Precarity Precarity is a precarious existence, lacking in predictability, job security, material or psychological welfare. It is a state of existence in which material provision and…
Outsourcing Agreement Outsourcing agreement is an agreement between a business and a service provider in which the service provider promises to provide necessary services. It is a…
Permatemp The term ‘permatemp’ is used to refer to an employee whose status is between a temporary employee and a permanent employee. A permatemp is a…
Precariat The world economy is in the midst of a Global Transformation that is producing a new global class structure. In sociology and economics, the precariat…
Autarky Autarky means economic independence or self-sufficiency. It is the characteristic of self-sufficiency; the term usually applies to political states, societies, or to their economic systems.…
Independent Contractor An independent contractor is a person, business, or corporation that provides goods or services under a written contract or a verbal agreement. They are self-employed…
Dispatched Labor Dispatched labor refers to an atypical employment relationship. Labor dispatch allows companies to scale up or down their production force as the demands of their…
Precarious Work in Economics Precarious work means work where your labor rights are not secure. It is a term that critics use to describe non-standard or temporary employment that…
Zero-hour Contract A zero-hour contract is an agreement stating that a given employer is not obligated to provide a worker with any minimum number of hours. It…
Dead-end Job A dead-end job is a professional position with no prospects for advancement. It is a job where there is little or no chance of career…
Workforce Casualization Casualization is basically defined as the change of the workplace, having predominantly temporary workers rather than permanent workers. Workforce casualization is the process in which…
Involuntary Unemployment Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. It is a situation where workers are willing…