Business Studies - People in Business

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Define recruitment
attracting people to apply for a job vacancy
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Difference between part time+full time work
part time=working for a proportion of working week. full time= working full normal week
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Define internal recruitment
appointing existing employee of the business for new vacancy
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Define external recruitment
appointing an employee from another business
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Advantages of full time worker
fewer staff in total, easier to manage staff, lower recruitment and training cost
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Advantages of part time worker
two workers may be more flexible than one, number of customers may not justify a full time worker therefore save wages
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List the steps of recruitment methods
Job description, Person specification, Advertise job vacancy, Shortlist candidates and then Interviews
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Advantages of internal recruitment
already know workers strengths+weaknesses, cheaper as no internal advertising and make staff more loyal
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Advantages of external recruitment
new ideas+skills brought to the business, someone can have higher skills, doesn't create another vacancy that has to be filled
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How do you know how much to pay staff
skills needed by the job, experience of worker and how much other local firms pay
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How do you attract and keep best employees
monetary benefits= bonuses, pay for pension + non monetary benefits= (fringe benefits) company car, free health insurance
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define wage
employees paid fixed amount for each hour or day they work
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define salary
paid fixed amount per month/year no matter the hours worked
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define fringe benefits
rewards to employees not involving the payment of money
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define commission
when employees get a % of the amount they sell
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list monetary techniques to motivate staff
incentives to do with money= commission
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list non monetary techniques to motivate staff
incentives not to do with money= improved working conditions
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how does a training programme motivate staff
makes staff feel important and special as they are offered a chance to further their skills. Feeling a sense of achievement + working harder
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how does offering responsibility motivate staff
if workers are shown that they are trusted by giving them responsibility their work life becomes interesting therefore feeling a sense of achievement
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list three payment methods to motivate staff
overtime, piece rates, time rates
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list two non payment methods to motivate staff
job rotation and job enrichment
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What does the Equal Pay Act do
employers must pay workers equally (male and female have to get equal rates)
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What does the Minimum Wage Act do
minimum wage employers are allowed to pay employees depending on age
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What does discrimination legalisation do
illegal to discriminate eg= sex, race or disabilities EXAMPLES: Race Discrimination Act + Disability Discrimination Act
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What does employment rights do
employers must have right insurances against injuries to employees. employees must have = sick pay, maternity leave and holidays
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Wha does the health and safety act do
employees have the right to safe+healthy environment however employees are responsible for their own health+safety
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Other cards in this set

Card 2

Front

Difference between part time+full time work

Back

part time=working for a proportion of working week. full time= working full normal week

Card 3

Front

Define internal recruitment

Back

Preview of the front of card 3

Card 4

Front

Define external recruitment

Back

Preview of the front of card 4

Card 5

Front

Advantages of full time worker

Back

Preview of the front of card 5
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