. There are three types of enterprise agreements: individual companies, multi-company agreements and Green Fields (which may be an individual agreement or agreement with several companies), each of which is discussed below. An enterprise agreement defines the conventional terms of employment between an employer and a group of workers that are normally concluded in good faith after negotiation between the workers, their representatives (often with a union) and the employer. By negotiating in good faith and maintaining open communication, the parties are much more willing to reach an agreement without resorting to trade union action. It is also clear that most negotiation processes are completed without the need for such measures. Once an enterprise agreement is in effect, trade union actions can only be taken after the expiry of the contract date. An agreement can be a way to create productive and harmonious employment. The employers of the workers decide to negotiate for an enterprise agreement with thought companies. Recently, we have seen a growing recognition of enterprise agreement as a potential branding tool, as well as increasing sophistication in the way companies use enterprise bargaining and agreements to achieve their strategic goals.
An employer can not only create security on the terms of employment for the duration of the agreement by introducing certain conditions into an enterprise agreement, but also by shaping and maintaining the company`s culture. The terms of the enterprise agreement are in themselves a public statement of what a company stands for and reflect how it intends to treat its employees. It can be a powerful recruitment tool that encourages potential employees to work for your business. These conditions can also offer a competitive advantage over competitors who want to attract employees to your company, whom you want to keep differently. Another way to build your brand through the content of your enterprise agreement is to include in this agreement new or innovative conditions. Most of them are generally motivated by what happens across society when negotiations take place. A number of enterprise agreements, including those negotiated for large known organizations, have attempted to introduce additional benefits on issues such as workplace flexibility, parental leave and, more recently, parental leave related to domestic violence, as these issues are increasingly raising public awareness and understanding.