Glossary
What exactly is a “workation”? Ever wondered who “permalancers” and “moonlighters” are?
Discover the key terms defining the New Work era.
Intellectual Property (IP) Transfer Agreement
[ˌɪntəˈlɛktʃuəl ˈprɑpərti ˈtrænsfər əˈgrimənt]
An agreement between a contractor and a client in which one party transfers its intellectual property to the other.
International Tax Compliance
[ˌɪntərˈnæʃənl tæks kəmˈplaɪəns]
Tax obligations for companies hiring employees from other countries
Job Sharing
[dʒɑb ˈʃɛrɪŋ]
An arrangement where two part-time employees share one full-time position
Just-in-Time Workforce
[dʒʌst ɪn taɪm ˈwɜrkfɔrs]
A strategy that involves hiring workers only when there is an immediate need, ensuring that labor resources match current demand.
Kill Fee
[kɪl fi]
A payment made to a freelancer when a project is terminated before completion, typically due to circumstances beyond the freelancer's control.
Liquid Super Team (LST)
[ˈlɪkwəd ˈsuːpər tiːm]
A highly adaptable and skilled group of freelancers or remote professionals who come together on a project-by-project basis.
Micro-entrepreneur
[ˌmaɪkroʊ ˌɑntrəprəˈnɜr]
An individual running a very small business, often as a side gig or freelance venture
Misclassification
[ˌmɪsˌklæsɪfɪˈkeɪʃən]
The illegal practice of categorizing workers as independent contractors when they should be classified as employees.
Moonlighting
[ˈmuːnˌlaɪtɪŋ]
A practice of holding a second job or engaging in additional work outside of one's primary employment, typically after regular work hours.
NDA
[ˌɛn di ˈeɪ]
A contract establishing confidentiality between two parties
Nearshoring
[ˈnɪrʃɔrɪŋ]
A business strategy that involves relocating business processes or services to nearby countries rather than distant offshore locations.
New Work
[nju wɜrk]
A new understanding of work and the world of work in the age of globalization and digitalization.
