An agency shop is an organizational arrangement in which employees who are not union members must pay a fee to the union to cover the costs of collective bargaining and other union services from which they benefit. This structure is subject to collective bargaining agreements and state laws.
In labor economics, automatic checkoff refers to the authorization for the employer to deduct union dues and other assessments from an employee's salary automatically and remit them to the labor union; also called compulsory checkoff.
Employment at will is a legal doctrine that gives employers the right to hire, fire, suspend, or discipline employees at their discretion, as long as these actions do not violate any laws or contracts.
The 'Golden Key' in an employment context typically refers to a provision or payment that releases an employee from a long-term employment contract, often described as the key that unlocks the Golden Handcuffs.
A provision in an executive's employment contract that promises substantial severance packages if the individual is terminated or chooses to leave following a change in company ownership or a takeover.
Individual bargaining refers to negotiations between a single employee and their employer, often giving the employer greater strength compared to collective bargaining where the employer negotiates with a group of employees.
Exploring the essential topics that must be discussed during collective bargaining negotiations, such as hours, medical benefits, pensions, and wages.
Pay can refer to the compensation given to personnel for services performed or the act of exchanging money for goods or services.
A restrictive covenant is a clause, which can either restrict the freedom of an individual or entity in a business agreement or affect the usage of land, thereby setting specific limitations and obligations.
Union rate is the standard hourly wage rate for a specific occupation or trade, established through collective bargaining. It is commonly the minimum rate that qualified individuals in the job can earn.
A Yellow Dog Contract is an employment agreement that explicitly prohibits the employee from joining labor unions under the threat of dismissal. Although historically utilized, such contracts are now generally deemed illegal due to federal and state labor laws.
