An insurance company is negotiating with its labour union on varying aspects of the compensation package including remuneration and benefits.Which strategy would be most appropriate for the CEO to use in reaching agreement on the contract terms for staff vacation?
A)Bargaining with union representatives for nonfinancial benefits
B)Expanding the use of tough bargaining tactics
C)Gathering information about staff expectations
D)Brokering the prospect of arbitration
E)Setting up mediation processes

Question

Quizplus · Accepted Answer

Gathering information about staff expectations helps the CEO understand what employees value most, allowing for more informed and effective negotiations.

An Insurance Company Is Negotiating with Its Labour Union on Varying