What kind of resolution is sought in labor disputes through conciliation and arbitration?

Conciliation and arbitration are processes used to resolve labor disputes with the goal of finding a solution that is acceptable to both parties involved. In conciliation, a neutral third party facilitates discussions between the disputing parties to help them reach an agreement. Similarly, arbitration involves a neutral third party who listens to both sides and makes a binding decision. In both cases, the emphasis is on collaboration and compromise rather than confrontation. This approach ensures that both parties have a say in the outcome, making it a mutually acceptable resolution.

The focus on mutual agreement in conciliation and arbitration helps maintain relationships and fosters a more cooperative environment in the workplace. This is crucial in labor relations, where ongoing collaboration between employees and management is often necessary. By seeking a solution that both parties can agree upon, these processes help in building trust and encouraging dialogue, rather than escalating conflicts or creating a win-lose scenario where one side is left dissatisfied.