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Annualised hours
The contractual requirement by employers that their staff work a certain number of hours per year rather than per week thus allowing a company more flexibility in the use of the working time its employees are paid for. It can thus, for example, vary the length of the working day or allow for peaks and troughs in the demand for its products over the year without having to pay overtime or hire casual workers. Compare with flexible working hours.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business administration
- Category: Business management
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