Enterprise Business Agreement

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. An enterprise agreement is an agreement negotiated and concluded between one or more employers and a group of workers that sets the terms of employment. It allows your business to move away from traditional premium coverage and to put in place employment conditions that are better suited to the needs of your business and employees. EAAs define the parameters of labour costs, workplace flexibility and decision-making processes – areas crucial to the effective functioning of organizations.