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who are signing bonuses awarded to?
Top executives, upper management, middle management, and professional staff
Why organizations offer Signing bonuses?
Beat competition
Skirt internal salary equity practices
Compensate you for foregone income
3 common procedural techniques
Mediation
Fact Finding
Interest Arbitration
Mediation
Widely used
Used in collective bargaining process
acts as a facilitator for the parties in the negotiation
Relies heavily on their communications and persuasion skills
Role of the Mediator
Assist the bargaining parties reach a settlement
Narrowing parties differences over open issues
Build trust levesl to obtain confidential bargaining information to better understand motives and limits
If interest based bargaining is used, the mediator will:
Serve as a facilitator
Assist parties in generating options
Suggest the formation of subcommittees if appropriate
Offer suggestions
Be alert for signs that the process is reverting back to adversarial negotiation
The mediation Process in Collective Bargaining
Gain acceptability
Probing for potential compromises
Drive toward settlement
Fact Finding
Gather facts
Make reports or announcements
Recommends appropriate settlement
record success
Resolve certain disputes
Interest Arbitration
A settlement is imposed
Common in the public sector; Rare in the private sector
Commonly used in the public sector in the absence of the right to lockout and strike
Rarely used in the private sector
Hired to impose a settlement
Empowered to set the terms of the contract
4 types of Interest Arbitration
Voluntary
Conventional
Compulsory
Final offer
Voluntary Arbitration
Parties agree to utilize if they can’t reach an agreement on their own
Conventional Arbitration
The arbitrator is free for craft an award without any restrictions
Compulsory Arbitration
Parties are required to use it if they can’t reach agreement on their own
Final Offer
The Arbitrator must choose either the Union’s or management’s last, best & Final offer
two arbitration that are used in the public sector
Compulsory and Final offer