1)
Full-Time and Part-Time Employees
Full-time employees work on a regular basis for an average of 38 hours per week.
Part-time employees usually work less than 38 hours per week and generally have regular hours.
Casual Employees work on an irregular basis depending on the demands of the business
Fixed Term or Contract Basis employments mean you can employ someone on a certain contract for a length which is agreed on to perform certain jobs and tasks.
Apprentices and trainees work towards earning a national recognised qualification. They usually are registered via a contract
Commission payments and piece rates are paid to employees in certain circumstances. It means you will pay them due to achievements rather than hourly or weekly pay.
Disadvantages for commission and piece rate employees
Part-time employees usually work less than 38 hours per week and generally have regular hours.
Casual Employees work on an irregular basis depending on the demands of the business
Fixed Term or Contract Basis employments mean you can employ someone on a certain contract for a length which is agreed on to perform certain jobs and tasks.
Apprentices and trainees work towards earning a national recognised qualification. They usually are registered via a contract
Commission payments and piece rates are paid to employees in certain circumstances. It means you will pay them due to achievements rather than hourly or weekly pay.
1A. Describe in detail the pros of employment that you’d identified in task 1.
Advantages for full time employees
- The hourly wage for an employee is generally much less than a freelancer (someone who works by the hour rather than a daily for one person)
- You know what you always have employees that you trust and can rely on what you need the
- Continually training new staff on how you want things done is not something to worry about
Advantages for part-time employees
- Effective way to keep cost down in areas where you don't yet need full-time cover
- Being able to show potential clients and customers that you value having a diverse workforce and ethical employment practices
- Helping to reduce the workloads of other works,e.g. when you don't have enough work for a new full-time position but are regularly using overtime to meet demands
Advantages for casual employees
- Not having to work full time hours and the ability to pursue/perform other responsibilities, leisure activities
- Higher hourly rate
Advantages for fixed term
- Fixed-term contracts can be very useful to cover a period of maternity leave or long term sick leave, to do a job where funding been provided to undertake a specific task, or to do some seasonal work.
- Some employers may use short fixed term contracts as a short period of sorts to see how the employee works, what they bring to the table and how they possibly fit into their organisation
Advantages for Apprentices and Trainees
- increased workforce flexibility and capability through supporting skill development of new and/or existing employees to allow them to take on more difficult tasks to show how they will fair with these sort of opportunities.
- Professional and career development opportunities are offered to motivate and retain key employees and keep them on.
Advantages for Commission Payments
- Pay based on commission is beneficial to employees because they receive pay based on their skills and the work that they do for employees who works hard and who are skilled in sales.
1C:
Disadvantages for full time employees- They generally always expect benefits such as holiday, sick and maternity pay
- You will always have salaries to pay, even if your business is having a bad period in time
- You'll have specific payroll paperwork that is legally required also, you are responsible for your employees training and professional licensing requirements.
Disadvantages for part time employees- Recruitment costs may be greater than if you were taking on single full-time worker
- There could be additional costs in terms of provision, benefits and training
- The job-sharers may spend more time supervising two workers instead of one
- You have no guarantee to regular hours of work which, in turn, means no guarantee of regular income. Therefore, if you are looking for work in order to earn a steady stream of income, casual employment may not be the best option for you.
Disadvantages for fixed term and contracts employees- In order to get the right candidate for the role this can prove to be challenging to any recruiting manager because the length and terms of terms of the FTC, in turn, this can seriously compromise the quality of the potential applicant. When the notice period and legal termed items are written and finalised in the FTC, it must be advised that this needs to be done with close attention to the detail.
Disadvantages for apprentices and trainees
- Your starting salary might be much lower than that of a graduate. The minimum wage for apprentices is only £2.73 an hour. However, that is the rock-bottom rate; many apprentices earn much more than this.
- Having an undergraduate degree will be an essential requirement for certain careers, in areas such as medicine and science. Graduates are valued by most employers also.
- The apprenticeship route does not always necessarily get you in to certain career paths
- It's virtually impossible to predict how much product can be created within a set time under this system, because the system doesn’t easily lend itself to regulating and encouraging a production line Sick or injured workers.
2. What does Labour market mean?
A Labour market is the place where workers and employees interact with each other. In the Labour market, employers compete to hire the best, and the workers compete for the best satisfying job.
2A. Local- Tower Hamlets the Labour market has 113,219 residents in employment in tower hamlets, translation to an employment rate of 57.6 per cent for the 16 to 74 age group. The employment rate was significantly below was significantly below the London(62.4 per cent) and England(62.1 per cent) averages.
National- 1. main points in 2018- Estimates from the Labour force survey show that, between October to December 2017 and January to March 2018, the number of people in work increased, the number of unemployed people decreased and the number of people aged from 16 to 64 years not working and not seeking or available to work also decreased.
European- the main results for 2016 of the EU Labour force survey for the European Union as a whole, for all member sates individually, as well as for two candidate countries and three EFTA (European Free Trade Association) countries. These include; Iceland, Liechtenstein, Norway, and Switzerland.
Global- A global market is not limited to specific geographic locations but rather involves the exchange of good, services, and labor anywhere in the world. For example, a business may be located in the United States. It may purchase components for one of its products from Japan, South Korea, Germany, and Mexico.
2B.
Careers advice- I think careers advice will help because they will give advice on what job will best suit you due to your interests possibly
Internet- I think the internet is one of the best ways to find a job because of advertisement websites that promote jobs when a vacancy pops up meaning you will be instantly notified.
Public transport- Public Transport have advertisement boards to promote jobs and also give apps you can download to look for potential jobs.
