Employing People AS Business Studies. Aims and Objectives Aim: Understand options for start-up businesses of employing people Objectives: Define full.

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Presentation transcript:

Employing People AS Business Studies

Aims and Objectives Aim: Understand options for start-up businesses of employing people Objectives: Define full time and part time workers Explain current trends in the UK labour market Analyse employing full and part time workers

Starter In October 2012 there were 29.59m people employed in the UK which is 71.3%. There were 2.53m people unemployed, which is a rate of 7.9%. There were 9.04m people who were economically inactive (not seeking or in work) which is around 22.5% and there were 1.57m people claiming job seekers allowance – 4.8%. For each of the following graphs provide a significant point of comparison.

Unemployment Significant Point From Data:

The Importance of Immigrants Significant Point From Data:

Percentage of Part Time Workers Significant Point From Data:

Occupations Among Employees By Sex Significant Point From Data:

Employing People One of the most important decisions a small business can take: Full time employees Part time employees Temporary employees Consultants and advisors One of the most important decisions a small business can take: Full time employees Part time employees Temporary employees Consultants and advisors

Full Time Employees Vs Part Time Employees Benefits and Drawbacks Collective Memory Game.

Full Time Employees Benefits and Drawbacks BenefitsDrawbacks Higher output may be possible, as workers are able to commit to long hours. Higher cost of employing people full time. Employees are available all of the time to handle unexpected events. Full time employees might not give the business flexibility in terms of an ability to meet an increase in demand. Might be able to build better relationship with each other. May build up better relationships with customers and provide good customer service.

Part Time Employees Benefits and Drawbacks BenefitsDrawbacks Flexibility of workers makes it easier to meet frequent changes in demand. Part time staff may find it more difficult to access training. Part time workers can be used when there are busy periods of trade e.g. hotels, supermarkets. It may be more difficult to communicate with part time employees. Allows employees to manage their home commitments e.g. children alongside a job Part time employees may be less able to build close relationships with each other and customers. Some part time staff job share, allowing a greater range of skills and talent to exist in the business. Costs of employing a part time employee may not be much lower than a full time employee.

Female Part-Time Workers & Recession Female workers (part-time) hit hard by the recession.

Employment Quiz A disadvantage of employing part-time employees is…. A)No need for induction training B)Easier to communicate C)Better able to handle peaks in workload D)Less opportunity for training and promotion

Employment Quiz An advantage of employing permanent employees is… A)Only need them at times of peak demand B)Employees take more training and career development opportunities C)A variable not a fixed cost for business D)They will have better skills than part-timers

Employment Quiz Sole Traders don’t employ other people. True or False? True False

May 2009 Question 1F Explain two possible advantages of Steve using part-time employees in his business (6 Marks) Define part-time employees. Explain two advantages of Steve’s business using part-time employees.