by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Multinational Pooling? Multinational pooling refers to a process that international organizations follow to control the risks associated with their employee benefit plans globally. In this case, they merge several employee benefit programs and create an...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Occupational Labor Mobility?Occupation labor mobility is the potential of working class for making a switch between their careers. The objective behind switching is to get a more alluring employment opportunity or match up with labor requirements. The more the...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Absenteeism?Absenteeism refers to a habitual pattern of absence from a job without a proper acceptable reason. It is non-presence of an employee at their workplace, beyond the normal vacations and leaves for valid reasons. Absenteeism may indicate to job...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Accounting-Based Incentive?An accounting-based incentive is a type of compensation that is offered to C-level executives (high-ranking executives) of business firms based on certain long-term performance indicators set by the companys management. Typically,...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Benefit Allocation Method? The benefit allocation method refers to a way through which companies fund an employee pension plan. For each year, only one premium payment is made and it’s utilized to buy a single benefit. Usually, the plan states that...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Accumulated Benefit Obligation? An Accumulated Benefit Obligation (ABO) is an estimate of the present value of retirement benefits or pensions that an employee is entitled to when current compensation levels are used. ABO is used when a retirement or...
