Deferred compensation in the form of future bonuses, retention payments, and stock options has become a standard element of executive compensation. While there are countless variations of such plans, they are all designed to incent employees to remain with their employer, and to perform to the employee’s highest capability while he is there. In order to meet these goals, such plans will often include a deferral of the benefit once it is earned, in order to create an incentive to remain with the employer.
There has been some discussion around the web lately as to what the real value of a Master of Business Administration is: one Wall Street Journal author told the story of a 36-year-old University of Louisville MBA grad Steve Vonderweidt who is still working as an administrator at a social services agency, almost a year after graduating. With over $75,000 in student-loan debt and facing stiff competition from the highest number of fellow grads ever, Vonderweidt questioned whether the Master’s program was really worth it.
The three most popular HRinfodesk articles this week deal with proposed amendments to the Canada Labour Code, a vacation deprivation study, and a termination case based on the language of an employment contract..