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Collective bargaining is the process where labor unions and employers negotiate agreements on wages, benefits, hours worked, and other employment conditions. The NLRB mandates that both parties must engage in good faith bargaining, meaning they should meet at reasonable times and be prepared to negotiate. Topics that must be discussed include compensation, benefits, work hours, pensions, insurance, grievance processes, safety, layoffs, discipline, and union security. While the law requires that both sides negotiate over these mandatory topics, it does not obligate them to reach an agreement. Additional issues like employee rights, management control, and benefits for retired workers may also be part of the bargaining discussions.