annual hours

HR
a flexible working hours practice in which working hours are averaged over a year. Employees are contracted to work a given number of hours per year rather than the traditional number of hours per week. Earnings are determined on a similar basis, but usually a fixed weekly or monthly salary is paid regardless of the number of hours worked. Hours are worked when demand dictates and therefore the need for overtime diminishes. Annual hours systems usually cover manual shiftworkers, rather than other parts of the workforce.

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  • annual hours contract — ➔ contract1 * * * annual hours contract UK US noun [C] ► WORKPLACE, HR a system in which someone is employed to work a particular number of hours over the period of a year, rather than a week or a day: »Staff are able to choose an annual hours… …   Financial and business terms

  • annual hours work plan — A contractual arrangement in which staff agree to work a certain number of hours per year, rather than per week or month. This is particularly useful when there is a significant fluctuation in the demand for a product or service; it avoids the… …   Big dictionary of business and management

  • Annual calendar — is the feature that refers to a mechanical watch. It automatically adjusts months with 30 or 31 days and needs to be manually corrected when February turns into March. Thus it needs to be corrected once a year, which is why the calendar is called …   Wikipedia

  • annual — 01. She got really drunk at the [annual] Christmas party, and shouted at her boss. 02. When she won the lottery prize of one million dollars, it was paid to her in [annual] sums of $100,000 over ten years. 03. Our [annual] meeting has been… …   Grammatical examples in English

  • Annual operating factor —   The annual fuel consumption divided by the product of design firing rate and hours of operation per year.   U.S. Dept. of Energy, Energy Information Administration s Energy Glossary …   Energy terms

  • flexible working hours — HR flexibility in the management of working time. Flexible working hours are achieved through systems such as annual hours, part time work, flexitime, or job sharing that are arranged to meet organizational requirements or to help employees… …   The ultimate business dictionary

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  • annualised hours contract — A contract under which the employee s working hours are calculated on an annual basis. Employees may negotiate any kind of working schedule with their employer, provided that they meet the basic annual minimum of hours stipulated by the contract …   Law dictionary

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