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What Is a Fixed-Term Contract? (Definition and FAQs) Indeed.com ...
WebFixed-term contracts can be used for employees to work for a specified length of time or to work on a set project. These arrangements can give employers both certainty and … WebOct 5, 2024 · A fixed term employment contract is a contract for a specific period of time only. An employer's primary intention in offering a fixed term employment contract is usually so that the employer does not have to commit to the permanent employment of the incoming employee. WebA fixed term employee, compensated under the legal threshold, who is employed for longer than 2 years shall be entitled to severance pay on termination of employment or alternative employment, if possible. Severance pay includes one week’s compensation for each completed year of the contract. chinook elevator solutions