Due to the seasonal nature of the work, the large majority of crop workers do not work year. round even if they work for more than one farm in a single year. On average, about 84% of. farmworkers work more than 60 days a year; 77% work more than 90 days; and only 60% work. more than 180 days.
Succession planning is the process whereby an organization ensures that employees are recruited and developed to fill each key role within the company. In this process, you ensure that you will never have a key role open for which another employee is not prepared.
Related Terms: Retirement Planning; Succession Planning. An Employee Stock Ownership Plan, or ESOP, is a qualified retirement program in which employees receive shares of the business rather than stock. ESOPs are said to be qualified because they qualify for federal income tax deferral until the stock is turned into cash at retirement.