Question

The management at lks inc., a firm manufacturing hard disks, is involved in a dispute with the union members representing its employees. the management and the labor union do not seem to agree on the amount of compensations that needed to be paid to employees. failing to arrive at a compromise, the disputing parties involve a third party to resolve the issue and offer a solution to the problems. the solution provided by the third party is open to the approval of both parties involved and is not likely to be binding. the third party in the given scenario best represents a(n):

Answer 1

The third party that the labor union members and LKS Inc. would need is a mediator.

A mediator is someone who helps with resolving conflicts between two group members or more by using certain communication and negotiation skills. A mediator must be a neutral party that are not associated with any of the parties involved in the conflict. In the context of law, mediator is part of fours way of coming to a resolution known as alternative dispute resolution, together with negotiation, collaborative law, and arbitration.