Pattern And Trends: Workplace Flashcards
What are the four specific concepts for workplace
- Income
- Status
- Living wage
- Wealth
What are four broad areas of patterns and trends of social inequality
- Workplace
- health
- can use workplace again
- education
What is the concept 1 of income for work and employment ?
Income is the flow as income flows in and out of people and entering people banks account
Patterns and trends of income for work and employment ?
- universal credit allowance falling short for many low-income families
- FTSE 100 CEOs (high pay centre,2023)
According to universal credit allowance statics how are is basic benefits affecting low income household ?
Basic benifits given to low income households are £140 a month below the real cost of food, energy, and everyday basics
By how much a month is the real cost of food and energy below according to universal credit allowance ?
£140 a month
What does Joseph Rowntree Foundation and Trussell trust say about universal credit ?
Inadequate benefits is the main reason for explosion of destitution and food bank use and urge coherent to bring universal credit rates into line with minimum living cost
According to FTSE 100 CEOs (high pay centre, 2023) how long does it take a typical FTSE 100 ceo to get paid what a typical uk worker gets paid a year ?
30 hours
What does it take for 30 hours to get paid what a typical worker in Uk in a year ?
typical FTSE 100 CEOs
What is the median salary of FTSE 100 CEOS?
£3.4 Million
How much does a FTSE 100 CEO , get paid approximately hourly ?
£1000 per hour
What is the status concept ?
Prestige , respect and social honour based on position in society
What is status in terms of workplace ?
Hierarchy of occupations with higher status jobs with more pay
What is the pattern and trends for concept of status in the workplace ?
- Non financial rewards
- other financial rewards
- opportunities for advancement
What is non financial rewards ?
In work difference of status in reflect difference of income
What are the examples of non financial rewards ?
Different uniform or work dress ,
Canteens and rest facilities for different grade of workers
What is other financial rewards ?
Non routine workers do not only earn less pay but less likely to enjoy other perks
What is example of other financial rewards ?
Less likely to enjoy perks such as occupational pension or longer holiday
What is opportunity for advancement ?
Often in profession jobs there is a career ladder for employees to train and move up to higher paid jobs
What is concept 3: living wage
Hourly wage relate that be more than the money to simply live
What is the Statics for living wage for workplace ?
- resolution foundation found that 77% of employees aged under 20 earned less than the living wage
- resolution foundation found that 2/3 of restaurant and hotel workers 67 % payed below the benchmark
According to the Resolution foundation What percentage of employees aged under 20 earned less than the living wage ?
77%
According to resolution foundation 77% aged what earned less than the living wage ?
Aged 20
According to resolution foundation , how much hotel and restaurant workers were paid below the benchmark ?
2/3 or 67%
What is wealth in terms of workplace ?
Stock concept , measures the economic resources, assets and possessions of a person at a fixed point in time
According to the equality trust 2019 , how much of the richest people own 45% of the UK’s wealth ?
Top tenths
According to the equality trust 2019 , the richest top tenth of the country owns how much of UK’s total wealth ?
45%
How much wealth does the poorest 10% own to the countries wealth according to the equality trust 2019 ?
0%
How is wealth spread across Britain ?
Unevenly spread
Which location is the wealthiest across all regions
South east
What is the median household total wealth in south east ?
£387,400
£387,400 is over how much amount of wealth in what location ?
Over twice the amount of wealth in households in the North West
