Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Chemistry G10 > Labour Relations > Flashcards

Labour Relations Flashcards

You may prefer our related Brainscape-certified flashcards:
Chemistry 101 flashcards AP® Chemistry flashcards Periodic Table flashcards Organic Chemistry 101 flashcards
1
Q

Define Segmented Market

A

Segmented market exists when there are different skills and employment requirements

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Define derived demand

A

Demand that is the result of the demand for another good

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Define wage rate

A

Payment for labour per hour, per week or per month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Define Labour conventions

A

Labour standards developed by the international labour organisation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Define Collective bargaining

A

When workers negotiate as a group with employers with regard to working conditions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Define bargaining councils

A

Group of representatives from the major unions and employer groups within each sector

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the labour force participation rate

A

The formula used to express the percentage of the population that is presenting itself for work and that is earning a wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is Mediation

A

A negotiation to resolve differences that is conducted by an impartial party

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is Conciliation

A

Bringing parties together and getting them to agree on a certain course of action

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is Arbitration

A

The hearing and determination of a dispute by an impartial referee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is Equality

A

Refers to all people receiving the same fair treatment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is a labour market (6)

A

A market where labour is traded
A factor market
Is people-orientated
Only trades working terms
Income of people is determined by the jobs done
Supply and demand within the labour market determines what wages are paid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the 7 differences between the labour market and goods market

A
  1. Workers usually have to be physically present when their services are used. Factors such as location of employment are more important in labour markets
  2. Labour services are not transferable.
    Goods are transferable
  3. Labour is always rented rather than sold.
  4. Labour markets are characterised by trade unions, employee’s associations, collective bargaining and government intervention.
  5. Labour is usually employed by long term contracts.
  6. Labour is heterogenous it cannot be classified or standardised.
  7. The payment of labour does not only consist of wages.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the 2 determinants of the Demand for Labour

A
  1. Performance of the economy
  2. Productivity of Labour
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the characteristics of the performance of the economy as a determinant of demand for labour (3)

A
  1. If the economy grows, more goods and services are sold, thus more labour is employed
  2. If the economy is in recession, fewer goods and services are sold and less labour is employed.
  3. In a recovery phase, the opposite of number 2 occurs
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the characteristics of labour productivity (3)

A
  1. Productivity is the relationship between real output and the quantity of input used to produce that output
  2. Productivity is, therefore a measure of input efficiency
  3. Labour productivity is the number of units of output obtained from a unit of labour input
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is the productivity calculation

A

Productivity = Increase in output / Increase in input x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Define the basis of an increase of demand for labour

A

When the economy is growing, more workers are employed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Define the basis of an increase of supply of labour

A

Within the economy, more people will give up their leisure time and work if wages are higher

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What are the 3 factors that affect supply of labour

A
  1. Population growth rate
  2. Labour Force participation rate
  3. Skills and other competencies
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

How does ‘skills and other competencies’ influence the supply of labour

A

All the workers in the aggregate labour supply may not have the skills and other competencies required.

22
Q

What are wage rates determined by

A

The demand and supply of labour

23
Q

What is market failure (2)

A
  1. If unemployment is in excess of its natural level
  2. Labour market failures are shortages of skilled labour, workers that are in jobs that they are not best suited for, lack of training, and wages that are above or below their equilibrium levels
24
Q

What are the 8 reasons for market failure in the labour market

A
  1. Immobility of labour
  2. Oligopoly Employers
  3. Trade Unions
  4. Market inflexibility
  5. Lack of information
  6. Attachment between workers and employers
  7. Lack of training
  8. Discrimination
25
Q

What is ‘immobility of labour’ ‘s role in market failure

A

Geographic - Workers can’t move from one location to another
Occupational - Workers may not be trained for the kind of work that is available

26
Q

What is ‘Oligopoly Employers’ role in market failure

A

In a market where there are few employers, they have the power to determine wage rate and employment. It is thus more likely to be lower than a free market

27
Q

What are ‘trade unions’ role in market failure

A

Trade unions may push the wage rate above the equilibrium price which prevents market clearing. It will worsen unemployment.

28
Q

What is ‘Market inflexibility’ ‘s role in market failure

A

The market fails to adjust to changing conditions because workers are overprotected. Employers switch to capital intensive technology.

29
Q

What is ‘Lack of information’ ‘s role in market failure

A

Workers may be unaware of vacancies with better benefits.
Employers may not always appoint the most productive workers as they are not in touch with all the potential workers

30
Q

What is the ‘attachment between workers and employers’ role in market failure

A

Workers may stay in jobs that pay poorly because they like working for their present employers

31
Q

What is ‘lack of training’ ‘s role in market failure

A

Some workers and forms take a short-term view and underestimate the benefits of training

32
Q

What is ‘discrimination’ ‘s role in market failure

A

When workers are treated differently to others in the same job.

33
Q

What is the LRA

A

Labour Relations Act

34
Q

What is the general purpose of the LRA

A

Advance economic development, social justice, labour peace and democratization of the workplace

35
Q

What does the LRA therefore do (7)

A
  1. Govern relationships between employers and employees
  2. Enforces the fundamental rights in all labour-related issues
  3. Sets rules so that employers manage employees fairly
  4. Ensures employees earn fair wages
  5. Ensures employees perform duties to the best of their abilities
  6. Provides a framework for collective bargaining
  7. Promotes the effective resolution of labour disputes
36
Q

What is the BCEA

A

The Basic Conditions of Employment Act

37
Q

What is the purpose of the BCEA

A

Advance economic development and social justice

38
Q

What is the primary objective of the BCEA

A

Ensure workers’ rights to fair labour practices

39
Q

What are the 5 typical issues covered in the BCEA

A
  1. Working hours
  2. Leave and sick leave
  3. Public holidays and yearly holidays
  4. Wages, salaries and deductions
  5. Termination of employment
40
Q

What are 3 other problems the BCEA specifically addresses

A
  1. Child labour
  2. Overly long working hours
  3. Lack of fair payment or mistreatment of vulnerable workers
41
Q

What is COIDA

A

The Compensation for Occupational Injuries and Diseases Act

42
Q

What does COIDA do

A

Provides for the payment of compensation for disability caused by injuries or diseases in the execution of work duties

43
Q

What are the 6 types of employees that are not covered by COIDA

A
  1. Any employee guilty of misconduct
  2. Domestic workers
  3. People in military training
  4. The SAPF or Defence Force
  5. Foreigners
  6. People who are temporarily employed
44
Q

What does the Labour Court do

A

Handles labour disputes

45
Q

What are the 3 participants in collective bargaining

A
  1. Workplace Forums
  2. Bargaining Councils
  3. Labour or trade unions
46
Q

What are workplace forums

A

Formal meetings between the representatives of labour unions and employers

47
Q

What is a bargaining council

A

A group of representatives from both the labour unions and the employer’s organisations in a particular industry

48
Q

What is a labour or trade union

A

A workers’ association that aims to help employees achieve good wages and working conditions through collective bargaining

49
Q

What is the CCMA

A

The Commission for Conciliation, Mediation and Arbitration

50
Q

What does the CCMA do

A

Provides fair judgement and mediation between opposing parties in a working environment

Chemistry G10 (10 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions