Negotiation: The aim of negotiation is to settle on a disputes and conflicts tha

Question

Negotiation:

The aim of negotiation is to settle on a disputes and conflicts that arise between two parties.

The following explains on the components of negotiating:

Fact- Finding

Conciliation

Mediation

Arbitration

The fact finder would find on the reality of the situation on negotiation. Fact finders act as a neutral for both the parties.

Conciliator will not have legal authority but through communication would solve the disputes.

The mediator will have no link with both the parties on negotiation. So that as a third party facilitator fair decision can be provided.

The negotiation is done through mutual understanding or agreement by the Arbitrator.

The easiest and the most costly negotiation is explained below:

Easiest Negotiation

Costly Negotiation

The Arbitration is the easiest negotiation, as where both the parties can solve their disputes through an agreement or mutual understanding.   

Fact Finder is the costly negotiation, as where the third party needs to be involved and the cost increases to solve the disputes among both the parties.

The following technique would be preferred from the employer and employee perspective:

Fact- Finding

Conciliation

Mediation

Arbitration

The fact finder would find on the reality of the situation on negotiation. Fact finders act as a neutral for both the parties.

Conciliator will not have legal authority but through communication would solve the disputes.

The mediator will have no link with both the parties on negotiation. So that as a third party facilitator fair decision can be provided.

The negotiation is done through mutual understanding or agreement by the Arbitrator.

Explanation / Answer

Please explain the:

1. Different components of negotiating including fact-finding, conciliation, mediation, and arbitration.

2. Identify which is the easiet to conduct and which one is the most costly.

3. Explain which technique would be preferred from the employer and employee perspective.

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