Back-loaded contract
Back-loaded contract is a multiyear contract that provides a lower wage adjustment in the first year with higher increases in later years.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Back-loaded contract. A multiyear contract that provides a lower wage adjustment in the first year with higher increases in later years.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
