- Created by: Sarah
- Created on: 04-05-11 14:04
Net Pay- After deductions (national insurance, etc..).
Gross pay- Before dedcutions.
DRABC- Danger Response Airways Breathing Circulation
Wage- Money recieved per month.
Salary- Money recieved per year.
Piecework- Work paid for according to the quantity produced.
Superannuation- An old-age pension: a monthly payment made to someone who is retired from work.
PAYE- Pay As You Earn
Fixed-term Contract- A contract which is valid only for a pre-arranged time.
Minimum Wage- The minimum wage you can recieve for work, based on athe age of the worker.
Redundancy- When an employer fires you, normally with redundancy pay.
Flexi-time- Working your hours to suit you, working enough hours in the week to take Friday afternoon off
Full-time- Work every day, normally 9 until 5
Self-employed- Managing your own company.
Freelance- Employed while there is the work but employer does not pay taxes of National Insurance contributions - the employee has to.
CAD- Computer Aided Design.
Process of getting a job- Job advert --> Send for application form --> Complete application form --> Interview --> Acceptance letter --> Start work
P45- From your employer when you stop working for them, it's a record of your pay and the tax that's been deducted from it.
P60- Summary of your pay and the tax that's been deducted from it in the tax year.
Tax Code- It describes to employers how much tax to deduct from an employee.