To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Arbitrator and mediator are those persons whose work is to settle the dispute between two parties. Arbitrator and mediator help in settling the case outside the court of law.
Answer to Problem 1CE
Arbitrator and mediator help in solving the dispute outside the court of law. Arbitrator and mediator should be good listener, speaker, have problem solving ability and should have quick learning ability. The median hourly wage rate in this career is $29.17 and median annually wage rate is $60,670. The opportunity outlook for the career is that is projected to grow by 10% from 2016 to 2026.
Explanation of Solution
Arbitrator and mediator help different parties that are dispute to find a solution of their problem outside the court of law. The skill set which an arbitrator and mediator require is mentioned below:
- Knowledge of law,
- Negotiation power,
- Good listener,
- Good speaker,
- Problem solving ability, and
- Quick learner.
The wage rate of an employee working in this career is:
- Median hourly wage rate is $29.17.
- Median annual wage rate is $60,670.
The opportunity outlook for the career is that it has chances to grow by 10% from year 2016 to 2026. The growth rate of occupation is more than the average growth rate of other occupations.
Want to see more full solutions like this?
Chapter A Solutions
UNDERSTANDING BUSINESS LL W/CONNECT
- Can you guys help me with this? Thank you! What did you learn this semester for Fall 2024? How do you plan to utilize this content in your real life in your professional and personal career? Please describe a concept and apply how you will use it in your professional career. Here are what I learned from this semester: Contingency Factors include size, organizational technology, the external environment, goals and strategy, and organizational culture. The Triple Bottom Line includes the three Ps: People, Planet, and Profit. Intergroup Conflict Here are three sources that help to work on this question: Article Influence of contingency factors on the socioeconomic performance of local governments by Clovis Fiirst & Ilse Maria Beuren Article Triple Bottom Line toward a Holistic Framework for Sustainability: A Systematic Review by Vittoria Loviscek The book chapter (5. Intergroup Conflict) from The Resolution of Conflict: Constructive and Destructive Processes from Morton Deutscharrow_forwardLate Night Cookies spends $160 on ingredients and boxes to make 100 boxed orders of cookies. This means that the variable cost per box of cookies is $1.60. It sells a single box for $8. Its monthly fixed cost is $653. Use the information above to help you fill out the break-even formula below. A blank formula to find break-even units Hint Submit HINT 1 First, identify your total fixed costs. It says in the problem that your fixed costs are $653.arrow_forwardCould you please explain the answers of each column to this question in detail according to the answer table I provided? Why the critical path will change, how the project duration will change and why the free float and total float are those number listed?arrow_forward
- How would the critical path, float and project duration change if: Situation 1 2 3 Description D starts 3 days after A starts B can start 2 days after A starts F can start 5 days after D starts Dependency Will Critical Path Change? Project Duration Total Float Free Float On D On D On B On B On F On Farrow_forwardIs Collaboration and project management skills are critically important in Professionals in HRIS?arrow_forwardPlease original work Propose a customer relationship management program to upper management, at a fictional company, touch on the basic rationale for CRM and the IDIC model. Anticipate questions from upper management such as: What kind of organizational commitment to CRM is needed? What is the makeup of the project team? What business needs analysis must be undertaken? What is the value added to the firm and to our customers of a CRM strategy? Please cite in text references and add weblinksarrow_forward
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON