Sec3- Choice of Occupation (Non Wage Factors (Pensions (public sector…
Sec3- Choice of Occupation
Non Wage Factors
Derive happiness and satisfaction
Type of Work
Manual, Non-manual, Mental Stimulation, Danger
pleasant and clean surroundings, friendly colleagues
Part-time, Flexible, Unsociable hours
holidays aligned with children's holidays are an adv.
public sector workers usually get more pensions
Free or subsidized meals, health schemes, social and leisure facilities
Workers are unlikely to be made redundant due to high demand or long term contracts
promotion gives incentive for people to work harder and longer for lower wages at the start of their career
Size of Firm
Larger ones may pay more, offer better career prospects, job security, fringe benefits etc.
Smaller ones might have a more friendly atmosphere
People might want jobs close to home to save travelling costs and time
: a payment which an employer contracts to pay the worker
Time Rate System
: employers can easily estimate labour costs
but it pays the same to a person with less productivity
Piece Rate System
: Primary and manufacturing sectors because its difficult to measure service
but workers may focus on quantity instead of quality
Excess of standard working hours
. Usually higher rate
Workers who need more money benefit from this.
Employers can respond to higher demand without
employing more workers.
Less costly and disruptive to reduce overtime than sack workers
However, risk that workers will get tired so output may not increase and quality might fall
Workers who know they are working longer may pace themselves so less effort into each hour
for workers who contribute to higher profits.
for people who welcome challenges and have confidence in their abilities
Might cause resentment if awarded unfairly and workers might resign or become demotivated
Paid to people in sales
they receive a proportion of the sales they make
Occupational mobility and Geographical mobility gives a wider choice of occupation
Opportunity cost of choosing one job over the other is a determining factor