The learning process highlighted that trade union and labor negotiations are carried out both for the conclusion of a collective agreement, agreement and for making additions or amendments to these acts. Representatives of workers and employers participate in collective bargaining and have the right to take the initiative to conduct such bargaining. Any of the parties have the right to start collective bargaining. To do this, it must send the other party a proposal to begin collective bargaining. The Code does not set specific requirements for the content of such a proposal. It can be composed in any form. In the proposal, it is advisable to indicate the proposed date of the beginning of the negotiations, the place of their holding, recommendations on the commission’s composition.
Moreover, it was determined how to analyze and manage cash flows to increase wealth and improve operational efficiency and create competitive advantages. One of the main lessons was the mastery of good financial risk management to protect business owners’ interests. In addition, the analysis of trends, processes, and instruments of the financial market and the search for sound investment decisions were highlighted. The demand for specialists with internationally recognized knowledge in financial management and financial analysis skills, who can work equally successfully both in the multicultural environment of global corporations and in private enterprises, is steadily growing.
One of the essential knowledge was acquiring an understanding of how to draw up tables on the agreement of wage increases and benefits. While attending the class, several abilities were acquired to help in the future profession. The ability to analyze companies’ financial conditions and risks, design new financial instruments and services, and assess their fair value will help to prioritize correctly in a company environment.
The ability to analyze the sources of capital for financing companies and financial institutions and assess the value of the intellectual money of companies and financial institutions will help to evaluate the finances and investments of the organization correctly.