Employment Flashcards
Work
Work is any activity that requires effort and involves
doing a task.
Employment
Employment is work carried out in return for payment called a wage or salary
Categoriza work and employment
● Doing your homework
● Chef cooking for a restaurant
● Doctor on call
● Mowing the lawn
● Niall Horan playing a concert in 3 Arena
● Tidying your roo
Wage
usually paid weekly and is based on the number of hours worked
Salary
usually paid monthly and is the same every month regardless of how many hours worked
Employee
person who is paid for the work they do is known as an
employee
Contract of employment
Employees are entitled to a contract on
employment. This contract must be signed by
the employee and employer at the start of the employment. It contains:
● Job Title and Description of duties
● Length of the employment contract (6 months/ 1 year)
● Salary or wages that you will receive
● Holiday entitlements (employees are entitled to 20 days paid annual leave)
● Conditions of the job (e.g. Hours of work 9am - 5pm or Location)
● Dress Code and Rules of the workplace
● Minimum Notice required before ending employment e.g. 1 months notice
Fixed term employment
employee is hired on a temporary
basis. Once the fixed term has expired they no longer work for the company. E.g. 6
month fixed term contract
Job sharing
when two employees make up one working week. They share the hours
of one person
Flexitime
employee can start/finish work at a time that suits them so long as they
complete the required numbers of hours in the week
Teleworking
employee works from home but completes the duties as if they were in
the Organisation
Self employment
employee works for themselves and earns income from the profits
of the business e.g. Entrepreneur
Financial security
Earning a wage/salary gives you financial security as you
have income at regular intervals. This allows you to buy necessities as well as
the occasional luxury. It also gives you the opportunity to save for the future.
Knowledge and skills
Employment gives you the opportunity to increase your knowledge and skills by learning new things in the workplace. This helps you
get more jobs/promotion in the future
Buy a house
House: Employment may give you the opportunity to borrow to purchase
a home. Applying for a mortgage require proof of income and job security.