agency shop

Definition

A working environment where employees are required to pay union fees, even if they are not union members. The agency shop typically requires such payments to cover the relevant union's services in contract negotiations, settlement of grievances and general administrative procedures.

Related Videos




http://www.businessdictionary.com/definition/agency-shop.html

Mentioned in these terms

Today's Top Bulls

73% Bullish
(95 Votes)
70% Bullish
(70 Votes)
69% Bullish
(49 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z