by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Fixed Annuitization Method?The Fixed Annuitization Method is one of the methods through which individuals retiring before the age of 60 (early retirees) can withdraw their retirement funds without any penalty by the IRS. This method distributes funds from...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Federal Employee Retirement System (FERS)?The Federal Employee Retirement System (FERS) is a retirement system for Federal civilian employees in the United States. This system offers a three-tier retirement plan that covers employees with the Civil Service...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Cash Allowance?Employees of companies are entitled to certain allowances to cater for expenses such as travel expenses, accommodation, wardrobe, medical expenses, and others. When a company pays out such allowance in cash rather than reimburse them at a...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Catch-Up Contribution?A catch-up contribution is retirement savings contribution approved and regulated by the Internal Revenue Service (IRS). This retirement savings contribution is designed for individuals who are at least 50 years of age and have a 401(k)...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Presenteeism?When employees encounter problems such as injuries, chronic physical or mental illness, use or abuse of medications or drugs, external stress or other difficulties in the employees personal life; they become partially functional in their...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Glass Ceiling?The glass ceiling refers to a barrier that makes professional advancement difficult for a section of employees. The glass ceiling often affects women and the minority section of employees. This term is a metaphorical term that denotes an...
