- Definition: Fixed Term Employment is a contract where a labor is hired for a specific period or task.
- Payment is fixed in advance and not altered till term expires.
- Contracts are usually for temporary jobs, not routine ones.
- Difference from Permanent Employment:
- Duration: Fixed term is for a specific period/task; permanent is indefinite.
- Termination: Fixed term ends automatically; permanent requires specific termination rules.
- Employee Status: Fixed term worker is on company payroll, gets all benefits of regular workers.
- Firing Rules: Fixed term workers are not subject to “firing” rules (e.g., 300 worker limit).