Types of employment and work arrangements

Question 1

Types of employment and their features

Answer 1

Casual (no set working hours) - No entitlements but financial compensation (loading)
Part-time (employment with <38 hrs/week) - Entitlements on a proportional basis (pro rata basis)
Full-time (employment with >38 hrs/week) - More entitlements and rights
Seasonal (employment recurring around a time period)
Self-employed

Question 2

Forms of income and their features

Answer 2

Wages (earnt on an hourly basis)
Salary (fixed payment, paid weekly/fortnightly/monthly)
Commission (cut of a sale)
Profits (for people who are self-employed, this is their income)
Dividends (sum of money paid by a company to its shareholders)