Final answer:
Job sharing is the employment arrangement where two employees share the responsibilities, hours, salary, and benefits of one full-time job. The correct answer is option C.
Step-by-step explanation:
The arrangement that allows two employees to share one full-time job, including the division of hours, salary, and benefits, is known as job sharing. This approach to employment fits within strategies designed to provide better work-family balance, by allowing individuals to meet both career and personal responsibilities more effectively.
In job sharing, the responsibilities and tasks of a single full-time position are divided between two or more part-time employees, allowing them to share the workload and have flexibility in their schedules.
Job sharing is distinct from other flexible work arrangements such as flextime, which involves varying an employee's start and end times, and telecommuting, where employees work remotely and may set their own hours.