What are the basic requirements of a collective bargaining agreement?

A collective bargaining agreement is an agreement between an employer and union representatives regarding wages, hours of work, working conditions, and other terms of employment. The main requirements of a collective bargaining agreement in New Mexico are that both parties must negotiate in good faith to reach an agreement; both parties must be open and honest with each other in the bargaining process; and both parties must agree to the terms of the collective bargaining agreement in writing. Employers and unions must also agree on the duration of the collective bargaining agreement. The terms of the agreement may include wages, benefits, working hours, vacation time, health and safety conditions, job duties, and any other matters related to employment. In New Mexico, collective bargaining agreements must also include a dispute resolution mechanism, such as arbitration or mediation. In addition, the collective bargaining agreement must cover wages, benefits, and other aspects of work on an all-inclusive basis, meaning that each individual represented by the union must be covered by the same agreement. This is known as the "scope of bargaining." Finally, the collective bargaining agreement must be in writing and signed by both the employer and the union representatives.

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