- Give maternity pay and paid holidays
- Allow employees to join a trade union.
- Pay employees as stated in contract of employment.
- Provide suitable training.
- Provide a safe working environment.
- Allow employees time off for certain reason.
Sunday, 29 January 2012
Legislation
Employees' Rights:
Financial Terms and Simple Calculations
Revenue is the income that a firm receives from selling its goods or services.
Sales refers to the number of products sold by a business.
Costs are the spending that is necessary to set up and run a business.
Profit is the amount by which a business's revenue from all its sales exceeds its costs.
Loss is the amount by which a business's costs are larger than its revenue from all sales.
Monday, 23 January 2012
Aims and Objectives
A successful business plan should incorporate a set of targets and objectives.
While the overall plan may set strategic goals, these are unlikely to be achieved unless you use SMART objectives or targets, ie Specific, Measurable, Achievable, Realistic and Timely.
Targets help everyone within a business understand what they need to achieve and when they need to achieve it.
You can monitor the performance of employees, teams or a new product or service by using appropriate performance indicators. These can be:
While the overall plan may set strategic goals, these are unlikely to be achieved unless you use SMART objectives or targets, ie Specific, Measurable, Achievable, Realistic and Timely.
Targets help everyone within a business understand what they need to achieve and when they need to achieve it.
You can monitor the performance of employees, teams or a new product or service by using appropriate performance indicators. These can be:
-
sales or profit figures over a given period
- milestones in new product development
- productivity benchmarks for individual team members
- market-share statistics
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