What is interest bargaining?

Interest bargaining is a negotiation process between employers and employees, typically represented by labor unions, focused on establishing the terms and conditions of employment. This includes discussions on wages, benefits, working conditions, and other workplace policies. Unlike rights bargaining, which deals with the enforcement of existing contract terms, interest bargaining seeks to create new agreements or modify existing ones to better serve the interests of both parties. Effective interest bargaining often requires compromise and collaboration to achieve mutually beneficial outcomes.