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The collective bargaining process involves labor unions and employers negotiating agreements on wages, benefits, hours, and other employment terms. Good faith bargaining is required by the NLRB, which includes meeting at a reasonable time and negotiating mandatory topics like compensation, benefits, hours, and conditions of employment. The law does not mandate reaching agreements, only bargaining in good faith. Other topics like employee rights, management control, and benefits for retired union workers are also part of the process.