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AN#CO#2011#2#Def
Commerce Topic 2 Definitions 2011
| Question | Answer |
|---|---|
| Employee | A person who works for another and is rewarded with a wage or salary |
| Self employed | A person who operates their own busniness and earns their income by selling goods and services |
| Pro-rata | The percentage of a time worked by part-time workers in proportion to the wage they receive |
| Working age population | All members of the Australian population who are 15 years and over |
| Labour force (workforce) | The total number of people who are employed and those unemployed |
| Participation rate | The labour force divided by the working age population as a percentage |
| Unemployment rate | The total unemployed divided by the labour force |
| Award | A set of minimum requirements which employers must follow when employing a person who fits into a certain category (award) |
| Austraian Workplace agreement (AWA) | Individual agreements negotiated between an employer and an employee |
| Certified agreements | An agreement negotiated between a group of employees and their employer |
| Rate of unemployment | Members of the labour force who are unemployed and actively seeking employment |
| Structural unemployment | People who are retrenched due to their skills no longer being needed as their work has been replaced by machines |
| Cyclical unemployment | The level of unemployment which changes during boom and bust time |
| Frictional unemployment | People who are temporarily unemployed due to moving between occupatioons or leaving school |
| Hidden unemployment | People whom have given up on seeking employment |
| Seasonal unemployment | The result of unemployment due to the seasonal nature of work e.g. fruit picking |
| Long-term unemployment | People whom have been out of employment for at least 12 months |
| Hard-core unemployment | People who are unsuitable for employment due to personal characteristics |
| WorkCover | The division of the NSW government who aim to ensure that work places are healthy, productive and safe |
| Discrimination | To exclude a person based on characteristics which a person possesses |
| Unlawful dismissal | The fireing of someone in a manner which is against the law |
| Unfair dismissal | The fireing of someone which is legal although unjust |
| Redundancy | An employee loses their job as work is no longer available due to economic, technological and other reasons |
| Outsourcing | The employment of another organisation to fulfill a role in yours |
| Piecework | The payment method which a worker recieves work per item produced |
| Trade union | An organisation who aims to improve the wages of workers, provide job security, gain better working conditions and benefits for its members |
| Stop Work Meeting | Industrial action which workers refrain from performing their expected taks in order to achieve better circumstances |
| Go slow/work to regulation | An industrial action where workers perform their work at a decreased pace in order to achieve better circumstances |
| Overtime ban | A ban on working overtime imposed by the employee |
| Lockout | The employer prevents any employee from entering the workplace |
| Black-list | Making it difficult for the ringleaders of any industrial pursuit from obtaining other employment |
| Picket line | A line of protesting employees which make it difficult for those not protesting to get into the workplace |
| Scabs | Workers who work during a strike |
Created by:
PCGEEK
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