Glossary
What exactly is a “workation”? Ever wondered who “permalancers” and “moonlighters” are?
Discover the key terms defining the New Work era.
1099 Worker
[tɛn nain nain wɜrkər]
An independent contractor in the United States
Absence Rate
[ˈæbsəns reɪt]
A measure of unplanned employee time off
Agency of Record (AOR)
[ˈeɪdʒənsi əv ˈrɛkərd]
A third-party entity responsible for managing the compliance and administration of independent contractors.
Agent of Record
[ˈeɪdʒənt əv ˈrɛkərd]
An entity managing compliance and administration for independent contractors
Algorithmic Management
[ˌælɡəˈrɪðmɪk ˈmænɪdʒmənt]
Using computer algorithms and AI for remote employee management
Async Work or Asynchronous Work
[eɪˈsɪŋkrənəs wɜrk]
A type of work where team members interact with one another without the need for immediate responses.
Bleisure
[ˈbliːʒər]
A combination of the words "business" and "leisure," referring to the practice of combining business travel with leisure activities or personal time.
Blended Workforce
[ˈblɛndɪd ˈwɜrkfɔrs]
A strategic approach where an organization combines full-time employees with contingent workers, such as freelancers, contractors, or part-time workers, to meet their business needs effectively.
Business Process Outsourcing (BPO)
[ˈbɪznəs ˈprɑsɛs ˈaʊtˌsɔrsɪŋ]
The practice of outsourcing key business tasks to a third party. BPO can help businesses be more efficient, productive, and profitable.
Casual Worker
[ˈkæʒuəl ˈwɜrkər]
An employee who does not have a fixed or guaranteed schedule and works on an as-needed basis.
Contingent Workforce
[kənˈtɪndʒənt ˈwɜrkfɔrs]
A labor pool consisting of people who work for an organization on a non-permanent basis.
Contractor
[ˈkɒntræctər]
A self-employed individual or entity contracted to perform work for or provide services to another entity as a non-employee.
