What is fixed-term employment?
Fixed-term employment, also known as limited-term employment, is an employment strategy in which an organization contracts with an individual worker for a specific period of time. You can think of these employees as temporary workers. The difference between a fixed-term employee vs. a permanent contractor is that the former has an end date or certain milestone to mark the end of their employment.
Other reasons why a company would use a fixed-employee contract include:
- Covering a regular employee who’s away on sick leave, maternity/paternity leave, or on sabbatical
- Bringing in talent to take pressure off a team overloaded with work
- Adding a worker with specific expertise for a special project, such as a solution architect to help with an enterprise digital transformation project
Learn more on what you need to know to help protect your organization from the risk of fixed-term employment contracts, particularly in unfamiliar global markets.
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