Arbitration is a long-standing alternative to court-based litigation. For example, the first institute for arbitration in Denmark was set up in Copenhagen in 1894. The process has a number of variant forms but, in essence, nominated third-parties (arbitrators) can make decisions which are binding on the parties to a dispute. Arbitration procedures can range between the informal and more rule-based systems that are similar to court procedures. Generally, arbitration is seen as providing such benefits as confidentiality, flexibility, speed and relative cheapness.
See also:
Based on the glossary section of Human Resource Management in a Business Context, 3rd edition.
Human Resource Management in a Business Context, 3rd edition
by Alan Price
Human Resource Management in a Business Context provides an international focus on the theory and practice
of people management. A thorough and comprehensive overview of all the key aspects of HRM, including articles from HRM Guide and other sources,
key concepts, review questions and case studies for discussion and analysis.
More information and prices from:
- British pounds
- US dollars
- Canadian dollars
- Euros
- Euros
Contact
HRM Guide