Employee Management

Flexitime (Flextime)
Flexitime (also known as flextime) is a daily work system where employees have the flexibility to choose their starting and ending times within agreed limits, while ensuring they fulfill a minimum number of required work hours.
Personnel
Personnel refers to the people who actually compose an organization's workforce. In other words, it is synonymous with Human Resources (HR) and entails the management and development of employees within an organization.
Stretchout
Stretchout refers to two distinct concepts: accelerating the work pace without additional compensation for workers and extending the time needed to pay for a purchase.
Workweek
A workweek refers to the standard number of days and hours that employees are scheduled to work within a week in an organization. It varies across different organizations depending on their operational requirements.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.