Workplace Regulations

Right-to-Work Law
Right-to-Work Laws are statutes that prohibit agreements between labor unions and employers that make union membership, dues, or fees a condition of employment, as permitted by Section 14(b) of the Taft-Hartley Act.
Suspension
A suspension refers to a disciplinary action imposed on an employee for a specific period of time. It is less severe than discharge or dismissal, and the employee can resume their duties after the suspension period ends.
Union Shop
A union shop is a type of workplace in which all employees must be members of a union. However, nonunion members may work provided they agree to join the union after a specified period.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.