Disciplinary procedure is a standardized step-by-step comprehensive procedure that a company commits to in situations where an employee has to be warned, reprimanded or dismissed. If the procedure is not standardized and fair, the company could face discrimination or other legal charges.
Delayering
Delayering is the process of removing layers of hierarchy between the highest and lowest levels in an organisation in order to boost operational efficiency, decrease the wage bill and remove red tape. Delayering typically removes middle managers, providing senior managers easier reach over the organisation as a whole.
Deferred compensation
Deferred compensation is a part of the salary that has been set aside for payment on a later date than the actual income was earned. There are two major reasons why deferred compensation is a popular practice that employers across organizations follow. One being the tax benefits on the earned income and the other being the fact that it gives them an opportunity to retain important and key employees. It is not mandatory to opt for deferred compensation, but employees do so in order to waive a certain amount of taxes.