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

Defined Benefit Plan

What is a Defined Benefit Plan?   A ‘Defined Benefit Plan’ is a pension plan in which a formula is used to determine the benefits

Non-traditional Employment

What is Non-traditional Employment?   ‘Non-traditional Employment’ is the term used to define the occupation and industries which have less than 25% of their employees

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