commerce Flashcards
what is the main difference between the trade union and the employers assocation
The trade union looks after the workers.Employers association looks after employers
list the main role of:
a. Trade union
protect the interests of the union members; for example, by undertaking campaigns and negotiations for increased pay rise
Improve the working conditions of members; for example, by monitoring healthy and safety
list the main role of
b. employers association
Represent employers un dealing with trade union
Give advice and assistance on a wide range of issues such as taxation,industrial relations and employment legislation
Lobby government with their memberships views
what gives a trade union and employers assocation their strength?
They gain strength by having a larger numbers
outline the difference between voluntary and involuntary redundancy
voluntary redundancy occurs when the business decide how many employees should be ‘let go’. Employers who nominate themselves for redundancy packaged.When there are two few employees volunteer the business may be forced to decide which employee will be made redundant making it and involuntary redundancy
what are employees who accept voluntary redundancy offered? what does it include?
After redundancy you receive a package of a sum of money. it include the payout of any unusual entitlements such as long term and termination pay.
list one advantage and one disadvantage of outsourcing
Advantage
resource are used more efficiently and it provides employment opportunities
Disadvantages
In result jobs security and lack of employee entilements
imagine you had a job you had a job making hamburgers. Would you rather be paid by the hour or piece rate? why?
I would chose hourly rate because your wage would only depend on how manny burgers you make
define the term discrimination
discrimination occurs when a person is treated less favourably because of factors such as gender,age,ethnicity, religion or disability
identify the groups in society which may experience discrimination
women
older employees
migrants and indigenous
Define the term sexual harassment
Sexual harassment is when unwelcome behaviour of a sexual nature that could make a person feel humiliated or offended
briefly outline the purpose of two piece of anti discrimination legislation
- Racial discrimination ACT 1975. This act ensures that employers cannot specify particular racial and culture characteristics when advertising a position
- Sex discrimination ACT 1984.This act makes it unlawful to discriminate on the basis on sex, pregnancy or marital status and, with respect to dismissals family responsibilities. It also prohibits sexual harassment
what does grievance procedure mean
a number of predetermined steps that are followed to resolve a despite
what does negotiation mean
a method of resolving disputes where the parties involved discuss the issues in an attempt to reach a compromise
what does mediation mean
when a third party helps those involved in a dispute to reach a solution acceptable to both sides
what does conciliation mean
Similar to mediation expect the conciliator can suggest possible solution
what does arbitration mean
When an independent body makes final ( and binding ) decision on a dispute between two parties
list at least 3 advantages of superannuation as saving/investment option
a forced saving scheme
The money is automatically deducted and invested
The value increase overtime
It allows you to maintain your lifestyle into old age
You are given the right to select which investment option you prefer
You can change super funds under certain circumstances
Your super fund stay active even when you change employers
list at least 3 disadvantages of superannuation as saving/investment option
Most people have to wait until they are 60 before they can access their support their support funds
Super funds investments may lose value over time
The government does not guarantee the safety of super funds
Administration and management fees are changed by the super funds
Taxation must be paid on certain lump sum payment
what do the letters WH&S stand for ?
Workplace health and safety
define the term un employment
when people are trying to find work
what does outsourcing mean
Obtain goods or a service by contract from an outside supplier
what is unemployment- personal cost of
when people are trying to find work but have so far been unsuccessful the personal cost is that they wont have money through lack of income and the loss of motivation
what does employment contract mean
a legally binding, formal agreement between an employee and employer
what a labour force
people aged 15 and over who are either employed or unemployed
what are the types of employment
full time
part time
casual
fixed term
what a tax file nuber
a tax file number is a unique identifier issued by the Australian Taxation Office to each taxpaying entity- an individual, company, superannuation fund, partnership, or trust
what dies award mean
A price of other mark recognition given in owner of good work
what does primary industry mean
Industry involved in the growing or extracting of natural resources
what does secondary industry mean
Industry involved in turning raw materials into finishes or semi-finished products
what is a participation rate
The proportion of people aged 15 or over employed or actively looking for work
what is Tertiary industry
Industry involved in providing a service to others
whats Quaternary indusrty
Industry involved in the transfer and processing of information and knowledge
what is Quinary industry
Industry involved in providing domestic services
what income tax
tax levied directly on personal income.
