by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Department Of Labor (DOL)? The Department of Labor is a cabinet-level department of the United States Federal government overseeing the matters related to labor and promoting healthy working condition for the workers. It is responsible for administering...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Acceptable Use Policy (AUP)?Acceptable Use Policy (AUP) has diverse meanings depending on its context of usage. In this context, it is defined as a guide containing some set of rules that employees must obey while discharging their duties. It is regarded as...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Burden Rate (Costs)?Indirect costs related to employees beyond gross compensation or payroll costs is the burden rate. The labor burden is the dollar amount for every dollar of wages. For instance, a burden rate of $1.00 means that you are spending $1.00 on...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Succession Planning?Succession Planning is a key attribute that every company must exhibit at a point in time. This is a strategy that enables the management of a company decide on and develop people that will move up to key posts when some officials leave....
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Gain Sharing Plan?A gainsharing plan is a type of management scheme that a firm utilizes to increase profitability by increasing the employees’ financial and emotional stake in the success of the business. It involves offering employees financial...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Stock Option?Stock Options are units of shares that are sold or purchased at a predetermined price within an agreed upon duration. Traders can exercise these options but are not obliged to buy or sell them. Stock Options make up a large chunk of shares...
