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What is a contract bond?

Higginbotham

However, if the contracted party fails to perform as promised, the party giving the contract is still protected because the surety will fulfill the contracted party’s obligations under the contract or provide financial compensation for its losses and then look to contractor to be repaid.

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What is a warranty or maintenance bond?

Higginbotham

The surety firm will require a credit report on the builder, financial records for the business, bank statements and trade references from previous clients. Project owners enjoy long term assurance that any defects in the finished project will either be corrected by the builder, or they will receive financial compensation.

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How Employee Perks Can Help Companies in the US

Vantage Circle

This includes opportunities for learning and development, a healthy work-life balance, a positive company culture, and an enriching environment beyond financial compensation. Citi Bank offers a range of child support resources through Bright Horizons to meet its employees’ ever-changing family needs.

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Labor Law Developments in Canada

Global People Strategist

The provincial government has jurisdiction over employment laws due to historical and constitutional reasons and the federal government has authority over employment in large industries such as banks, shipping, and airways. Each of the provinces shares similar employment laws except for Quebec.

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Can a worker claim workers’ compensation for COVID-19 exposure, illness or quarantine?

Workers' Compensation Perspectives

The presence of disease and the history of exposure in the occupation or industry defined typically establishes a presumptive (although rebuttable) work-related cause, opening the door to workers’ compensation claims for medical costs, rehabilitation, financial compensation, survivor benefits, and death benefits.

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How To Effectively Harness Behavioral Economics To Drive Employee Performance And Engagement?

Empuls

A study found that nearly one-third of employees leave their jobs within a month of their promotion, highlighting that financial compensation isn't everything. Unsurprisingly, many organizations face this situation: their carefully crafted bonuses fail to motivate the employees. The answer will surely surprise you.