Industrial arbitration is a type of arbitration to prevent or settle labor disputes that may arise between an industrial employer and a union, union member, or union representative to prevent legal action taking place and finding less costly ways to settle disputes.
Taking an issue to court or a breakdown of negotiations can be dangerous for both management and labor, and as such parties are often willing to negotiate and plead their cases with a third party arbiter to come to fair decisions. Industrial arbitration refers to this process taking place in which labor and management will sit down and solve a dispute.[1]
This process often benefits the employer because it reduces the chances of a strike or legal action, and benefits the employee because it allows them more bargaining power and prevents mass layoffs in a dispute. However, at times the government has been known to step in regardless of arbitration clauses and force its own remedies.[2][3]
See also edit
References edit
- ^ Masse, Robert Jr. "History of Arbitration and Grievance Arbitration in the United States". West Virginia University Extension Service Institute for Labor Studies and Research.
- ^ Elkouri, Frank (1985). "How Arbitration Works". Literary Licensing, LLC.
{{cite web}}: Missing or empty|url=(help) - ^ Bognanno (1992). "Labor Arbitration in America". National Academy of Arbitration.
{{cite web}}: Missing or empty|url=(help)
External links edit
- Charles F. Gettemy (1920). . Encyclopedia Americana.
 | This labor-related article is a stub. You can help Wikipedia by expanding it. |
 | This legal term article is a stub. You can help Wikipedia by expanding it. |