Arbitrator responsibilities involves an arbitrator who resolves and settles the dispute or disagreement that exists between the two parties in a legal manner. He is like a neutral third party who makes the proceedings less expensive and avoids the lengthy court procedures. An arbitrator may need to function in commercial disputes, labor disputes, family disputes, consumer disputes, etc. It involves the use of evidence in a less formal way so as to arrive at a decision which is binding on both the parties involved.
Key Responsibilities of an Arbitrator
An arbitrator is usually an attorney or retired judge who has sufficient expertise in the relevant field and is usually appointed by mutual consent by both the parties involved in the dispute. Both the parties present their evidences and other relevant documents to this arbitrator. Here is a list of key responsibilities that need to be handled by an arbitrator:
He also needs to perform some additional duties which are as under:
Essential Skills of an Arbitrator
To be a successful arbitrator you need to have some of the following skills:
Educational Requirements for an Arbitrator
A bachelor's degree or advanced training related to the law will prove to be of great help. A master's degree in conflict or dispute management will surely be an added advantage. A good background in public policy or law would be better to increase the chances of getting the job as an arbitrator.
Salary Details and Work Hours for an Arbitrator
The salary is totally dependent on the kind of experience and the educational background that one has in the relevant field. The work hours for an arbitrator mostly last for thirty five to forty hours per week. He may need to extend his work hours occasionally.
Career Advancement Opportunities for Arbitrator
The employment opportunities are going to increase for the arbitrators. So the advancement opportunities really depend on how you present yourself during the arbitrations. Additional training will help you to progress more speedily.
A detailed information on the arbitrator responsibilities, skills and academic requirements will help you in understanding and getting the job of an arbitrator more easily.