What Is an Emolument? An emolument is compensation, based on time and length of activity, for employment, services, or holding office, and is generally used in a legal context. Key Takeaways An emolument is compensation, based on time and length of activity, for employment, services, or holding office and is generally used in a legal
What is Empirical Duration? Empirical Duration is the calculation of a bond’s duration based on historical data rather than a preset formula, like effective duration does. Key Takeaways Empirical Duration is the calculation of a bond’s duration based on historical data rather than a preset formula, like effective duration does.Regression analysis of historical market-based bond
What Is Empirical Probability? An empirical probablility, also called an experimental probability, is closely related to the relative frequency of an event. Empirical probability uses the number of occurrences of a given outcome within a sample set as a basis for determining the probability of that outcome occurring again. The number of times “event X”
What Is an Employee Contribution Plan? An employee contribution plan is a type of employer-sponsored savings plan. By choosing to participate in the plan, employees contribute a percentage of their paycheck into the plan, which is then invested on their behalf by a third-party plan administrator. Employers, meanwhile, will typically match a portion of the
What Is Employee Engagement? Employee engagement is a human resources (HR) concept that describes the level of enthusiasm and dedication a worker feels toward their job. Engaged employees care about their work and about the performance of the company, and feel that their efforts make a difference. An engaged employee is in it for more
What Is an Employee Savings Plan (ESP)? An employee savings plan (ESP) is a plan provided by an employer that allows employees to set aside a portion of their pre-tax wages for retirement savings or other long-term goals, such as paying for college tuition or purchasing a home. Many employers match their employees’ contributions up to a certain dollar
What Is an Employee Share Ownership Trust (ESOT)? An employee share ownership trust (ESOT) is a stock program that facilitates the acquisition and distribution of a company’s shares to its employees. ESOTs are trust accounts through which a company can sell its shares to employees. Key Takeaways An employee share ownership trust (ESOT) is a
What Is an Employer-Sponsored Plan? An employer-sponsored plan is a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an array of services including retirement savings and healthcare. Employees who enroll in such programs capitalize on the benefit of receiving discounted services. On the
What Is an Employer Identification Number (EIN)? The term employer identification number (EIN) refers to a unique identifier that is assigned to a business entity so that it can easily be identified by the Internal Revenue Service (IRS). EINs are commonly used by employers for the purpose of reporting taxes. The number is made up
What Is the Employment-to-Population Ratio? The employment-to-population ratio, also known as the “employment-population ratio,” is a macroeconomic statistic that measures the civilian labor force currently employed against the total working-age population of a region, municipality, or country. It is viewed as a broad metric of labor unemployment. It is often calculated by dividing the number
