Employee retirement benefit. A trust account the employer contributes to and earns taxable income deduction. The employees earn interest and employer contribution but are taxed on both. When receiving retirement, […]

Awarding employees for achieving planned objectives, encouraging repeat performance and higher achievement by other employees. Management and employees in the workplace plan rewards for reaching specific goals and producing high […]

Current employees are encouraged and rewarded for having a recruit they introduced being hired by the company.

Involves decisions, conflicts, resolutions, improvements , and issues. Management and employees exchange mutual concerns and ideas in the workplace.

Legal rules and constraints for corporate and union pension plans that mainly controls investment activities and changes.

Legal obligation making employees accountable for the proper management of pensions and benefits liable.

Employer-provided, web-based system for employees to manage their personnel and payroll information . Access is given on earnings, taxes, benefits, direct deposits, retirement fund allocations, and vacation leave balances. Tax […]

a plan that provides for a retirement benefit by the employee buying a stake in the corporation .

Qualifying employees earn permission to buy specific numbers of the firm’s common stock as ordinary shares at a discount . Considered to be an incentive program. Known also as stock […]

In the United States , a program where a company provides shares of its COMMON STOCK to employees through a TRUST. The program builds employee ownership and aligns employee/investor interests, […]

Employee benefit as an employer established trust fund. A trustee is accountable for managing this trust and its assets. The company is the grantor and the beneficiaries are the employees.

To maximize the efficiency of a company’s employees, a plan is prepared. Using a variety of methods, the company seeks to insure employees are not wasting time on less profitable […]

Background and resume checking service to verify what a potential employee presents in an interview. Includes previous employers or potentially important background data that an employer might need to know […]

Examples are medical care or other benefits. Illness, death, or unemployment are situations that may be covered and offered to policyholders and their dependents for services or benefits. These may […]

Malaysian retirement plan for the private and public sectors. Employees Provident Fund (EPF) Act of 1991 made it law. Employees save a portion of their salary for retirement, disability, sickness […]

Pensions or profit sharing are financed as trusts.

One who employs the services of others; one for whom employees workand who pays their wages or salaries.

Employer-paid portion of a plan’s cost. Typically, only a fraction of the cost.

Known also as employer sponsored retirement plan .

An IRS-generated, unique identifier (ID) used to identify an entity that potentially owes taxes. Businesses, partnerships, or other entities are required by law to have such an ID.

Illegal actions by an employer on its employees. Category of unfair labor practices as described in National Labor Relations Act Section 8(a). Coercing, interfering with, or restraining employees from exercising […]

Managed under employer expectations to its employees’ benefit. Often includes a defined contribution partially or fully funded by the sponsoring employer. Contributions are typically deductible for both employer and employees […]

Accountability legally held against an employer. Employer’s negligence is cause or the employee to take legal action . Intent is to recover damages for harm arising from an accident occurring […]

Required by some jurisdictions, this policy covers accountability legally held against an employer for harm arising from an accident occurring during run-of-day employment.

Coverage for the employee using a personal car for work-related business. Insurance covers employer liability.