What term refers to an attempt between union and management to resolve conflicting interests?

The term that best refers to an attempt between union and management to resolve conflicting interests is collective bargaining. This process involves negotiations between representatives of the employees (usually union representatives) and the employers to reach an agreement regarding working conditions, wages, hours, benefits, and other employment-related issues.

Collective bargaining is essential in the labor relations framework as it allows both parties to discuss and negotiate terms that aim to balance the needs of the workforce with the operational and financial realities of the employer. This collaborative effort seeks to achieve a mutually beneficial agreement, reducing the likelihood of strikes and instilling a structured process for addressing employee grievances.

The other terms provided are related but do not encompass the full scope and formalized nature of the process as collective bargaining does. For instance, negotiation can occur in various contexts but does not specifically refer to union-management interactions. Dispute resolution typically applies after conflicts arise and focuses on resolving those specific disputes, rather than the proactive process of negotiating an agreement. Collaborative agreement also suggests teamwork but lacks the formalized context of labor negotiations specifically aimed at setting work conditions through collective bargaining.