Labor Contract

Posted in Human Resource Terms, Total Reads: 930
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Definition: Labor Contract

It is a legal, binding agreement between labor and management of an organization that beforehand specifies some of the conditions under which the labor agrees to work.  This contract usually covers the details regarding

  • Governing wages
  • Benefits
  • Working conditions etc.

 

 

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Browse the definition and meaning of more terms similar to Labor Contract. The Management Dictionary covers over 7000 business concepts from 6 categories.



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