Labor Law

Collective Bargaining Agreement: Contract Negotiation by Labor Unions
A comprehensive look at Collective Bargaining Agreements, detailing their definition, types, legal implications, historical context, and relevance in the modern workforce.
Emergency Leave: Short-term Leave for Sudden Personal or Family Crises
Comprehensive insight into Emergency Leave, a short-term leave provided for sudden personal or family crises, including historical context, key events, types, and applicability.
Employment Protection: Safeguarding Workers' Rights
Regulations concerning the dismissal of workers by their employers, including procedures, reasons for dismissal, and compensation for redundancy or wrongful dismissal.
Front Pay: Future Compensation for Employees
Front pay is future compensation awarded to an employee when reinstatement is impractical, differing from back pay which covers past due wages.
Mandatory Retirement Age: An Age at Which Employees Must Retire
Mandatory Retirement Age is an age determined by employers or legislation at which employees must retire, which is becoming less common due to anti-age discrimination laws.
Prevailing Wage: Average Wage Paid to Similarly Employed Workers in a Specific Area
The prevailing wage is the average wage paid to workers employed in similar occupations within a specific geographic area. This concept is central to labor economics, government contracts, and public policy.
Taft-Hartley Act (1947): A Foundational Labor Law
The Taft-Hartley Act of 1947, also known as the Labor Management Relations Act, imposes restrictions on union practices and expands the scope of the National Labor Relations Act (NLRA) to cover a broader range of unfair labor practices.
Unfair Labor Practice (ULP): Understanding Employee Rights Violations
Unfair Labor Practice (ULP) refers to actions by employers or unions that violate the rights of employees related to organizing and collective bargaining. These practices undermine fair labor standards and disrupt harmonious workplace relations.
Unfair Labor Practices: Actions that Violate Labor Rights
Unfair labor practices encompass actions by employers or unions that infringe upon the rights of employees or employers as delineated under labor law, disrupting fair labor standards and labor relations.
Union Shop Clause: Union Membership Requirement for Workers
A Union Shop Clause requires workers to join the union within a specific period after starting their employment, fostering collective bargaining and labor unity.
Compulsory Retirement: Forced Resignation from Employment
Compulsory retirement, also known as mandatory retirement, refers to the enforcement of an employee's resignation at a specified age, traditionally around 65 years. Federal legislation as of January 1, 1979, prohibits such policies in the private sector.
Disciplinary Layoff: Suspension or Temporary Removal of Worker
A Disciplinary Layoff involves the suspension or temporary removal of a worker as part of a penalty for a violation of work rules on the job, entailing a suspension of all salary payments during the layoff period.
Illegal Strike: Unlawful Work Stoppages and Their Implications
An in-depth examination of illegal strikes, including their legal ramifications, types, historical context, and impact on labor relations and society.
Split Shift: Work Shift Interrupted with an Unpaid Time-Off Period
A split shift involves dividing a worker's scheduled hours into two segments separated by a non-paid break period, often used in industries requiring peak time coverage.
Strike: Organized Work Stoppage by Labor
Organized work stoppage by labor aimed at exerting pressure on management for better contract terms, resolving grievances, or recognizing a union
Union Shop: A Type of Workplace Where Union Membership Is Required
Comprehensive coverage of Union Shop workplaces, where employees are required to be members of a union. This entry explores different types, historic context, comparisons, related terms, and more.
Family and Medical Leave Act (FMLA): Comprehensive Guide and Key Information
An in-depth guide to understanding the Family and Medical Leave Act (FMLA), including eligibility, benefits, limitations, and how it impacts employees and employers.
Understanding Non-Exempt Employee Status: Benefits, Drawbacks, and Job Types
A comprehensive guide to understanding non-exempt employee status, including the benefits, drawbacks, common job types, and an overview of the federal Fair Labor Standards Act (FLSA) requirements for minimum wage and overtime.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.