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Work Year

   Also found in: Acronyms 0.01 sec.
Work Year 

according to Soviet law, a year of work at a particular enterprise. A work year does not coincide with the calendar year (from January 1 to December 31) but is calculated from the worker’s first day of work. For example, the first work year of someone who became employed on June 12, 1973, extended from June 12, 1973, to June 11, 1974. The category of the work year is important in determining leave time (vacation).



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New owner can easily expand and work year round with addition of bookkeeping or keep the same tax-only structure.
Final results for the 2008 work year will be released in April 2010.
The number of people who work years for a company and then laid off has increased over the years.
 
 
 
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