Definition Of


 Arbitration is the most definitive type of third-party intervention, in which the arbitrator usually has the power to determine and dictate the settlement terms. Unlike mediation and fact finding, arbitration can guarantee a solution to an impasse. Arbitration may also be voluntary or compulsory (in other words, imposed by a government agency). 

Share it:

More from this Section

  • Human Resources Demand
    Human Resources Demand is the organization’s projected requirement for human resources.
  • Physical examination
    Physical examination is a medical examination performed by a company physician or an independent physician to ascertain whether or not an individual is able to perform the physical requirements of a particular job.
  • Appraisal Interview
    Appraisal interview is an interview in which the supervisor and subordinate review the appraisal and make plans to remedy deficiencies and reinforce strengths.
  • Programmed Learning
    Programmed learning is a systematic method for teaching job skills, involving presenting questions or facts, allowing the person to respond, and giving...
  • Life cycle recruitment
    Life cycle recruitment is a process that begins with an identifiable work need, and then continues through a sourcing and search strategy, then progresses to a pre-qualification and
  • Vertical merger
    A vertical merger occurs when a buyer and a seller merge to achieve the synergies of controlling all factors affecting a company’s success, from the production...
  • Position Replacement Card
    Position replacement card is a card prepared for each position in a company to show possible replacement candidates and their qualification ...