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The Concepts of What a Career Is Has Changed Over

question 54

Essay

The concepts of what a career is has changed over time.What is the current description of a career and what is it called? How does the psychological contract have an impact on an individual's career?


Definitions:

Pension Fund

A pool of funds accumulated from contributions to provide retirement benefits to employees.

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of money, expressed as a yearly rate.

Postemployment Benefits

These are benefits, such as pensions or health insurance, which employees are entitled to receive after their employment has ended.

GAAP

Widely recognized accounting norms and guidelines that are practiced within the United States.

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