Examlex
Once a contract is agreed between an organization's management and a union,the National Labor Relations Board (NLRB) does not normally permit an election in the bargaining unit covered by the contract until the contract expires,up to a maximum of three years.This is known as:
Wages
Compensation provided to workers for their efforts or tasks, usually determined based on hours worked, daily rates, or the amount of work completed.
Salaries
Fixed regular payments, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
Fringes
Additional benefits provided to employees beyond their regular salaries, such as health insurance or retirement plans.
Per Capita GDP
A measure that expresses a country's Gross Domestic Product divided by its total population, indicating the average economic output per person.
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