SGS Business 2.5.3 - Different Ways of Working

A Freelance Contract is

• An agreement over one job usually over a couple of months between a company and self-employed worker.

• A contract between a company and an employee that doesn’t specify how many hours of work will be provided

• An agreement between a company and an employee that work and income will be provided constantly into the long-term future

A Permanent Contract is

• An agreement over one job usually over a couple of months between a company and self-employed worker.

• A contract between a company and an employee that doesn’t specify how many hours of work will be provided

• An agreement between a company and an employee that work and income will be provided constantly into the long-term future

Flexible hours means...(often referred to as 0 hours or the gig economy)

• An agreement over one job usually over a couple of months between a company and self-employed worker.

• A contract between a company and an employee that doesn’t specify how many hours of work will be provided

• An agreement between a company and an employee that work and income will be provided constantly into the long-term future

An advantage to a business of using flexible contracts is...

• They only have to pay their employees when they are called to work.

• They will always have someone available to work.

• The businesses costs will increase.

A disadvantage to a business of using flexible contracts is...

• They only have to pay their employees when they are called to work.

• There may not be anyone available to do that particular job.

• The businesses running costs are lower.

Remote working is...

• Using the remote control for the television to complete your work.

• Working away from the central office.

• Working at the central office.

One advantage to a business of enabling remote working is

• The businesses costs over time will increase.

• The businesses profit will increase.

• There is no need for large offices because employees are working from home.

One disadvantage to a business of enabling remote working is

• Employees may get distracted at home and not complete their work to a high standard.

• The businesses profit will increase.

• There is no need for large offices because employees are working from home.

One advantage for an employee of a permanent contract is...

• They will have to get to work everyday which means they will have to pay out for transport.

• They have to work a lot harder for less money, meaning they would be unhappy.

• They have a stable sustained job therefore they will have a stable income which means they will be able to sustain their lifestyle.

One disadvantage for an employee of a permanent contract is...

• They are locked in to the contract and would usually need to give notice of leaving (usually 3 months)

• They have to work a lot harder for less money, meaning they would be unhappy.

• They have a stable sustained job therefore they will have a stable income which means they will be able to sustain their lifestyle.