managing people Flashcards
how are staff an asset
something valuable to the business
their skills and ability add value to products
how are staff a cost
they have to be paid for work they do meaning they are a cost to the business
to make sure staff arent under paid, have national minimum wage
what is a contract of employment
legally binding agreement between employer and employee about what duties/rights e.g salary, hours etc
what does dismissal mean
when contract of employment has ended
choice of the employer not employee
can be reffered to as fired or sacked
what does redundancy mean
occurs when employees job is no longer required
e.g doesnt need as many staff anymore, closing down
cost money to business as they have to pay employee with redundancy payment if been in business for at least 2 years
zero hour contracts
when staff work as and when they are needed
staff under no obligation to accept work
can be difficult for employers to find enough staff in time
permanent contract
has no end date
may be motivating for workers due to high financial security
flexible hours
workers set number of daily/weekly/monthly hours at times that suit them
may prefer to start earlier to leave earlier in the day
outsourcing
business outsource some tasks to external businesses
e.g getting them to produce markting materials
good for business as dont have to pay for trainign staff for tasks that may only need doing now and again
why are employee and employer relationships so important
maximises cooperation therefore amount of work done
