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Wage compression is the tendency of wages for low-skilled and high-skilled workers to converge, resulting in unemployment or shortage of low-skilled or high-skilled workers. Learn about the fair-wage hypothesis, minimum wage increases, status, training, uncertainty and technology as possible causes of wage compression.
While the main formal term for ending someone's employment is "dismissal", there are a number of colloquial or euphemistic expressions for the same action. "Firing" is a common colloquial term in the English language (particularly used in the U.S. and Canada), which may have originated in the 1910s at the National Cash Register Company. [2]
Learn about the different types and reasons for terminating an employee's job, such as resignation, dismissal, layoff, and redundancy. Compare the procedural requirements and legal protections for termination across 190 countries.
A new study shows employees would be willing to take drastic pay cuts to save their jobs, potentially avoiding almost 30% of layoffs.
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A layoff is the termination of employment of an employee or a group of employees for business reasons, such as downsizing or cost-cutting. Learn about the origin, types, consequences and alternative expressions of layoff, as well as the unemployment compensation and legal aspects in different countries.
The Container Store's Satish Malhotra is taking a 10% reduction in his paycheck. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...