Labour Relations Bobs Fishing

Question: Discuss about the Report for Labour Relations of Bobs Fishing. Answer: Bargaining power of Bobs Fishing Bobs Fishing is an organization which provides the service of guides to tourists. The company is holding monopoly in the market which is making it difficult for the new tourism companies to enter into the market. The licensing requirements in the area are also a major concern for the new companies to enter into the market. Moreover, as Bobs Fishing is the only guide service providers in the area, it would be having a higher bargaining power in the market. However, owing to the expiry of the collective agreement, the company has been lacking financial support. Thus, the managers of the company are required to negotiate with the local union who would be financing their business activities in the future. Bargaining power of local union The local union has a major advantage of having the financial capability to support the tourism business in the area. The union possesses significant amount of money in its strike fund which could help Bobs Fishing support its tourism business. Thus, the local union, in this situation has more bargaining power as the tourism company is in urgent requirement of financial support with the peak tourism season standing by. Collective bargaining The managers of the employers and the union should be implementing a collective decision making process. This collective bargaining between both the parties would be helping in determining the terms and conditions for enhancing the employment and getting mutual benefits after making a successful negotiation (Fossum, 2014). References Fossum, J. A. (2014). Labor relations. Mcgraw Hill Higher Educat.