Contingent employment is short-term work without a long-term contract, including seasonal, project-based, and on-call positions. It can increase productivity during busy periods, but some employers use it to avoid legal and moral obligations. Contingent workers may become permanent employees, but some employers abuse the system to avoid paying benefits. Contingent employment is short-term or on-call […]
Contingent assets are potential economic benefits that are not included on a company’s balance sheet but are disclosed in financial statements. They may arise from past events, such as a pending lawsuit, and are not accounted for in the same way as contingent liabilities or losses. The purpose is to provide an honest representation of […]
