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Arbitration agreements: Draft legal pact to stay out of court

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in Employment Law,Human Resources,Leaders & Managers,People Management

THE LAW. Alternative dispute resolution (ADR) is a less costly way of resolving employment conflicts than going to court Also, good ADR programs often end up being a more peaceful forum for airing and resolving problems, which can ease tensions and boost productivity.

ADR can take several forms, such as using a neutral ombudsmen, relying on a peer-review committee, engaging in mediation between parties or arbitration. The ultimate goal: resolve the dispute without costly litigation. Because arbitration tends to be the most attractive method for employers, this article focuses on its structure, risks and benefits.

Arbitration agreements generally work like this: Disputes are submitted to an impartial arbitrator for final and binding resolution. When employees sign mandatory arbitration agreements, they agree to arbitrate employment-related disputes as a condition of employment. By signing such pacts, employees forfei...(register to read more)

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