ADMS 1000 Lecture Notes - Lecture 2: Independent Contractor, Employment Contract, Labour Power

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ADMS 1000 Full Course Notes
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ADMS 1000 Full Course Notes
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Employment a relationship between an employer and an employee involving an exchange or labor power (work) for something of value, such as wages or benefits. Employment contract a contract that defines the terms and conditions of a contractual relationship between an employer and an employee. Employee a person hired by an employer to perform work according to he terms of an employment contract. Temporary placement organization which are assigned work from other businesses. Independent contractors self employed that provide labor services for compensation. The four legal" factors that determine whether or not an employee exists include the: degree of control. Independent contractors can usually determine the hours they would and the manner in which the work is performed: degree of economic risk. An independent contractor assumes the risk of nonpayment of bills by customers, loss of customers, as well as the potential benefit of profit: degree to which the worker performs an essential service for an organization.

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