Which parties are involved in a binding arbitration process?

In a binding arbitration process, the primary parties involved are labor unions and management representatives. This process typically arises from disputes regarding terms and conditions of employment, such as negotiations over contracts, working conditions, or grievances.

When an agreement cannot be reached through negotiation, both parties can agree to submit their dispute to an arbitrator who makes a final and binding decision that both sides must accept. This ensures that there is a resolution to the conflict without resorting to strikes or further negotiations, thereby providing a clear and enforceable outcome.

The other parties mentioned, while they may play roles in related contexts (such as government labor boards, family considerations, or public/private sector divisions), do not participate directly as the main parties in the arbitration process itself. Therefore, labor unions and management representatives are the correct parties involved in binding arbitration.