Business Terms and Jargon Explained
What is Furlough
A furlough is a temporary leave of absence of employees. This can be due to the employer having financial problems or the industry or the whole economy is having problems. This can last for specific period of time or on going in a fluid situation. Furlough is normally not paid and is agreed between employer, employer and unions. Staff are allowed to get temporary employment while on furlough usually when the period is specified.
Also used to describe prisoners who are allowed to leave prison.
Recommended by us
Search Jargon and Terms Database
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term created / updated 2020-04-05 14:31:18
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.