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Labor Relations Arbitrator

Real-Life Activities

Real-Life Math

Math skills are an important part of an arbitrator's job. People in this field have to deal with salary negotiations and other such figures all the time. "Arbitration takes a very analytical mind," says Trevor Petit.

You're an arbitrator working on a dispute between a group of employees at a lumberyard and their employer. The employees are entitled to an annual increase of 3 percent. The employer is fighting this.

You conclude that he isn't allowed to fight this and tell him he'll have to pay up. Now the employer wants to know how much more money he's going to have to spend on labor costs this year.

Right now, his labor costs are $789,000 per year.

Figure out how much more this employer is going to have to pay to uphold his end of the agreement.

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    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.