The difference between binding arbitration and advisory arbitration

What is the difference between binding arbitration and advisory arbitration? Why do some consider “advisory arbitration” to be a misnomer? 7.2. Why do many employers who are not unionized require their employees to sign pre-employment arbitration clauses​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌?

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