Employment and Business

Understanding Employment

Gain knowledge about the concept of employment, including its various types such as full-time, part-time, temporary, permanent, and self-employment.
Understand the purpose and importance of Contracts of Employment, detailing the specific terms and conditions of an employment relationship.
Familiarise yourself with Employment Rights that protect workers from discrimination and provide allowances for sick leave, maternity leave, etc.

Exploring Various Industries

Examine the structure, features, and operation of various types of industries such as technology, manufacturing, retail, and service industries.
Understand the nuances of different job roles within these industries, including the skills, qualifications, and expertise required.
Identify the potential growth and decline trends in different sectors and their impact on employment opportunities.

The Business World

Learn about the business environment including the understanding of business organisations and their various forms such as sole proprietorships, partnerships, corporations, and cooperatives.
Explore the workings of a business including operations, marketing, finance, and human resources.
Understand the role of leadership and management in running a successful business.

Understanding Business Economics

Familiarise yourself with key economic concepts such as supply and demand, market competition, and profit and loss.
Learn about the basics of accounting and principles of finance, including the understanding of balance sheets, income statements, and cash flow statements.
Understand the role of fiscal policy in shaping the economic environment for businesses.

Challenges and Developments in Employment and Business

Discuss the challenges facing employees and businesses in the modern context, such as automation, globalisation, and a rapidly changing economic landscape.
Understand the impact of emerging technologies on businesses and employment, examining both the opportunities and threats they present.
Evaluate sustainable business practices, from eco-friendly operations to corporate social responsibility, and their benefits for business and society.

Labour Laws and Regulations

Understand the role of labour laws in governing employment relationships, working conditions, wages, and workplace safety.
Familiarise yourself with the implications of non-compliance with these laws for both employees and employers.
Discuss the role of trade unions and collective bargaining in improving employee rights and working conditions.

It’s important to remember these topics aim to provide a comprehensive understanding of employment and business. For effective revision, familiarise yourself with the key terms and phrases, ensuring you know how to sign them accurately.