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https://financial-dictionary.thefreedictionary.com/annual+hours#:~:text=annual%20hours%20the%20contractual%20requirement%20that%20employees%20work,to%20fit%20in%20with%20production%20requirements%20%28%E2%80%98flexible%20rostering%E2%80%99%29.
http://www.ims-productivity.com/page.cfm/content/Annualised-Hours/
The annualised hours system recognises that all plans and budgets are wrong. The world is never going to behave according to the plan. The system allows a flexibility that guarantees that the organisation will still have the hours it requires even though demand changes from that forecast.
https://financial-dictionary.thefreedictionary.com/annual+hours
annual hours. the contractual requirement that employees work a number of hours over the year rather than a standard number of hours each week. This means that the length of the working day can be varied day by day to fit in with production requirements (‘flexible rostering’). Alternatively, at certain times of the year employees work very short days whilst at other times they work long days.
https://croner.co.uk/resources/leave-absence/annualised-hours/
An annualised hours contract allows you to calculate an employee’s shift work (and pay) on an annual basis. This article explores this type of working hours, how to calculate it and its advantages and disadvantages. It’ll also highlight elements you should include when creating an annualised hours contract.
https://dictionary.cambridge.org/us/dictionary/english/annual-hours-contract
annual hours contract. noun [ C ] uk. Your browser doesn't support HTML5 audio. us. Your browser doesn't support HTML5 audio. 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 contract based on an average of between 20 and 48 hours per week.
https://www.merriam-webster.com/dictionary/annualize
Definition of annualize. transitive verb. : to calculate or adjust to reflect a rate based on a full year quarterly returns yielding at an annualized rate of seven percent.
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