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Tip Tuesday: Costing a Collective Bargaining Agreement

September 9, 2019
  • Know your financial goals and limits 
  • Have a full understanding of both the CBA and the business's operations 
  • Use sound and defendable assumptions 
  • Consult with experts inside and outside the company if necessary
  • Remember that changes to one CBA provision can effect on one or more other provisions of the contract 
  • Build a flexible model so that new proposals can be easily added and existing ones can be modified
  • Garner trust at the table by being transparent and sharing basic assumptions and methodology 
  • Test the model extensively before using it in practice