by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Organized Labor? Organized labor refers to an association of workers coming together as a legal and recognized entity in a particular industry or sector. Organized labor is otherwise referred to as a Union or a Trade union. Organized labors are formed as...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Remuneration?Remuneration refers to the compensation made to someone in exchange for services provided during the course of employment. A persons salary, bonuses, if any, and economic advantages are all considered to be a part of remuneration.When Someone...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Top Hat Plan?A top hat plan refers to a kind of a non-funded plan sponsored by the employer of a company. Its aim is to offer deferred payments to the employee group meeting specific criteria. Usually, top executives and directors are members of a top hat...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Ex Gratia Payment?Ex-gratia is a Latin word that means favor or goodwill. An ex-gratia payment of ex-gratia settlement that an employer, government, or insurance agency gives to a person as a sign of goodwill, rather than as a liability or an obligation....
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Nondiscrimination Rule? A nondiscrimination rule refers to a provision in qualified retirement plans that prohibits a company or an employer from treating employees unequally. The nondiscrimination rule is a rule that maintains that all employees in a...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
Who is an Exempt Employee? According to the Fair Labor Standards Act, an exempt employee is an employee that is not qualified for minimum wage or overtime payment. The main reason for these employees being exempt by the Fair Labor Standards Act (FSLA) is that this set...
