Unit 2 - IGCSE Key terms

Job description

• No of subordinates who report to each manager/supervisor

• Payment for work usually paid weekly

• Duties and responsibilities of a position

• Passing responsibility to subordinates to complete tasks

Lassez-Faire Leadership

• Employers ask potential employees questions to decide if they are suitable for the job

• The message is passed to intended recipients and understood with feedback to confirm understanding

• Salespeople are given a % of the selling price if they make a sale

• A “hand’s off” approach to leadership where most decisions and responsibility are delegated to employees

Off the job training

• Finding and choosing the correct candidate for the vacant job post

• Choosing the most suitable candidates to invite to interview

• Employees get rewarded with a % of the firm’s profits annually

• Training off-site at a college or specialist training location

Profit Sharing

• Ending a work contract without proper or legal justification

• Employees get rewarded with a % of the firm’s profits annually

• Choosing the most suitable candidates to invite to interview

• An extra reward given to employees for reaching a certain target

Salary

• Passing responsibility to subordinates to complete tasks

• Payment for work usually paid weekly

• Fixed payment usually paid monthly

• Duties and responsibilities of a position

Maslow’s hierarchy of needs

• End of employment due to underperformance or breaking company regulations

• An extra reward given to employees for reaching a certain target

• Finding and choosing the correct candidate for the vacant job post

• Ranks human needs in order from survival needs to self-actualisation

Trade Union

• Motivation is the reason why employees work hard and effectively for a business

• An organisation of employees who aim to improve the pay and conditions of their members

• Losing employment as the position no longer exists, for example after a factory is closed

• Tells potential applicants about the job, what the requirements are and how to apply

Motivation

• Hiring an employee for a post currently employed by the business in another post

• Motivation is the reason why employees work hard and effectively for a business

• Treating an employee differently because of age, ethnicity, gender or disability

• Basic employee needs which must be fulfilled before employees can be motivated

Autocratic Leadership

• No of subordinates who report to each manager/supervisor

• Planning, commanding, controlling, organising and co-ordinating

• The leader makes all decisions, one-way communication

• Passing responsibility to subordinates to complete tasks

Labour turnover

• Employees are given additional responsibility in their day to day tasks, which often involves more training or development

• The message is passed to intended recipients and understood with feedback to confirm understanding

• The number of employees leaving a business in a year and is calculated as a share of the total workforce

• Groups of employees are given responsibility for a specific project, department or unit of work