Defining a Few Terms Found in Employment Law

Getting Employment Law Right

Law is applied to a considerable number of every day aspects depending on the country or state one is living in. it is important to at least be familiar with all of these laws, but there is a particular set of laws that are crucial for employers and employees.

Definition of Some Employment Law Terms

Executive Compensation

● Executive compensation can come in several forms like long-term incentive plans, cash compensation, executive perks, option grants, retirement packages, and deferred compensation.

Employment agreements -

In an employment agreement, one can find all the rights and responsibilities of both the employer and employee, with focus on the employee’s roles.

Independent contractors

Independent contractors do not have regular work hours as an employee, and only work when the company or employer requires the contractor’s services.

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