Andrew P. Sherrod is a partner and co-chair of the Employment Law Practice Group at Hirschler Fleischer (Richmond, Va.). He helps businesses across the country to navigate complex employment law issues. He may be reached at (804) 771-9575 or by email at [email protected].
Hiring and retaining capable executives who will drive performance can be a daunting task for any company. It is important to incentivize management employees to meet their goals while also protecting the business from poor performance and incidents of misconduct.
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In many cases it's preferable for an employer to resolve a dispute via arbitration rather than in court. But that's not at all true across the board. Having an arbitration agreement in place doesn't entirely protect an organization from going to court when employment practices are called into question. And it's not always cheaper to go the arbitration route, either...
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