Employment Practices

Employers Liability Coverage
Employers Liability Coverage, also known as Coverage B, is a component of Workers' Compensation insurance that provides coverage for employers against claims not covered by standard workers' compensation policies.
Industrial Relations
Industrial relations encompass the dealings and interactions of a company with its employees, labor unions, and governmental institutions, with a focus on promoting partnership, cooperation, and negotiated conflict resolution.
Lockout
A lockout is a management action that prevents employees from performing work in the organization until a labor settlement is reached, physically barring them from entering the workplace.
Open Shop
An enterprise that employs workers without regard to whether they are members of a labor union.
Speedup
Speedup refers to the efforts by employers to obtain increased productivity from workers without a corresponding increase in wages. This practice is commonly seen in both industrial and corporate settings where efficiency is crucial.

Accounting Terms Lexicon

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