What are the three steps of a bargaining agreement?

The three steps of a bargaining agreement typically involve mediation, fact-finding, and arbitration.

Mediation is a process where a neutral third party is brought in to facilitate discussions between the negotiating parties, helping them to reach a mutual understanding and prevent escalation of disputes. If mediation does not resolve the issue, a fact-finding process may be initiated where an independent party investigates the facts of the situation. This party provides a report that can help inform both sides about the strengths and weaknesses of their positions. Finally, if the disagreements persist, arbitration is utilized, in which a third-party arbitrator makes a binding decision on the terms of the agreement, which must be adhered to by both parties.

This structure is crucial because it provides a systematic way to resolve disputes in a bargaining context, ensuring that both sides have the opportunity to present their cases and work toward a resolution in an organized manner.