AOS 2.9 - Awards and Agreements

Question 1

Awards

Answer 1

legal documents that outline the minimum wages and conditions of work for employees across an entire industry

Question 2

Awards: Advantages

Answer 2

+ Wage equally and transparency across the industry
+ Save time, awards created by FWC

Question 3

Awards: Disadvantages

Answer 3

• Less flexible to needs of individual or business
• Hard to build in individualised productivity incentives

Question 4

Agreements

Answer 4

legal documents that outline the wages and conditions of employees and are applicable to a particular business or group of businesses

Question 5

Agreements: Advantages

Answer 5

+ More flexible to the needs of individual and business
+ Easier to build in individualised productivity incentives

Question 6

Agreements: Disadvantages

Answer 6

• Less wage equality and transparency across industry
• Less collective employee strength in bargaining

Question 7

Collective Bargaining

Answer 7

process of negotiation between employers and employees or their chosen representatives to reach an agreement regarding employee wages and conditions of employment

Question 8

AWARDS V AGREEMENTS: Differences

Answer 8

AWARDS: Applicable to an entire industry
AWARDS: Developed by the FWC
AGREEMENTS: Applicable to a particular business or group of businesses
AGREEMENTS: Is reviewed and approved by the FWC

Question 9

AWARDS V AGREEMENTS: Similarities

Answer 9

*Businesses must uphold requirements of employment as stated through NES
*Contractual disputes are dealt with by the FWC