Top: Business: Employment: Terminology: F



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Federal Information Processing Standards

Standards for information processing issued by the U.S. National Bureau of Standards in the U.S. Department of Commerce; includes a numeric designation for geographic areas such as States, counties, and metropolitan areas.


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Flexible benefits

This type of plan provides employees a choice about their level of coverage among a number of different kinds of benefits, or gives employees pretax reimbursements for certain expenses related to employee benefits.


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Full-time employees

Employees are classified as full time or part time in accordance with the practices of their establishments, usually a full-time employee worked a 40-hour wee OR employees who usually work more than 35 hours per week (at all jobs within an establishment) regardless of the number of hours worked in the reference week.


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Full-time worker

A full-time worker is one who usually works 35 hours or more per week. 



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