Reference no: EM131021020
In employment disputes most employers rather use arbitration over litigation any day because of the time and money they say. Arbitration was designed as an alternative to litigation because it is generally considered to be less expensive and less time consuming. To facilitate the arbitration process, a written agreement must be entered into that provides for the selection of an arbitrator and the legal issues that he or she may deliberate. An arbitrator examines documents and listens to testimony. Then he or she grants an award based on a factual determination. An arbitrator must be impartial. The arbitrator's award is binding on both parties and may be overturned by a court only where the arbitrator acted out of self-interest; the decision was procured by fraud or corruption; the arbitrator exceeded his or her powers; or the decision was made with a manifest disregard for the law.
Employment Practices
The employment practices in the Timothy Reverson case scenario, appears to
Was it legal and ethical for the company to terminate Timothy Reverson over his pay raise argument?
Element of Law
What elements of law are important for Timothy Reverson to consider in advancing his case?
What elements of law are important for the company to consider in defending its position, including that of forced arbitration?
Evaluation of Company's Actions
Evaluate the actions of the company in this situation.
Prevention - What could have the company done to prevent the situation. What more could the company do to ensure that this type of situation would not occur in the future?
Implications and Consequences - What are the broader implications of this situation for the company? What consequences can occur to the company?
Resolution -
What resolution to this situation might a Human Resource Director suggest other than forced arbitration and the company lawyer's motion to dismiss?
Issues such as corporate culture, progressive discipline, other types of alternative dispute resolution, company brand and reputation, and any strategic steps are considered.
How large of a sales increase can the company achieve
: Charles Morris Builders Corporation (CMBC) generated $2 million in sales during 2015, and its year-end total assets were $1.5 million. Also, at year-end 2015, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of acc..
|
Need to raise in order to build your shipping terminal
: Suppose your firm needs to raise $10.5 million to construct a new shipping terminal. As CFO, you plan to raise funds in the following manner: a. 60% of the funds will be raised by selling long term debt (bonds) b. 40% of the funds will be raised by r..
|
What is the amount of the last dividend paid
: A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?
|
A stock is expected to pay an annual dividend
: A stock is expected to pay an annual dividend of $4 each year into indefinite future. Rates of return on equally risky assets are 5%. Stock price=$100. Is there a bubble on this stock? How do you know? How big is bubble? To be consistent with no arbi..
|
What elements of law are important for timothy reverson
: What could have the company done to prevent the situation. What more could the company do to ensure that this type of situation would not occur in the future?
|
How much is the stock currently worth
: Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $2.2 per share dividend in 8 years, and you expect dividends to grow perpetually at 3.2 percent per year thereafter. If the discount rate is 14 perce..
|
What amounts should be recorded as the initial values
: What amounts should be recorded as the initial values of the land and the building?
|
Rate of growth thereafter similar to that of economy overall
: You are considering buying stock in Biqing, Inc., a West Texas company that provides PPO medical services. The dividend just paid (i.e., D0) was $1.00 and is expected to increase by 20% per year for two years. Growth will then slow to 10% per year fo..
|