Different ways of working (Edexcel GCSE Business): Flashcards

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Different ways of working
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Full-time employment: typical hours per week

35-40 hours per week

Part-time employment: purpose

Reduced hours for work-life balance & varying workload

What are flexible hours contracts?

Adjust working times within agreed parameters

Permanent contracts: end date

No fixed end date, ongoing employment

Temporary contracts: purpose

Short-term projects or covering staff absences

Freelance workers: employment status

Self-employed individuals, not company employees

Flexible working: key business benefit

Greater control over operational costs

Flexible working: key drawback

Workers may feel less committed, affecting productivity

Remote working: definition

Work from home using digital tools for communication

Video conferencing: benefit

Saves time & travel expenses, no face-to-face needed

Management information systems: function

Access company data/resources from any location online

Permanent contracts: employee advantage

Greater job security, increased motivation & productivity

Trade-off: permanent vs flexible contracts

Operational flexibility vs employee loyalty & commitment

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