A program offered by a company to let an employee take an exteneded leave from the company. This can either be a paid or unpaid leave depending on the company's policy. It is typically offered to employee after they have been at company for more than a few years.
Example: One of the special perks that the company offered employees who worked at the company for more than 5 years is a sabbatical program. This gives the company's employees the option to take an unpaid six month leave of absence with the opportunity to return to the same role after the employee's leave.
Variations: sabbatical leave, sabbatical policy
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.