World of Work Flashcards
Casual Worker
- Employed on an ‘as needs’ basis
- No permanent weekly roster
- Hours vary from week to week; for instance, 10 hours one week and 3 hours the next
- May work for more than one employer
Part-Time Worker
- Ongoing employment
- Number of hours per week is fewer than 35
- Number of hours may be fixed or variable
Full-Time Worker
- Ongoing employment
- Number of hours per week is 35 or more
Employer
A person or organisation hiring people to work for them.
Employment
An act or instance of employing someone or something.
Unemployment
The unemployed are those people who are actively looking for work, but are not presently employed.
Underemployment
Employed at a job that does not fully use one’s skills or abilities or
employed only part-time when one is available for full-time work.
How to calculate the unemployment rate
number of people unemployed 100
————————————————————— x ——
number of people in the labour force 1
Award
An award is a legal document that relates to a particular industry. For example, awards cover working conditions for the hospitality, retail and transport industries.
Allowance
Money to reimburse a worker for clothing, equipment, etc.
Penalty Rate
Extra pay for work done on weekends and/or holidays.
Fair Work Commission
The fair work commission (FWC), formerly known as Fair Work Australia (FWA), is the Australian industrial relations tribunal created in the fair work act in 2009.
Gross/Net Pay
On your pay slip you will see gross pay and net pay amounts. Gross pay is the amount you are paid before there are any deductions. So if your wage is $30,000 per year, that is your gross pay. Your net pay is the amount you receive after tax.
Wage
Money that is paid or received for work, as by the hour, day, or week.
Salary
Regular amount paid every fortnight or month. NO PENALTY RATES
