by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Peter Principle?The Peter Principle refers to an observation that the likelihood in most organizational hierarchies, like that of a corporation, is for all employees to rise in hierarchy via promotion until they attain a level of respective...
by TheBusinessProfessor | 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 TheBusinessProfessor | 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 TheBusinessProfessor | 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 TheBusinessProfessor | 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 TheBusinessProfessor | 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...
