Voluntary Reduction in Pay Plan

Voluntary Reduction in Pay Plan is an alternative to layoffs in which all employees agree to reductions in pay to keep everyone working.

Share it: CITE

Previous:
Computer Programming

Next:
Ethology

Related Definitions

Marginal Rate of Substitution (MRS)
Marginal Rate of Substitution (MRS) typically examines the link between...
Industry Life Cycle
Industry Life Cycle represents the life rotations of a corporation...
Worker adjustment and retraining notification act (WARN)
The 1989 law that requires employers with 100 or more...
Trading company
A firm that buys products in one country and sells...
Operating employees
The non managers in an organization, who perform specific tasks...