To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Arbitrator and mediator are those persons whose work is to settle the dispute between two parties. Arbitrator and mediator help in settling the case outside the court of law.
Answer to Problem 1CE
Arbitrator and mediator help in solving the dispute outside the court of law. Arbitrator and mediator should be good listener, speaker, have problem solving ability and should have quick learning ability. The median hourly wage rate in this career is $29.17 and median annually wage rate is $60,670. The opportunity outlook for the career is that is projected to grow by 10% from 2016 to 2026.
Explanation of Solution
Arbitrator and mediator help different parties that are dispute to find a solution of their problem outside the court of law. The skill set which an arbitrator and mediator require is mentioned below:
- Knowledge of law,
- Negotiation power,
- Good listener,
- Good speaker,
- Problem solving ability, and
- Quick learner.
The wage rate of an employee working in this career is:
- Median hourly wage rate is $29.17.
- Median annual wage rate is $60,670.
The opportunity outlook for the career is that it has chances to grow by 10% from year 2016 to 2026. The growth rate of occupation is more than the average growth rate of other occupations.
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Chapter A Solutions
Understanding Business
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