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The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
The Uniformed Services Employment and Reemployment Rights Act of 1994 ( USERRA, Pub. L. 103–353, codified as amended at 38 U.S.C. §§ 4301 – 4335) was passed by U.S. Congress and signed into law by U.S. President Bill Clinton on October 13, 1994 to protect the civilian employment of active and reserve military personnel in the United ...
Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period). Employee retention is also the strategies employers use to ...
The Federal Employee Health Benefit (FEHB) program provides health insurance to federal employees and their dependents. Federal employers are eligible to keep FEHB after retirement. FEHBs can ...
Nominal wages. Adjusted for inflation wages. Employer compensation in the United States refers to the cash compensation and benefits that an employee receives in exchange for the service they perform for their employer. Approximately 93% of the working population in the United States are employees earning a salary or wage.
t. e. Human resource management ( HRM or HR) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
California Fair Employment and Housing Act of 1959. The California Fair Employment and Housing Act of 1959, codified as Government Code §§12900 - 12996, [1] is a California statute used to fight sexual harassment and other forms of unlawful discrimination in employment and housing, which was passed on September 18, 1959.
An Employee Stock Ownership Plan ( ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975 (e) (7)of IRS codes, which became a qualified retirement plan in 1974. [1] [2] It is one of the methods of employee participation in corporate ownership. According to an analysis of data provided by the ...