What is the purpose of labor arbitration?

Labor arbitration is a process that is used to resolve disputes between employers and employees in New Mexico. The purpose of labor arbitration is to settle disputes between employers and employees in a manner that is fair and impartial. Labor arbitration involves having a third-party arbitrator, who has no vested interest in either the employer or the employee, review both sides of the dispute in order to reach an equitable resolution. The main purpose of labor arbitration is to protect the rights of both employers and employees in New Mexico and to ensure that labor laws are being followed. This process helps to keep disagreements between employers and employees from becoming too heated, as disputes are handled in a more formalized, structured setting. Additionally, arbitration can be used to resolve contract disputes between the two parties, as well as to resolve issues related to wages and benefits. The decision of the arbitrator is binding, meaning that both parties must honor the decision. Labor arbitration helps to resolve disputes quickly and prevents costly court cases. It also provides a more neutral platform for employers and employees to work out their differences, rather than relying solely on the legal system.

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What is the purpose of labor arbitration?

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