What Does 'Work Sharing' Mean?

Category: Glossary, Type: Career

The Meaing of Work Sharing

Job sharing. It is a bendy kind of employment involving a periodic reduction in working time and employee remuneration. The reduction in number of working hours and level of wages often happens as a result of an agreement among the employer and trade unions or employees themselves. Job sharing is most usually used in situations where the deterioration of company's financial condition may result in a reduction in employment.

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Category: Glossary, Type: Career