Workplace and employment

Question 1

Financial Benefits of Work

Answer 1

Earning income
being a consumer
exchanging money
ability to buy what you want and needN

Question 2

Non Financial Benefits of Work

Answer 2

opportunity to learn skills
meeting new skills
developing strengths
making friends
being happy

Question 3

Employees

Answer 3

People who work for another person or entity for financial compensastion

Question 4

Contractors

Answer 4

hired for specific job for specific amount of time to cut business costs

Question 5

Employers

Answer 5

Responsible for providing a safe workplace, adequate financial compensation for employees under them

Question 6

Trade Unions

Answer 6

An organisation with a purpose to maintain or improve the conditions of employment

Question 7

Employer Association

Answer 7

Range of services to members such as legal advice, representation, and beneficial policies

Question 8

Governments

Answer 8

Enforces and sets workplace standards by regulating minimum wage, leave, and superannuation entitlements

Question 9

Types of Employment

Answer 9

Paid
Unpaid
Full TIme
Part-Time
Casual
Self Employed
Traineeship
Apprenticeships
Voluntary

Question 10

Paid Work

Answer 10

Performing services in return for money

Question 11

Unpaid

Answer 11

tasks performed without payment

Question 12

Full time

Answer 12

Ongoing
38+ set hours
Range of entitlements

Question 13

Part Time

Answer 13

Ongoing
Less than 38 hours
Fixed or variable hours
Pro-rata basis

Question 14

Casual

Answer 14

As needed
Varying hours
Loading for compensation

Question 15

Self Employed

Answer 15

Individual who works for themselves

Question 16

Traineeship

Answer 16

Combined employment and training in order to gain qualifications

Question 17

Apprenticeships

Answer 17

Trainign that involves following and studying a qualified practitioner of trade.

Question 18

Voluntary

Answer 18

No financial payment, done for satisfaction out of helping others.

Question 19

Wages

Answer 19

Fixed regular payments paid in increments.
Casual gets an hourly rate
Full-time can be paid weekly, fortnightly etc.

Question 20

Salaries

Answer 20

The total package of renumeratoin.
Include base pay, superannuation, leave allowances, and bonuses

Question 21

Commissions

Answer 21

Percentages or “cuts” of bigger sales

Question 22

Profits

Answer 22

Self employed people make income

Question 23

Dividends

Answer 23

A sum of money regularly paid out to shareholders

Question 24

Impacts of Tech and Globalisation

Answer 24

Tech:
remote work
automation
flexibility
productivity monitoring

Globalisation:
cultural diversity
24/7 operations
job mobility
wage disparities
increased competition