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Commerce > Employment and Work Futures > Flashcards

Employment and Work Futures Flashcards

1
Q

Non financial benefits of work?

A

Friends
relationship/connections
Experience

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2
Q

Financial benefits of working?

A

Savings
ability to buy essetnail needs
Maintaining a good standard of living

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3
Q

10 benefits of working?

A

Earn money
To improve standard of living
Status and prestige
Self satisfaction
To make friends
To help others
Disposable Income
To manage a housegold
To add to superannuation
Quality of life

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4
Q

WHat s proggressive income tax?

A

Higher income earners pay more than low income earners on tax so their is an even distribution pf income

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5
Q

What are social welfare payments?

A

Tax moneu is used for payments to do not contribute to the economy due to (diability, elderly chroniclly ill) Disability and age pensions and unemployment benefits

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6
Q

Features of a full time work employee?

A

COntinuing ongoing employment
number of hours per work is 38hours
range of entitlements

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7
Q

Features of part time work employees?

A

Ongoing employment
Number of hours per week is fewer than 38
Some entitlemetns

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8
Q

Features of a casual employee?

A

Shift work (weekly roster)
No access to entitlements

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9
Q

Feautes of an Apprenticeship employee?

A

paid to learn on the job
Training under a qualifed practitioner

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10
Q

Features of a traineeship?

A

Combination of employment and training in order to gain a qualification

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11
Q

Advantages of Full time work?

A

Job security
sick, annual lon sevice and parental leae
car benefits and bonsues

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12
Q

Advantages of part time?

A

Flexible hours
Possibiloty to experiecne more than one job or allow to study

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13
Q

Advantages of casual work?

A

Doesnt require skill
usually for a designated time frame
readily available

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14
Q

Disadvantges of casual work?

A

no entitlements
less job security
may not provide adequate income

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15
Q

People who are not regarded as part of the labour force?

A

Pensioners
Disabled people who are unable to work
Full time carers

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16
Q

WHat rewuirements do people need to fulfill to be considered employed?

A

15 or older
Wor one hour in the week or employed
have recieves, pay, profit, commission, or some kind of payment

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17
Q

What is the primary industry?

A

Produces raw materials (wood, fresh fruit)
Farming, mining, fishing

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18
Q

What is the secondary industry?

A

Change between raw materials into semifinished producs
Iron ore, coal and limetision inot steel

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19
Q

What is the tertiary industry?

A

Provide a service to others
retailers, dentists solicitors, banks and health workers

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20
Q
A
21
Q

What is the quinary industry?

A

All services that have traditonally been performes in the home
hospitality, tourism, craft-based activities

22
Q

Seven changes to patterns of employment?

A

Participation rates
Hours of work
Work life balance
Availability
Job security
Career length
Impact of technology

23
Q

WHy is there a change in Hours of work?

A

Due to the significant increase in part time employment during this peropd. Part time roles now exist in almost all industries

24
Q

WHy is there a chnage in work life balance?

A

Many employees are requesting work arrangements that improve work life balance. EMployers are recgnising the cost saving and benefits of a ‘family friendly’ workplace practices ti motivate and ratin skilled staff

25
Q

Why is there a change in Career length?

A

Career lengths are becoming shorter generally due to social reasons
Economic reasons
Career related Readed
Workplace inclusion/exclusion

26
Q

What are unions in the workplace?

A

Organisatopm that looks after workers in a particular job or industry. Their aim is to
Protect memebers
ensure fari treatment
Promote quality of life issues

27
Q

What is paid parental leave?

A

Enables workers to recieve pay while off work with newborn children. In Australia they provide payment for the first 18 weeks of the childs life

28
Q

What is PAYG?

A

Progression tax system, which increases the porpotion of paid tax when icnome increases

29
Q

What is work health and safety?

A

The safety and oritectopm of employees and outlines the legal requirements for employees and employers

30
Q

What is the equal employment oppurtunity?

A

The principal that everyones can have equal access tk employment oppurtunitues based on merit. Thus based on laws that include Sex, Age, Disability, Racial dicrimination act

31
Q

Three fair dismissal practices?

A

Summary dissmisal - serious breach of behaviour
Dismissal by Notice - Failure to perform job
redundancy or retenchment - no longer needed

32
Q

What are the fair work commission and fucntions?

A

Dealing with:
unfari dismisssal, bullying

33
Q

What are the modern Awards?

A

The legally enforceable minimum terms and conditions that apply to a business or industry. include info about:
wages
rest breaks, hours of work
allowance for unifroms or tools
leave, including sick, holfuday, long service, study, familu nad maternity leave

34
Q

Advantages of the modern awards?

A

Employee safety
Cover all employees performing similar job
Sets rules or minimum pay and conditions

35
Q

Disadvantages pf the modern awards?

A

Unflesibe
pREVENT RECOGNITON OF INDIVIDUAL INTITIATIVE AS ALL EMPLOYEES RECIEVE THE SAME PAY

36
Q

What are the enterprise agreements?

A

A negotiates agreement about pay and conditions madeat a workplace/enterprise level betwee an employer and a group of employees or union

37
Q

Advantages of enterprise agreements?

A

Employees have a say
greater flexibility
Access to training
Possibility og improved pay and conditons

38
Q

Disadvantages of enterprise agreements?

A

Undermining of awards standards
Job losses
Greater inequality of wage rates between employees

39
Q

What is a greviance procedure?

A

A formal and strcutures way to adress conflicts or problems, ensuring fairnesss and proper resolution

40
Q

What is a negotiation?

A

A discussion and bargaining process between employers and employees with the aim of reaching a mutul understandng

41
Q

What is a mediation?

A

Refers to a strucutres proess in which a neutral third oartt helps facilitate discussions and negotations

42
Q

What is conciliation?

A

Mutual third party helps to assist parties involved to find mutual acceptance

43
Q

What is arbiation?

A

A formal process where both oarties present their evidence and a final decision is enforced

44
Q

Four causes of unemployment?

A

Economic growth and conditions
Structural changes
Technological change
Outsourching

45
Q

What is structural unemployment?

A

changes in the structure of the economy over time due to technology chnages and chnages in the pattern and nature of cosnumer spenifnf

46
Q

WHat is frictional unemployment?

A

Chnage in employment environments

47
Q

What is Cyclical unemployment?

A

downswing and recession phases of the trade cycle

48
Q

WHat is seasonal unemployment?

A

Occupations tha depend on nature for work

49
Q

What are some benefits of education and trainign?

A

Higher income
Opportunity for promotion
Adaptability

Commerce (4 decks)

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