Words 1.4 Flashcards
Remuneration
The entire package of material rewards received by an employee eg pay , pension , plus fringe benefits eg company car and private health insurance
Outsourcing
Paying another business or individual as a contractor to undertake a task which could otherwise be completed by an employee eg a technical specialist to manage your website
Labour turnover
Number of staff leaving a company as a percentage of the number employed
Subcontracting
Using another business to complete an aspect of operations (outsourcing a form)
Core workers
Employees essential to operations, often highly paid, good conditions and job security
Zero hour contracts
Theses are essentially work on demand with no commitment from the employer.rate of duties are agreed but the hours of work are sporadic ie needed one week but not the next
Severance
Word for the ending of a contract of employment with an employee and can be via dismissal or redundancy
Redeployment
Moving an employee to new job functions because the department has been closed or they are not good enough for there current post
Dismissal
Termination of an employees contract due to gross misconduct
Redundancy
Where a contract is terminated due to the role of the employee ceasing to exist
Trade union
An organisation representing the interests and goals of working people - members pay subscription to join
Collective bargaining
A group or a body which represents employees negotiates changes on behalf of the employees eg trade unions or work council
Individual approach
Where an individual discusses issues relating to their terms and conditions and of employment with their employer
Lean production
Japanese measures that describes a range of time saving measures eg jit and flexible specialisation
Absenteeism
Measure the rate of deliberate workforce absence as a proportion of the employee total