Back Pay

Back Pay
Back pay refers to compensation owed to an employee for work performed in a previous pay period, typically resulting from payroll errors, disputes, or legal settlements.
Preferential Rehiring
Preferential rehiring is a provision in Title VII of the 1964 Civil Rights Act that mandates companies to reinstate or hire employees with back pay in cases where illegal job discrimination has occurred, thereby aiming to 'make whole' the victims of such discrimination.

Accounting Terms Lexicon

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