Rewards and Benefits for Staff at Pritchard Fashion Stores Reading Answers

Jul 31, 2024

Rewards and Benefits for Staff at Pritchard Fashion Stores Reading Answers is an academic reading answers topic. Rewards and Benefits for Staff at Pritchard Fashion Stores Reading Answers have a total of 7 IELTS questions in total. In the questions, you have to fill in the blanks with correct answer.

Candidates should read the IELTS Reading passage thoroughly to recognize synonyms, identify keywords, and answer the questions below. IELTS Reading practice papers, which feature topics such as Rewards and Benefits for Staff at Pritchard Fashion Stores Reading Answers. Candidates can use IELTS reading practice questions and answers to enhance their performance in the reading section.

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Section 1

Read the Text Below and Answer Questions

Rewards and Benefits for Staff at Pritchard Fashion Stores

We want all our staff at Pritchard Fashion Stores to feel they are well rewarded for their work. This obviously benefits them, by making their work more enjoyable, and it benefits the company, because satisfied staff are less likely to leave. So we offer the staff a package of rewards that have been shown to attract, motivate and retain the best people. This is what you can currently enjoy.

Pay: We benchmark our salaries and wages against other companies in the same sector, in order to ensure we are competitive and keep up with changes in the market. We carry out a pay review every year, and also give all staff a bonus which is a fixed proportion of the company's annual profits.

Pension: It is important for everyone to save for their retirement. To encourage this, we offer the opportunity of joining a pension plan: you contribute 3% of your pay into this, and Pritchard contributes 6%. Life Assurance: As soon as you start working for Pritchard you will receive life assurance cover to the value of twice your annual salary. Employee discount: We give all staff a discount of 20% on anything they buy from the company, whether in-store or online. Certain exclusions apply, which are specified on the company intranet. However, there is no limit on how much you can buy using the discount. Family members and partners who permanently live with you are also eligible for the discount.

Holidays: By law, all full-time staff members are entitled to a minimum of 28 days' paid holiday per year, including bank holidays. Pritchard pays 28 days plus the eight days of bank holidays and another two days, meaning that everyone is paid for at least 38 days' leave per year. We carry out an annual review of individual holiday entitlement. If you work part-time, your holiday entitlement will relate to the hours you work each week. Savings scheme: Our new savings scheme is an easy way to save for the future. Every month, you pay any amount up to £250 into the scheme. After three years, you can choose either to invest your savings in Pritchard shares at a 25% discount, or to get your savings back with interest.

Section 2

Solution and Explanation

Questions 21-27

Choose ONE WORD ONLY for each answer.

21. Pritchard provides staff with a ………of benefits.

Answer: PACKAGE
Supporting statement: “.........So we offer the staff a package of rewards that have been shown to attract, motivate and retain the best people..........”
Keywords: benefits, package
Keyword Location: para 1, lines 3-4
Explanation: The text mentions that Pritchard Fashion Stores offers a "package of rewards" to its staff. This package includes various benefits aimed at attracting, motivating, and retaining employees.

22. The company aims to pay …….salaries and wages.

Answer: COMPETITIVE
Supporting statement: “.........We benchmark our salaries and wages against other companies in the same sector, in order to ensure we are competitive and keep up with changes in the market..........”
Keywords: pay, competitive
Keyword Location: para 1, lines 1-2
Explanation: The text states that Pritchard Fashion Stores benchmarks its salaries and wages against other companies in the same sector to ensure they remain competitive. This means the company aims to offer salaries and wages that are attractive compared to other employers in the industry.

23. Staff are paid a ……..related to the company's profits.

Answer: BONUS
Supporting statement: “.........We carry out a pay review every year, and also give all staff a bonus which is a fixed proportion of the company's annual profits..........”
Keywords: paid, profits
Keyword Location: para 1, lines 2-3
Explanation: The text explains that Pritchard Fashion Stores gives all staff a bonus each year. This bonus is a fixed proportion of the company's annual profits, meaning it is related to how well the company performs financially.

24. Staff and the company may both contribute to providing a ……..

Answer: PENSION
Supporting statement: “.........To encourage this, we offer the opportunity of joining a pension plan: you contribute 3% of your pay into this, and Pritchard contributes 6%...........”
Keywords: contribute, pension
Keyword Location: para 1, lines 1-2
Explanation: The text describes a pension plan offered by Pritchard Fashion Stores where both the staff and the company contribute. Staff contribute 3% of their pay, and the company contributes 6%, making it a joint effort to save for retirement.

25. Staff receive a discount on items they purchase from the company, apart from Some …..

Answer: EXCLUSIONS
Supporting statement: “..........Certain exclusions apply, which are specified on the company intranet.........”
Keywords: discount, exclusions
Keyword Location: para 1, lines 2-3
Explanation: The text notes that staff receive a 20% discount on items they purchase from the company, but there are certain exclusions to this discount. These exclusions are specified on the company intranet, meaning not all items are eligible for the discount.

26. А. …….. of the amount of holiday that employees are entitled to is undertaken every year.

Answer: REVIEW
Supporting statement: “........We carry out an annual review of individual holiday entitlement............”
Keywords: holiday, review
Keyword Location: para 1, lines 4-5
Explanation: The text states that Pritchard Fashion Stores conducts an annual review of each employee's holiday entitlement. This means the company assesses and confirms the amount of holiday leave employees are entitled to every year.

27. The company savings scheme enables to buy...... after a certain time, if they choose to.

Answer: SHARES
Supporting statement: “........After three years, you can choose either to invest your savings in Pritchard shares at a 25% discount, or to get your savings back with interest...........”
Keywords: scheme, shares
Keyword Location: para 1, lines 2-3
Explanation: The text explains that Pritchard Fashion Stores offers a savings scheme where employees can save up to £250 per month. After three years, employees have the option to either invest their savings in Pritchard shares at a 25% discount or get their savings back with interest. This means employees can choose to buy shares after a certain period if they wish.

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