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LSDefine

Simple English definitions for legal terms

employee givebacks

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A quick definition of employee givebacks:

Employee givebacks refer to a type of negotiation between employers and employees where the latter agrees to give up some of their previously gained benefits, wages, or working conditions in exchange for job security. This is also known as concession bargaining or union givebacks. The goal is to protect employees from layoffs or other job-related uncertainties. It is a part of collective bargaining, which is a process where employers and employees negotiate terms and conditions of employment.

A more thorough explanation:

Definition: Employee givebacks, also known as concession bargaining, is a type of negotiation between employers and employees where the employees agree to give back previously gained improvements in wages, benefits, or working conditions in exchange for job security, such as protection against layoffs.

For example, a union may agree to a wage freeze or reduction in order to prevent layoffs or keep a company from moving jobs overseas. Another example could be employees agreeing to pay a larger portion of their healthcare costs in exchange for job security.

These examples illustrate how employee givebacks work in practice. Employers may ask for concessions during tough economic times or when facing financial difficulties, and employees may agree to give up some of their benefits or pay in order to keep their jobs.

employee benefit plan | employee-liability exclusion

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Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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