An Enterprise Agreement, commonly abbreviated as EA is a
negotiated agreement between employees and their employers. This type of an
agreement is purely company specific and is generally drafted in a manner so as
to suit the requirements of both the parties. For such an agreement to be valid
and eventually take effect a poll process must follow where the agreement will
have to be approved by a majority of the organisational employees having valid
voting rights and the end status notified by the HR Reporting.
Benefits of Enterprise Agreements, also known as
enterprise bargaining agreement are many. First of all, they help in
stabilising a business. In addition to this, an Enterprise Agreement helps in
creating a stable working environment by ensuring that employee’s common
requirements and demands like wages, pensions and other facilities etc. are
fulfilled from time to time by the organization. For the job providers, the
agreement contributes in ensuring that the company rules and regulations are
being fully complied. An EA plays a key role in generating more career
opportunities for the job aspirants by regularizing HR Reporting and also, it
can help in providing a large range of both monetary and non-monetary benefits
to the business organizations.
Ideally, Enterprise agreements should be flexible enough
to allow both employees and employers to be in a win-win situation that on one
side helps the employers to achieve total operational requirements whereas on
the other side provides a way for the employees to achieve some reasonable
measures of their job/life requirements.
Making an Enterprise Agreement includes legal advice
& representation at FWA, recommendations and updates on latest changes in
State and Federal Laws, good faith bargaining and finally drafting and lodging
an agreement that is fair and suits the needs and requirements of both parties.
