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.
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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.
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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
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