ci 2 unit 7 vocab

AcademicVocabularyUnit7:EvolutionofWorldofWork

GlobalSociety• The tendency of

businesses and investment funds to move beyond domestic and national markets to other markets around the globe. Thereby increasing the interconnectedness of different markets.

GreenCompany

• An ongoing trend where companies and businesses operate in an environmentally responsible manner.

• Flex Time: A variable work schedule, it provides an alternative to the traditional 9:00 to 5:00.

• Employees like it because they can make their work schedule fit their personal lives a bit better (dealing with their children, college classes, doctor's visits, etc...).

• Employers sometime like it because occasionally they can lower overhead by having employees share work space, can offer more customer service to their clients due to employees being available for a longer window of time.

Flex-Time

CompTime

• Timethatanemployeeisallowedtotakeoffinlieuofreceivingovertimepay.Thisisaformofcompensationinlieuofmoneyforovertime.

Telecommuting

• Somebusinesswillallowanemployeetoworkathomeviaacomputer,fax,webinars,Skype,Face-Time,andphonecommunication.Thisisasimple"green"businessstrategyasittakesavehicleofftheroad.

FringeBenefits

• Advantagesofferedinadditiontosalarysuchas-lifeinsurance,retirementschemes,paidtimeoff,companycar,etc...

UnemploymentBenefits

• Paymentmadebythestatetoanunemployedperson.

Full-Time&Part-TimeEmployeeThereisnospecificnumberofhoursthatanemployeemustworkbeforehebecomesafull-time

employeeunderfederallaw.Thatdefinitioniscreatedbytheemployer.

• Mostemployersdefinefull-timeemployeesasthosewhoregularlywork35to40hoursaweek.Theseemployeestypicallyareentitledtobenefitssuchaspaidsickleaveandvacationandinsurancecoverage.

• Part-timeemployeesareanyemployeeswhoworklessthanafull-timescheduleandmayreceivesomebenefits.Temporaryemployeesmayworkeitherafullorpart-timeschedulebutareusuallyhiredforaspecificprojectorforafiniteperiodoftimeanddonotreceiveanybenefits.

ContractEmployeevs.FullTimeEmployee