Chapter 4: People in Business Flashcards
Recruitment
Attracting people to apply for a job vacancy
Part-time Workers
Working for a proportion of the full working week
Internal Recruitment
Appointing an existing employee of the business to fill a vacancy
Full-time Workers
Working for the normal full working week
Wage
When an employee is paid a fixed amount for each hour or the day they work
Salary
When a worker is paid a fixed amount per month or year, no matter what hours they work
Pension
Payments made to retired workers in addition to the state pension
Non-Monetary Rewards
Rewards to employees that do not involve the direct payment of money to them
Commission
When the employee gets a percentage of the amount they sell
Equal Pay Act 1970
Men and women should be paid the same for the same job.
Minimum Wage Act 1998
The minimum amount that a business is allowed to pay a worker per hour
Race Discrimination Act 1976
A business can not discriminate against a person in the workplace based upon their race
Disability Discrimination Act 1995
A business can not discriminate against a person in the workplace based upon their disability
Maternity Pay
Pay given to expectant mothers for having a child
Paternity Pay
Pay given to expectant fathers for having a child