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.
Job sharing is an employment arrangement where two or more individuals split the responsibilities, hours, and benefits of a full-time job. It's designed to offer flexibility in work schedules and contributes to work-life balance for employees.
A leave of absence refers to a formally approved period during which an employee is permitted to take time off work without losing their job seniority or associated perks. It is often granted for specific purposes such as education, research, maternity/paternity leave, or personal health.
Moonlighting refers to the practice of employees taking on a second job, often at night, in addition to their primary employment to increase their income.
Quality of Work Life (QWL) is a concept that refers to the level of satisfaction, motivation, fulfillment, and well-being employees experience in their work environment. It addresses a variety of aspects in the workplace, including job satisfaction, work-life balance, relationships with colleagues, and work conditions.
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.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.