The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: ncornilsen on October 03, 2016, 03:16:24 PM
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My company is trying to enroll everyone in a new dispute resolution policy. The gist is that the company and the employee agree to be bound to the decisions of a arbitrator, who the company pays for. The employee cannot be part of or initiate a class-action suit against the company, nor can they seek remedy in the court system.
We are allowed to opt-out, which is my inclination.
Apparently these are common? Does anyone have any experience dealing with a dispute that was required to go through arbitration?
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The New York Times published a series last year about the rising popularity of arbitration that would scare most people into opting-out, if they weren't already inclined to do so.
Here's part one, if anyone's interested:
http://www.nytimes.com/2015/11/01/business/dealbook/arbitration-everywhere-stacking-the-deck-of-justice.html
The articles detail all kinds of arbitration, not necessarily workplace contracts.
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Thank you.
The more I read about how prevalent this is, the more dismayed I am.
How can one opt out of these things? My employer offers me the option to do so, but what about everything else?