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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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