staff Flashcards
according to the data protection act organisations should…?
alter incorrect information
allow people to see information held about them
according to the data protection act what should organisations should not do?
hold any more information than is required
keep information for longer that is needed
sell or pass information on to anyone without the permission of the person
when are wages paid?
weekly
when are salaries paid?
monthly
methods of paying staff
cash
cheque
bank transfer - money is automatically transferred from the business to the employees bank account
gross pay
what you earn before deductions
net pay
is what you take home after deductions
statutory deductions
money that has to be taken from your gross pay
examples of statutory deduction?
income tax and national insurance
voluntary deductions
this means money that employees can choose to be taken from their gross pay
examples of voluntary deduction?
pension, council tax, government schemes
flat rate
wages/salaries are quoted at a particular rate
time rate
pay is quoted at a rate per hour. overtime may be paid
how to work out gross pay of time rate payment method?
hours worked x hourly wage rate = gross rate
piece rate
pay is decided by the number of units produced (the more the staff produce the more they earn). this system would work in a factory in a production line. minimum wage will also be paid so nobody goes home empty handed