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EmployeeEmployee contributes labor and expertise to an endeavour. Employees perform the discrete activity of economic production. Of the three factors of production, employees usually provide the labor. An employee is any person hired by an employer to do a specific "job". The term employee refers to a specifically defined relationship between an individual and a corporation, which differs from those of customer/client. Most individuals attain the status of employee after a thorough process of application and interviews. If the individual is deemed satisfactory for the position, he is given an official offer of employment within that company. This individual then has all the rights and privileges of an employee, which may include medical benefits and vacation days. The relationship between a corporation and its employees is usually handled through the human resources department, which handles the incorporation of new hires, and the disbursement of any benefits which the employee may be entitled, or any grievances that employee may have. An offer of employment, however, does not guarantee employment for any length of time and each party may terminate the relationship at any time. While the terms accountant, lawyer and photographer might refer to professions, they are not employee titles, which may include Controller, Vice President of Legal Affairs, and Head of Media Development. There are differing classifications of workers within a company. Some are full-time and permanent and receive a guaranteed salary, while others are hired for short term contracts or work as temps or consultants. These latter differ from permanent employees in that the company where they work is not their employer, but they may work through a temp-agency or consulting firm. Employees can organize into labor/trade unions, that represent most of the available work force in a single organization. They utilize their represenative power to collectively bargain with the management of companies in order to advance concerns and demands of their membersip. Associate is a term used by some companies instead of employee. Big box retailers like Wal-Mart and Home Depot, for example, use this term for non-management employees. Other firms use terms such as teammate or team member instead of employee. Many companies further classify employees as exempt or non-exempt. This designation is used to separate employees that are eligible for overtime from those that are not. An exempt employee is one that is typically salaried and is not eligible to earn overtime. Non-exempt employees are typically paid hourly and are eligible for overtime pay. External Links
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This page was created on Aug 01, 2007 |
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