Using the information below, draw a bargaining model to the problem that NUTRIASIA faces:

• The bargaining model is a useful technique for resolving disagreements between two parties. In this instance, the two parties involved are NUTRIASIA and its staff. The model may be used to establish what each party wants, what each party is prepared to give up, and how to achieve a mutually acceptable compromise.
• Before using the negotiating process, the employer and the workers must determine what they want. The corporation may want the workers to agree to a set pay, whilst the employees may want improved working conditions. Once both parties have stated their desires, they may begin negotiations.
• Both the corporation and the workers must be ready to make concessions in order to achieve a compromise. The corporation may be ready to forego a greater compensation in exchange for a longer work week from the workers. The workers may be ready to sacrifice a portion of their perks in exchange for a reduced work week.
• Once both parties have established what they want and what they are ready to give up, they may begin negotiating an agreement that is acceptable to both parties. If the corporation and the workers can achieve a mutually agreeable arrangement, the disagreement may be resolved and both parties can go ahead.

Explanation:

• A bargaining model is a negotiating process between two parties in which each side seeks the best possible result for themselves. In the context of industrial relations, bargaining model refers to the negotiating process between an employer and its workers, in which each side seeks the best possible conclusion for oneself.
• Typically, the negotiation model has four stages:
• 1. Pre-negotiation 2. Discussion 3. Post-negotiation 4. Implementation
• During the pre-negotiation phase, the parties participating in the negotiating process determine their respective aims and objectives. The parties will share information at this stage.
• Parties participating in the bargaining process strive to achieve an agreement on the terms and circumstances of the employment relationship during the negotiating phase. Typically, this phase entails a time of negotiation and compromise.
• In the post-negotiation phase, the parties engaged in the negotiation process sign the final agreement. The parties will share information at this stage.
• The stage of implementation is when the terms and conditions of the employment relationship are implemented. Typically, this phase encompasses a time of adaptation and implementation.