What is the purpose of labor arbitration?

Labor arbitration is a formal method of settling labor disputes in New Jersey. It is a process in which a neutral third-party arbitrator decides how the dispute should be resolved. This third party is expected to be unbiased and act as an impartial decision-maker. The purpose of labor arbitration is to avoid costly and lengthy labor disputes. If the two parties cannot come to an agreement on their own, labor arbitration is a way to have a neutral third party make a decision that is legally binding for both parties. This ensures that the two parties can continue to work together and not risk further disagreements. Labor arbitration also ensures that employees are not taken advantage of and that their rights are upheld. It is important that workers have labor arbitration available to them in order to have an impartial and fair decision made. The labor arbitration process is designed to ensure that both parties are given a chance to present their case in an organized and orderly manner. The goal of labor arbitration is to reach an amicable decision that is fair and equitable to both parties. Ultimately, the decision is binding and can mean the difference of a successful business relationship or an expensive dispute. Labor arbitration is an important part of industrial relations law in New Jersey, and serves an important purpose in resolving labor disputes.

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What is the purpose of labor arbitration?

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