ADMS 1000 Chapter 2: Reading 2 - The Employee-Employer Relationship
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ADMS 1000 Full Course Notes
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Reading 2 - chapter 2 - the employee-employer relationship. Employment: a relationship between an employer and an employee involving an exchange of labour power for something of value like wages and benefits. Employment contract: a contract that defines the terms and conditions between an employer and an employee that may include reference to services to be performed, working hours, compensation, etc. Employee: a person hired by an employer to perform work according to the terms of the employment contract. Independent contractors: otherwise known as self-employed, they provide labour services in exchange for compensation. They run their own businesses instead of being hired by another organization. Partners: people who share part ownership in a business. There can be two or more partners in a partnership. Temporary placement organization: a business that helps match workers with businesses that require temporary help; called an employment agency. Volunteer: an unpaid individual who performs services for an organization voluntairy.