What is a reopener clause?
reopener clause. provision providing for the reopening of a collective bargaining contract before its expiration upon certain conditions. Generally, a reopener clause is limited to the reconsideration of wages if the Consumer Price Index surpasses a particular point or if other economic factors change rapidly.
Are wage reopener clauses required by law?
Wage reopener clauses are required by federal and state law. Wage reopener clauses are now included in only 10 percent of all labor contracts.
What is a two tier contract?
A two-tier system is a type of payroll system in which one group of workers receives lower wages and/or employee benefits than another. The employer wishes to reduce overall wage costs by hiring new employees at a wage less than the wage of incumbent workers.
What is a wage opener?
Overview. In general, a “wage reopener” is a way for parties to a collective bargaining agreement to agree to “delay” their bargain over wages in future years before the contract’s expiration.
What is the difference between a strike and a lockout?
A lockout is a work stoppage or denial of employment initiated by the management of a company during a labour dispute. In contrast to a strike, in which employees refuse to work, a lockout is initiated by employers or industry owners.
Is two-tier pay structure fair?
Some studies have found problems with two-tier systems like higher turnover for newer, lower-paid employees and a demoralized workforce. After enough time, a two-tier wage system can permanently lower wages in an entire industry. Lowering productivity expectations for new hires seems to alleviate some of the problems.
What is labor union negotiation?
Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.
What type of union was the Knights of Labor?
labor federation
Knights of Labor (K of L), officially Noble and Holy Order of the Knights of Labor, was an American labor federation active in the late 19th century, especially the 1880s. It operated in the United States as well in Canada, and had chapters also in Great Britain and Australia. Its most important leader was Terence V.
What is a two-tier pay system What are the pros and cons of a two-tier pay system?
Two-tiered wage systems constitute an employee salary plan in which senior workers earn more money than new workers. Negatives of the system include employee discontent and conflicts with unions.
Does everyone get paid the same in a union?
A basic principal of unionism is “equal pay for equal work.” This means that people doing the same or comparable job should receive the same hourly or salaried pay. There are some exceptions to this general rule, because often times some benefits and some portion of wages are tied into seniority.
What is a “reserved” clause in a contract?
The Reserve Clause was “a clause in the contract of a professional athlete that binds the player to a team for a season beyond the expiration of the contract unless a new contract has been made or the player has been sent to another team.”.
What is reopening clause?
A reopening clause is a clause in a collective bargaining agreement providing for reopening negotiations as to wage rates, etc., during the term of the agreement.
What is retainer clause?
retainer clause. A clause that states how much of the insurance the ceding company intends to retain.
What is a reversion clause?
Reversion Clause. In the music business, a reversion clause is part of a contract between a songwriter and a music publishing company. The clause dictates the amount of time that a publisher owns the rights to the songwriter’s work.