Ch.9
core spending account plan
a benefit plan that provides a series of benefits to every employee plus a list of benefits employees ma choose
group incentive program
piecework incentive program
based on pay for the number of work tasks completed
workers compensation
"no fault" benefit plan that provides for employees who become disabled or who die at work. funded by contributions from the employer.
craft union
union that represents workers who essentially have the same skills. like plumbers and electritions
defined benefit plan
a pension and retirement program which employers set aside amounts of money for at regular intervals
health maintenance organization HMO
a voluntary health benefit program that offers medical coverage to employees for fixed annual fee
Rucker plan
A cost saving group incentive plan based on the ratio of labour costs to share of production costs.
authorization cards
petitions cards signed by employees that call for union recognition
featherbedding
union practice of requiring employees to hire more workers than are needed or limit production so that workers are paid for full shift but only work partial shifts. requiring payment for work not done is prohibited.
employee assistance program EAP
employer sponsored counseling program designed to help employees dealing with personal problems
like drugs
improshare
a cost saving group incentive plan which a standard cost of production is established and the employees share in the cash saving production costs under that amount
salary reduction plan
a compensation plan that allows employees to make tax deffered contributions from their paycheck to retirment account.
bargain in good faith
a practice mandated by the wagner act of 1935 whereby management and unions must attempt to reach agreement on disputed issues through negotiation but are not required to reach an agreement.
industrial union
union that represents workers in specific industries like hospitality or automobiles
employee stock ownership plan ESOP
a compensation plan that establishes an account in the employees name to which the company makes contributions based on either employee contributions or on company file
indivdual retirement account IRA
retirement plan established by the employee retirement act of 1974 that allows employees not covered by employer retirement accounts to set monies aside tax free for use later in retirement
scanlon plan
a cost saving group incentive plan based on the ratio of labour costs to the sales value of production
bargaining order
allows union to represent employees
Landrum griffin act 1959
legislation that outlines legal responsibility of unions and forces unions to use specific election procedures and ethical standards.
gainsharing program
a percentage of the gains made by the company is shared with employees
Leveraged ESOP
a plan that uses employee stock ownership account funds to provide capital to the company for projects the company may undertake
standard house incentive program
based on how many units are done in one hour
civil service reform act 1978
legislation that established the right of federal employees to select their own bargaining agents and that established the policy for resolving disputes through arbitration
national labour relations board
an independent federal agency created by the wagner act of 1935 to administer and enforce the act. pretty much just supervises unions