downsizing of workforce

Question 1

workforce planning

Answer 1

is establishing the workforce needed by the business for the future in terms of the number of skills of employees required

Question 2

reasons

Answer 2

introduction of automation
falling demand for their goods or services
relocating the factory abroad
factory shop or office closure

Question 3

ways business remove employees

Answer 3

redundancy

dismissal

Question 4

redundancy

Answer 4

is when an employee is no longer needed and so looses their job it is not due to any aspect of their work being unsatisfactory

Question 5

dismissal

Answer 5

when a worker is told to leave their job because their work or behavior is unsatisfactory

Question 6

ethical decison

Answer 6

a decision taken by a manager or a company because of the moral code observed by the firm

Question 7

industrial tribunal

Answer 7

is a legal meeting which considers workers complaints of unfair dismissal or discriminations at work

Question 8

contract of employment

Answer 8

a legal agreement between employer and employee listening to the rights and responsibilities of the workers

Question 9

advantages of legal minimum wage

Answer 9

low paid workers will earn more and will be able to afford more
it encourages more people to seek work
there will be fewer shortages of workers
it will prevent strong employers from exploiting unskilled workers who could not easily find other work

Question 10

disadvantages

Answer 10

it increases business costs which will force them to increase prices
some employers may not be able to afford the wage rates
unemployment may rise