In arbitration, dispute parties no longer accord with agreement, willing to change the existing agreement, known as?
Correct answer: C. interest arbitration
- A. binding arbitration
- B. non-binding arbitration
- C. interest arbitration
- D. rights arbitrationLegal Services
Explanation
Interest arbitration applies when the parties seek to establish or change contract terms because the existing agreement no longer satisfies them. Rights arbitration deals with interpreting rights already created by the agreement.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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