| "Mediation" is a process in which a
neutral person or persons facilitate communication between disputants to
help them in reaching a mutually acceptable agreement.
"Arbitration" is a process by which
parties voluntarily submit their disputes for binding or non binding
resolution by one or more impartial third persons instead of by a judge
or jury.
Any company that does not include a mandatory
Mediation or Arbitration Agreement to every new and existing employee is
tempting a major lawsuit. Inclusion of a Mediation or Arbitration
Agreement can save a company endless amounts of money that is lost
without one. It can save the company from huge attorney fees, ever
increasing Court costs, increased insurance premiums after large
settlements or awards, as well as save the company money in lost
employee production time spent in preparation for litigation.
A mandatory Mediation or Arbitration Agreement is
a necessity in every company's employee
handbook.
Employee
Policy : Questions & Answers |