Employer
The term employer refers to an individual or organization that hires and pays people in return for work. The individuals being employed and put to work are usually known as employees or staff members.
Employers can be individuals, organizations, government entities, companies, institutions, agencies, professional service firms, nonprofit or non-governmental organizations, small businesses, and stores.
What Is an Employer Identification Number?
An employer identification number (EIN) is a unique identifier that is assigned to employers to make them easily identifiable by the Internal Revenue Service (IRS). The number is most commonly used by employers to report taxes.
Most business entities can almost immediately obtain an EIN by applying for one directly through the IRS. EINs are always composed of nine digits and follow the format of XX-XXXXXXX (for example, 12-3456789). The first two digits of the number represent which of 12 possible IRS “campuses” issued that particular EIN.
The following types of businesses can get an EIN:
- C and S corporations
- Partnerships
- Single and multi-member LLCs
- Sole proprietorships
What Is Employment-At-Will?
At-will employment is a type of employment contract in which the employer or employee can terminate the employer-employee relationship at any time, without any reason, explanation, or warning.
In this type of agreement, the employer can change the terms of employment, such as wages, benefits, or vacation days, without notice or consequences. Similarly, at-will employees can change jobs without providing advance notice, although it’s still recommended to give at least two weeks' notice.
While employment-at-will contracts are usually of indefinite duration, federal and state governments still have laws protecting at-will employees from wrongful termination. Illegal termination reasons may include, race, gender, disability, sexual orientation, and other factors mentioned by labor laws.
What Is an Employer of Choice?
An employer of choice is an individual or organization which is chosen by workers instead of other employment choices. Employers of choice usually have a strong ability to attract and retain top candidates due to a pleasant working environment, company culture, leadership style, reputation, and compensation structure.
What Is a Probationary Employee?
A probationary employee is typically a newly hired worker that is on a trial period. During this time, they are given time to learn the job, while being observed and evaluated by a supervisor. Usually, an employee can be dismissed at any time during the probationary period, depending on the company policy.
If an employee completes this period successfully, they usually become a regular and permanent worker at the company. Probationary periods may also be instilled as a disciplinary measure to employees that are not fulfilling their job requirements. While on probation, an employee has a chance to prove their suitability for regular employment and to meet the employer’s standards and expectations.
The term employer refers to an individual or organization that hires and pays people in return for work. The individuals being employed and put to work are usually known as employees or staff members.
Employers can be individuals, organizations, government entities, companies, institutions, agencies, professional service firms, nonprofit or non-governmental organizations, small businesses, and stores.
What Is an Employer Identification Number?
An employer identification number (EIN) is a unique identifier that is assigned to employers to make them easily identifiable by the Internal Revenue Service (IRS). The number is most commonly used by employers to report taxes.
Most business entities can almost immediately obtain an EIN by applying for one directly through the IRS. EINs are always composed of nine digits and follow the format of XX-XXXXXXX (for example, 12-3456789). The first two digits of the number represent which of 12 possible IRS “campuses” issued that particular EIN.
The following types of businesses can get an EIN:
- C and S corporations
- Partnerships
- Single and multi-member LLCs
- Sole proprietorships
What Is Employment-At-Will?
At-will employment is a type of employment contract in which the employer or employee can terminate the employer-employee relationship at any time, without any reason, explanation, or warning.
In this type of agreement, the employer can change the terms of employment, such as wages, benefits, or vacation days, without notice or consequences. Similarly, at-will employees can change jobs without providing advance notice, although it’s still recommended to give at least two weeks' notice.
While employment-at-will contracts are usually of indefinite duration, federal and state governments still have laws protecting at-will employees from wrongful termination. Illegal termination reasons may include, race, gender, disability, sexual orientation, and other factors mentioned by labor laws.
What Is an Employer of Choice?
An employer of choice is an individual or organization which is chosen by workers instead of other employment choices. Employers of choice usually have a strong ability to attract and retain top candidates due to a pleasant working environment, company culture, leadership style, reputation, and compensation structure.
What Is a Probationary Employee?
A probationary employee is typically a newly hired worker that is on a trial period. During this time, they are given time to learn the job, while being observed and evaluated by a supervisor. Usually, an employee can be dismissed at any time during the probationary period, depending on the company policy.
If an employee completes this period successfully, they usually become a regular and permanent worker at the company. Probationary periods may also be instilled as a disciplinary measure to employees that are not fulfilling their job requirements. While on probation, an employee has a chance to prove their suitability for regular employment and to meet the employer’s standards and expectations.