Arbitrators prevent and solve disputes between organizations and people. An arbitrator evaluates evidence and applies policies, laws and regulations in order to make a decision. Arbiters assist in negotiations. The participants that hire the services of an arbitrator are required to agree to follow the arbitrators final decision. Their services are an alternative to using law suits for settling disputes.
Arbitrators are typically lawyers or businesspersons that have expertise in a specific field. Some specialize in the field of labor arbitration and bind management and labor to specific terms and conditions of a labor contract.
Mediators help people resolve disputes. Mediators may represent one or both parties in a dispute. Mediators represent businesses, labor unions, government and people involved in divorce and custody battles. They provide suggestions, however the two parties make the final decision.
- Talk to people in order to learn the needs, concerns and interests of the participants
- Collect information and evidence in order to understand the issues and possible outcomes
- They should not favor one participant over the other participant
- Make sure everyone involved understands the arbitration process
- Coordinate meetings and hearings
- Study similar disputes in order to make a decision
- Interview witnesses
- Determine if exceptions and evidence will be allowed
They should have strong morals and ethics. They also need good speaking and writing skills. Since they make decisions that are legally binding they need to be accurate in their work. Arbiters deal with all types of people.
The projected job growth is expected to be average for arbitrators from 2006 to 2016. Law firms will be one of the fastest growing sectors for arbitrators. A lot of people choose to settle out of court since arbitration typically costs less which increases the demand for arbiters. In addition, the median annual earnings for arbitrators, mediators and conciliators in 2008 was $50,650.
Education, Certification, and Licensing
Typically, arbitrators have earned a bachelor's degree or higher. Bachelor's degrees in business, public policy and social work are beneficial. Law degrees and master's degrees in conflict resolution are useful in the profession.
Numerous universities provide a master's degree in arbitration and conflict resolution. Professional associations provide specific training. Experience in law and business can help prepare a candidate for an arbitrator career.
Local and state governments typically require a bachelor's degree. Each state has its own requirements. Some states require an arbitrator to be an experienced lawyer.
Helpful courses for the occupation are law studies, consumer law, business law, public speaking and psychology.
The top job providers are local and state government agencies, law offices, and political, labor and business organizations.
Schools for Arbitrators And Mediators are listed in the Browse Schools Section.