by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Unit Benefit Plan?A unit benefit plan is a plan that determines how much an employee will be paid in an employer-sponsored plan. This also determines the amount of money that an employer will contribute to benefit plan. The unit benefit plan calculates the...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Human Resource Planning?Human Resource Planning (HRP) refers to a strategic and systematic planning of a company’s employee assets to meet the demands of the company in the future and present time. HRP is a continuous process of identifying what the...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is Deferred Compensation?A deferred compensation refers to a compensation scheme in which a portion of an employees income is separated to be paid on a later date. The payment of a deferred compensation is delayed until a future date. Employee stock option plans,...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
How are Investment Managers Compensated?Performance-based compensation refers to a type of compensation that portfolio managers tend to receive. Mutual funds that are associated with performance-based compensation may charge a managerial fees of 0.2%. Talking about...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Pension Plan?A pension plan refers to a retirement fund where an employer contributes into an account that has funds for offering retirement benefits to his or her employees. The employer invests these funds on behalf of employees or workers, and the income...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What are Right-to-Work Laws?The right-to-work law is a law that states that workers have the right to work in workplaces without joining the union or being unionized. This law prohibits workers from being prevented from engaging in employment because they have refused...
