What do you call the formal agreements made collectively between employers and employees at the industry level?

The term "Collective Bargaining Agreements" is used to describe formal agreements made between employers and employees at the industry level. These agreements typically encompass the terms and conditions of employment, such as wages, working hours, and other workplace provisions. The process of collective bargaining involves negotiations between representatives of employer organizations and trade unions, allowing for mutual consent on various labor-related issues.

This process is crucial as it gives workers a collective voice and helps to balance the power dynamics between individual employees and employers, fostering fair labor practices. In addition, these agreements often set industry standards that influence working conditions across similar businesses.

Other terms such as contracts, policies, and framework agreements refer to different types of agreements or documents. While contracts can also involve agreements between parties, they do not specifically imply the collective aspect typical of labor relations. Policies describe internal guidelines or rules an organization adopts but do not involve negotiation between distinct labor parties. Framework agreements are broader arrangements that outline principles or guidelines but lack the specificity and focus on negotiated collective terms found in collective bargaining agreements.