The kind of arbitration in which parties are not committed to accept the award of arbitrator is classified as?
Correct answer: B. non-binding arbitration
- A. binding arbitration
- B. non-binding arbitration
- C. interest arbitration
- D. rights arbitration
Explanation
In non-binding arbitration, the arbitrator gives a decision or recommendation, but the parties are free not to accept it. Binding arbitration makes acceptance compulsory under the agreement.
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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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