by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Employee Contribution Plan?An employee contribution plan is a savings plan that enables employees to keep a certain portion of their monthly or bi-weekly income aside as savings in an investment account. Though the federal government has imposed specific...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Claim of Wrongful Termination?An employee who was unlawfully dismissed from work can file a wrongful termination claim. When an employer illegally terminates the job of an employer which is contrary to the terms of the employment contract, wrongful...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Certified Employee Benefit Specialist?A Certified Employee Benefit Specialist (CEBS) is a professional designation issued to specialists who have shown competence in handling benefits packages for companies. As part of handling employee benefits for...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a Labor Union?A trade union is another term for a labor union. This refers to an organization which represents the workers’ collective interests. The labor union assists workers come together to negotiate with employers over hours, benefits, wages, and...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is a DB(k) Plan?The DB(k) plan is a conglomeration of the features of the 401(k) plan and the qualities of the defined benefit (DB) plan. It is a special type of retirement plan for employers. The DB(k) plan allows a company or an employer to set aside funds that...
by TheBusinessProfessor | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is an Accountable Care Organization?Accountable Care Organizations (ACOs) are networks of doctors, hospitals and other healthcare providers that voluntarily collaborate in order to provide coordinated, high-quality and cost-effective care to patients. ACOs came...
