The employment cycle establishment phase, employment arrangements and remuneration

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The employment cycle establishment phase, employment arrangements and remuneration

  1. 1. The Employment Cycle The Employment Cycle - Establishment Phase, employment arrangements and remuneration Monday, 5 August 13
  2. 2. Monday, 5 August 13
  3. 3. Employment Arrangements Part-time employment involves working fewer ordinary weekly or monthly hours compared with full-time employees. Casual employees are employed on an hourly basis. Enterprise bargaining is the process of directly negotiating wages and employment conditions between employers and employees at the enterprise level. Monday, 5 August 13
  4. 4. Remuneration Remuneration is monetary payment in return for the work an employee performs. A wage is an hourly or weekly rate of pay. Employees who earn a salary are paid a fixed amount each year, which is then divided by 26 to give a fortnightly salary, or by 12 to give a monthly salary. Salary sacrifice is forgoing salary in order to receive another non-cash benefit of equivalent value. Monday, 5 August 13
  5. 5. On-costs (or non-wage benefits) are additional costs involved in hiring an employee, above the cost of their wages, and include superannuation, long service leave and workers’ compensation. Leave loading. Superannuation Occupational health and safety Long service leave Sick leave Holiday pay Study leave Parental leave Workers’ compensation Monday, 5 August 13

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