Business Classifications and Trade Unions

Vocabulary flashcards covering business sizes, trade union history and achievements, and enterprise bargaining.

Small business

A business that employs between $1$ and $49$ workers.

Medium business

A business classification defined by having $20$ to $199$ workers.

Trade union

An organized group of workers who join together to improve working conditions and job security.

Origins of trade unions

Started during the Industrial Revolution, a period when worker associations were illegal and resulted in punishment.

The 8-hour workday

A major achievement of trade unions in Australia consisting of a division of $8\text{ hours}$ of work, $8\text{ hours}$ of rest, and $8\text{ hours}$ of recreation.

Enterprise bargaining

A negotiation process where an employer, employees, and a trade union negotiate a legally binding agreement that sets out wages, hours, and working conditions for a specific business.

Key achievements of trade unions in Australia

Major workplace conditions won by unions, including the $8\text{ hour}$ workday, paid sick leave, paid annual leave, equal pay for women, and paid parental leave.