Business Law: Fact-Finding And Labor Relations

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Fact-finding is "a third-party dispute resolution method in which a neutral third party investigates a bargaining impasse and issues nonbinding recommendations for a settlement" (Budd, 2017). Fact-finding is important to labor relations because it allows unbiased settlement terms, management and the union to not appear weak because they are following the suggestions made by the third-party, and lastly publicity might drive the parties to settle the dispute in order to save face with the public (Budd, 2017). The purpose that fact-finding serves is to hear an unbiased party's thoughts and opinions on how to resolve a labor relations dispute. A third-party can offer unbiased opinions and options to help both sides involved decide on a plan

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