by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What are Golden Handcuffs?Perks and financial incentives offered to employees to stay with a firm are referred to as Golden Handcuffs. Golden Handcuffs increase employee retention rates by locking in the duration of employee stay with a firm. Golden Handcuffs are...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What are Loudermill Rights? Loudermill rights provide a public sector employee the right to a hearing or opportunity to contest the reasons for involuntary termination (firing). How do Loudermill Rights Work? Loudermill rights are also known as Loudermill hearing. The...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Job Accommodation Network (JAN)? A Job Accommodation Network (JAN) refers to a service that is offered by the US Department of Labor under the Office of Disability Employment Policy (ODEP). The network facilitates the employment and retention of employees...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Golden Parachute?A golden parachute is an agreement between a company and its top-level executives which specifies that the executive will receive substantial benefits in case of termination. These are frequently instated to protect the executive during the...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Collective Bargaining Agreement? Collective bargaining is the engagement terms negotiation activities between an employer and a group of employees. The following are some of the terms of employment; working environment, basic salary, extra time bonuses, work...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Cash Balance Plan? Cash balance plan (CBP) refers to a benefit or pension plan that acts similarly as a defined contribution plan. Similar to a traditional pension, CBP provides the workers with the scheme that provides a lifetime annuity. However, contrary...
