ci 2 unit 7 vocab
TRANSCRIPT
AcademicVocabularyUnit7:EvolutionofWorldofWork
GlobalSociety• The tendency of
businesses and investment funds to move beyond domestic and national markets to other markets around the globe. Thereby increasing the interconnectedness of different markets.
GreenCompany
• An ongoing trend where companies and businesses operate in an environmentally responsible manner.
• Flex Time: A variable work schedule, it provides an alternative to the traditional 9:00 to 5:00.
• Employees like it because they can make their work schedule fit their personal lives a bit better (dealing with their children, college classes, doctor's visits, etc...).
• Employers sometime like it because occasionally they can lower overhead by having employees share work space, can offer more customer service to their clients due to employees being available for a longer window of time.
Flex-Time
CompTime
• Timethatanemployeeisallowedtotakeoffinlieuofreceivingovertimepay.Thisisaformofcompensationinlieuofmoneyforovertime.
Telecommuting
• Somebusinesswillallowanemployeetoworkathomeviaacomputer,fax,webinars,Skype,Face-Time,andphonecommunication.Thisisasimple"green"businessstrategyasittakesavehicleofftheroad.
FringeBenefits
• Advantagesofferedinadditiontosalarysuchas-lifeinsurance,retirementschemes,paidtimeoff,companycar,etc...
UnemploymentBenefits
• Paymentmadebythestatetoanunemployedperson.
Full-Time&Part-TimeEmployeeThereisnospecificnumberofhoursthatanemployeemustworkbeforehebecomesafull-time
employeeunderfederallaw.Thatdefinitioniscreatedbytheemployer.
• Mostemployersdefinefull-timeemployeesasthosewhoregularlywork35to40hoursaweek.Theseemployeestypicallyareentitledtobenefitssuchaspaidsickleaveandvacationandinsurancecoverage.
• Part-timeemployeesareanyemployeeswhoworklessthanafull-timescheduleandmayreceivesomebenefits.Temporaryemployeesmayworkeitherafullorpart-timeschedulebutareusuallyhiredforaspecificprojectorforafiniteperiodoftimeanddonotreceiveanybenefits.
ContractEmployeevs.FullTimeEmployee