People In Business Flashcards
What are the benefits of having full time staff over part time?
They’re available for longer periods of time (can do more work)
What are the benefits of having part time staff over full time?
They’re cheaper to employ
They may be more motivated than full time staff
Outline 2 external ways a business may try to recruit staff?
Employment agencies
Recruitment websites
Job centres
What are the advantages of recruiting staff internally?
It’s cheaper than external recruitment
The position can be filled more quickly
The person who has been promoted will leave a vacancy for their job.
There’s no new blood no new ideas
What are the advantages and disadvantages of recruiting a member of staff externally over internally
This brings new ideas new blood to the business
The advertisment will be seen by awide range of people so the candidate picked for the job may be more suited than someone whose internally picked.
It’s more expensive than internal recruitment
What is the difference between a wage and salary?
A wage is usually paid to manual workers and they change depending on the amount of work done
Salaries are a fixed amount and are paid every month
What’s the advantage and disadvantage of a salary?
The firm and worker know exactly how much the pay will be (helpful when budgeting)
Salaries stay the same no matter how well the employee performs it doesn’t reward improved performance.
What is a time rate?
When the wage is based on how long the employee works
What is a piece rate?
Where the wage is dependant on how much work the employee does
What is the advantage of a time rate based wage?
It encourages people to work long hours
What is the disadvantage of a time rate based wage? And what type of job does it to suit
It gives people the incentive to work slowly , so it’s best for jobs where it’s difficult to measure output like driving a bus
What is the advantage of a piece rate based wage?
It encourages people to get more work done and work faster.
Quality may suffer
What factors affect how much an emoloyee is paid?
Their age
Experience
How much the employee is worth to the business
Why is it important that staff are motivated?
Motivated workers perform better as they will produce more and better quality products
they will also stay with the company for longer reducing staff turnover which saves the company money as they won’t need to spend as much on recruiting and training new workers
How does training motivate staff?
It makes them better at their jobs and people usually enjoy what they’re good at.
