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Settlement agreements are formal, legally binding documents used to resolve issues related to employee compensation. Whether it's back pay owed due to transaction delays, underpayments, or the outcome of a grievance or legal determination, these agreements are designed to ensure that any discrepancies are corrected fairly and transparently.
As an HR professional, it’s important to understand the role settlement agreements play in addressing pay-related mishaps. These agreements not only provide a clear resolution but also help maintain trust and compliance within the organization. This page will walk you through the key aspects of settlement agreements, including when they are used, the process for drafting them, and how they contribute to a fair workplace.
How to Use These Resources
How to Use These Resources
We recommend starting with the online mini-class: Introduction to Settlement Agreements/Back Wages. This class provides a solid overview of what settlement agreements are and their importance.
Following the class, please review the Settlement Agreements/Back Wages Policy (DOP-P24) for more detailed information.
Be sure to check back soon, as we will be adding additional resources to enhance your understanding of this topic!
This class covers the essential knowledge HR professionals need when drafting settlement agreements. It addresses the "Who, What, When, Where, and Why" of these agreements, providing a comprehensive overview of the basics.
This policy establishes guidance on settlement agreements and back wages. It also includes information on reinstatements after separations and suspensions.
Have Additional Questions Regarding Settlement Agreements and Back Wages?
Have Additional Questions Regarding Settlement Agreements and Back Wages?
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