Furlough

What is Furlough ?

‘Furlough’ is a kind of employment period where the employee is forced to take paid leave by the employer. Furloughs are more common in the public sectors usually.

It can be a way for the company to let the employee stay in the organization during an economic crisis. It can also be a way for the employers to avoid terminating the employees during a slow work period.

They can be an alternative to layoffs and it might be either short-term or long-term. The furlough might be limited to a specific duration or it can last throughout the year in varying degrees. During this period, the employee is also free to seek employment elsewhere.

More HR Terms

Golden Handshake

What is Golden Handshake ?    ‘Golden Handshake’ refers to the additional clause of benefits provided by the company to an employee who would lose

Algorithmic Transparency

What is Algorithmic Transparency ? ‘Algorithmic Transparency’ is the openness related to an algorithm’s purpose and major functionalities. Although full algorithmic transparency can only be

Defined Contribution

What is a Defined Contribution?   A ‘Defined Contribution’ is a pension arrangement in which the contribution provided by the company is well-defined and fixed

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