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-PAYE
-PRSI
-UFC

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off studyclix

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Leaving cert & Junior cert Exam Revision | Studyclix makes exams easier

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Leaving Cert and Junior Cert exam paper questions and marking schemes listed by topic. Studyclix makes exam revision and study easier

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1) employer  is a person or firm that employees someone

2) entrepreneur is a person who comes up with an idea and sets a business around that idea

3) human resource manager is responsible for all employees within a firm

4) CV or curriculum vitae is a written account of someones details etc

5) gross pay = total pay before deductions

6) discriminate  means to treat one person less favorable than another EG one person is black and another is white

7) net pay = take home pay

8) a probationary period is similar to a test trial

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advantages

1) it is extremely safe

2) it is very quick

3) employees can access their money immediately  at any  ATM

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advantages

1) it is a very safe/secure method

2) it is a quick method of paying an employee

disadvantages

1) the bank charges the firm for each check they write

2) employes must go to the bank to lodge the ceque

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advantages :
1) being paid in cash may suit employees with no bank account.

2) there is no cost to the employer to paying in cash

disadvantages

1) there is a risk of theft

2) there is a lot of admin work

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there are three main methods of paying staff

1 in cash
2 by cheque
3 electronically eg paypath

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once your gross income goes over a certain amount ,most  employees pay  PAYE on their income and this tax is a percentage of their income

it is collected by the revenue commissioners and is used to meet the expenses of running the country

employees do not have to pay all of their  income tax a certain amount is tax credit

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an employees net pay is known as their take home  pay and is the actual amount of money they actually take home

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one of the duties the employer has is to pay their employees

. if the payment is based on the number of hours worked/number of items mad e its called wages

. if the payment is a fixed amount of money its called a salary

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This is chapter 24

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This is a book that keeps record of the wages paid to the employees (workers)

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Each time a employee gets paid they must receive a payslip.

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Each time a employee gets paid they must receive a payslip.

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-Google images
-Text book (Eurobusiness)

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Here is an example of gross pay into net pay

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Here is an example of gross pay into net pay

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Gross pay is money earned before any tax or deductions are taking away.

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Flexitime is when people are free to choose the hours that they work.
E.G. work 5 hours a day between 6am to 10pm when their office is open.

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Overtime is when you work over the hours of your normal working week. Overtime is normally voluntary and usually paid more than normal hourly rate (ie.Time and a half)

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This is a document contains information about the job that is being offered and states important information about the job.

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The  Human resource is responsible for the employees in the firm.