Conflict can arise in any setting. Maybe you and your spouse are going through a divorce. Perhaps you and a business partner are feuding over the terms of your working contract. Or it could be that one of your employees has accused a colleague of discriminatory conduct.
When disputes arise, there are several options for finding resolution. Litigation is a common course of action. Arbitration is gaining popularity in many employment-related disputes. In today’s post, however, we discuss some of the core benefits mediation has over these other two methods:
- Confidentiality: Many of us value our privacy. If your company is going through a conflict with staff or third parties, you may not want to air your dirty laundry in public. By opting for mediation, you avoid a public trial or hearing. The meeting and the record are private, and what you say is confidential.
- Less risk: With other forms of dispute resolution, you’re taking a bit of a gamble. The outcome of your case is in the hands of a judge or arbitrator. With mediation, however, you maintain greater control over the process. The mediator facilitates negotiation to help both parties reach a mutually beneficial agreement. You’re not forced to agree to anything.
- Time and cost effectiveness: Litigation can cost exponentially more than mediation. The process is also much more drawn out. These factors can make litigation considerably more stressful – and especially disappointing if the decision doesn’t come back in your favor. Mediation is faster, cheaper and ensures that you end up with an outcome that’s acceptable to you.
Hiring a mediator to amicably resolve a conflict can lead to positive results all around. Before rushing into a lawsuit, it’s worthwhile to consider all of your options.