Why is arbitration considered beneficial in dispute resolution?

Arbitration is recognized as a beneficial method of dispute resolution primarily because it significantly reduces the time and costs associated with litigation. Traditional court proceedings can be lengthy, often taking months or even years to reach a resolution. In contrast, arbitration typically results in a faster outcome because the process is streamlined. Parties can agree on specific timelines for hearings and decisions, which eliminates many delays common in the judicial system.

Additionally, arbitration often involves lower costs than going through the courts. The fees for court proceedings, including attorney fees, filing fees, and other associated costs, can accumulate quickly. Arbitration usually has a more straightforward fee structure, which can be more economical for both parties involved.

In contrast to this choice, the other options do not accurately capture the primary advantages of arbitration. While any party can request arbitration, this is not necessarily a defining benefit of the process itself. Guaranteeing a win for the employee or being held in public court are not characteristics of arbitration; rather, arbitration usually maintains confidentiality and does not guarantee favorable outcomes for any party.