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List TWO features of an employment contract - HSC - SSCE Business Studies - Question 21 - 2009 - Paper 1
Question 21
List TWO features of an employment contract. Outline TWO advantages and TWO disadvantages of using casual employment contracts for a business. (i) Advantages (ii)... show full transcript
Worked Solution & Example Answer:List TWO features of an employment contract - HSC - SSCE Business Studies - Question 21 - 2009 - Paper 1
Step 1
List TWO features of an employment contract.
Answer
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Written Agreement: An employment contract is often a written document that outlines the terms of employment, including job responsibilities, remuneration, and working conditions.
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Termination Conditions: It usually specifies the conditions under which either party can terminate the contract, including notice periods and reasons for dismissal.
Step 2
Outline TWO advantages of using casual employment contracts for a business.
Answer
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Flexibility in Workforce: Casual contracts allow businesses to adjust their workforce based on demand, providing the ability to hire additional staff during peak times without the commitment of long-term contracts.
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Cost-Effectiveness: Businesses may save on costs associated with employee benefits such as health insurance or retirement plans, as casual employees often are not entitled to the same benefits as full-time staff.
Step 3
Outline TWO disadvantages of using casual employment contracts for a business.
Answer
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Lack of Commitment: Casual employees may not have the same level of commitment or loyalty to the business, potentially leading to higher turnover rates and the need for continual training of new staff.
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Potential Skill Gaps: Relying on casual staff can lead to inconsistencies in service delivery or production quality, as casual workers may not have the same level of training or experience in the business's operations.