Occupations and Earning Flashcards
1
Q
Factors that influence choice of occupation (5)
A
- Wages/Salaries
- Job satisfactions
- Career prospects
- Recognision in the job
- Fringe benefits
2
Q
Wages/Salaries are made up of 4 different things –> together they are called earnings
A
1) Basic Pays
2) Overtime
3) Bonus
4) Commision
3
Q
Job Satisfactions (3)
A
- Voluntary
- Make new contacts
- Learn new skills
4
Q
Career prospects –>
A
possibility of getting promoted to a higher position
5
Q
Recognision in the job –>
A
level of praise and recognition for worker’s performance
6
Q
Fringe benefits (6)
A
- Housing allowance
- Study allowance
- Lease car
- Discounted / free company goods
- Amount of holidays
- Pension scheme / financial scheme for retirement
7
Q
payment for labour (4)
A
- Time rate (per hour)
- Piece rate (per piece of output)
- Fixed annual rate (usually paid per month)
- Performance related payments (based on performance; professional sports players)
