Glossary
What exactly is a “workation”? Ever wondered who “permalancers” and “moonlighters” are?
Discover the key terms defining the New Work era.
Remote Project Management
[rɪˈmoʊt ˈprɒdʒɛkt ˈmænɪdʒmənt]
Coordinating projects with geographically dispersed team members
Remote Work Policy
[rɪˈmoʊt wɜrk ˈpɑləsi]
A set of guidelines established by an organization to outline the expectations, responsibilities, and procedures for employees working outside of a traditional office environment.
Retro Pay
[ˌrɛtroʊˈæktɪv peɪ]
Compensation for previous pay period shortfalls
Side Hustle
[saɪd ˈhʌsl]
A type of work or business activity that individuals engage in outside of their primary job to earn supplementary income.
Skill-Based Hiring
[skɪl beɪst ˈhaɪərɪŋ]
A recruitment strategy focusing on candidates' demonstrated abilities
Sole Proprietor or Sole Trader
[soʊl prəˈpraɪətər] or [soʊl ˈtreɪdər]
A tax term used for a freelancer or self-employed individual who owns and operates their business as an individual without forming a separate legal entity.
Talent Cloud
[ˈtælən(t) klaʊd]
A workforce management strategy that leverages a pool of freelancers, contractors, and remote workers to meet an organization's talent needs.
Temporary Staffing Agency
[ˈtɛmpəˌrɛri ˈstæfɪŋ ˈeɪdʒənsi]
A service connecting companies with short-term workers
Third Place
[θɜrd pleɪs]
A place that is used alongside the first place (home) and second place (work, office) for work or business interactions.
Total Workforce Intelligence
[ˈtoʊtəl ˈwɜrkfɔrs ɪnˈtɛlədʒəns]
A comprehensive analysis and interpretation of data related to an organization's workforce, including employees, freelancers, and contractors.
Underemployment
[ˌʌndərɪmˈplɔyənt]
A condition where individuals in the labor force are employed at less than full-time or regular jobs, or at jobs that are inadequate in terms of their training or economic needs.
Unicorn Employee
[ˈjuːnɪkɔrn ɪmˈplɔyi]
A highly talented and versatile employee who possesses a unique combination of skills that are rare and highly valuable to the organization.
