Division of labour, separating big jobs into smaller jobs. Increasing quality, and creating interdependency
1 of 16
Why do people work?
Wage, skills, social aspect, job satisaction
2 of 16
Why dont people work?
in education, retired, supported by parents, children, kids
3 of 16
Name the diffrent types of payment
Salary, wage, commission, time rate, piece rate, fringe benefits
4 of 16
What is gross and net pay?
Gross is before tax, net is after tax
5 of 16
Name the deductions on pay slip?
NICs, income tax, pension contributions, membership fees
6 of 16
Name the four types of unemployment?
Frictional- between jobs, structual- permanent changes because of the loss of sectors in the economy, Seasonal- Duh. Cyclical- Random long term fluctuation in GDP because of less demand in the economy
7 of 16
What are the costs of unemployment on the person?
Loss of skills, unmotivated, poorer heealth
8 of 16
What are the costs of unemployment on the community?
lower standard of living, increase in crime, harder to get a job-excess supply
9 of 16
Costs of unemployment on businesses
Exess supply of jobs- wages fall, less business, multiplier effect
10 of 16
What are the government doing to minimise unemployment?
What is the good and bad of flexible working on the employer?
Good: costs les pp, more workers= more productive, more flexible workforce. Bad: More difficult to manage workers, employ more people, harder to coordinate workforce.
15 of 16
What is the good and bad of flexible working on the employee?
Good: fot around other commitments, more motivated, less stressed. Bad: Less likely to be promoted, less benefits
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