Explain the relationship between its budget and collective bargaining processes.

The budget and collective bargaining processes are closely related because the two work together to ensure that a company\’s finances are in order. The budget process outlines how funds are allocated each year based on the needs of the organization, while collective bargaining sets out what an employer will pay their workers for their services.

Through collective bargaining, employers and employees come to an agreement about wages, benefits, working conditions, and other employment-related issues. This agreement is then reflected in the budget as it serves as a guide for allocating resources appropriately. In short, the relationship between budgets and collective bargaining is one of mutual benefit – both parties strive toward mutually beneficial outcomes that take into account financial considerations as well as employee rights and interests.