employees

Question 1

how are employees an asset of a business

Answer 1

asset as they are something within a business that is valuable
skills and abilitis of staff mean they are able to add value to a product
businesses should treat their staff as assets by training them and looking afte them
thereofre, more motivated, therefore increased prodcutivity

Question 2

how are emplyees a cost to a business

Answer 2

get payment for the work they do, so they are a cost to a business
remuneration-wages or salary
to protect workers, national minimum wage is set to assure businesses must pay their employees an hour

Question 3

what is wage

Answer 3

wage is paid to workers based on amount of work tehy ave done

Question 4

what is a salary

Answer 4

fixed amount paid monthly

Question 5

what otheer ways are employees a cost to the business

Answer 5

involved in recuritment and training of staff
staff wellfare, making sure that staff have safe and comfotbale working conditions

Question 6

what is the difference between dismissal and redundancy

Answer 6

disimisal-when the contract of emplyment has ended
decsion made by emplyer not employee
can be reffered to as fired or sacked

redundancy-occurs when employees job is no longer required
e.g beacuse business is reducing the amount of staff or its closing down etc

costs business money as have to pay reducncy payment to staff that have been working there for at least 2 years

Question 7

what is a contract of emplyment

Answer 7

what every employee has
its a legal agreement between employer and emplyee about duties and rights
e.g hours salary etc