Employee Expectations (VCE SSCE Business Management): Flashcards

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Employee expectations
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Two criteria for effective rewards

Attainable and worth attaining

Conditions of employment definition

Specific remuneration/benefits received in exchange for work

Body that verifies awards & enterprise agreements

Fair Work Commission (FWC)

Fair Work Ombudsman's role

Protection for workers treated unfairly by employers

Remuneration definition

Payment for work (cash and/or fringe benefits)

Standard working week in Australia

38 hours per week

Typical overtime rate

1.5 times the normal rate

Number of casual workers in Australia

Approximately 2.3 million

Casual loading percentage

Typically 20-25% on top of hourly wage

Work-life balance definition

Relationship between work and other life commitments

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