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[13] The FLSA does, however, define the eight-hour day and thus sets the maximum workweek at 40 hours, [14] but provides that employees working beyond 40 hours a week receive additional overtime bonus salaries. [15] However, in practice, only 42% of employees work 40-hour weeks. The average workweek for full-time employees is 47 hours. [16]
Businesses that have made headlines for undesirable cultures may also have a difficult time recruiting new hires. [46] Companies should aim to minimize corruption using tools such as the recruitment processes, pre-employment screening, personality tests, induction, training, and establishing a code of conduct. [44]
A part-time job is a form of employment that carries fewer hours per week than a full-time job. Workers are commonly considered to be part-time if they work fewer than 30 hours per week. [2] Their hours of work may be organised in shifts. The shifts are often rotational.
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In 2022, women earned 82% of what men earned — a 2% decline from 2020, according to a Pew Research Center analysis of both full- and part-time workers. 29. Women of color are paid even less.
Thus, full employment of labor corresponds to potential output. Whilst full employment is often an aim for an economy, most economists see it as more beneficial to have some level of unemployment, especially of the frictional sort. In theory, this keeps the labor market flexible, allowing room for new innovations and investment.
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