Ch. 8 S/A JJ
Storyboard Text
- Changes in the economy happen when businesses expand due to consumers buying more goods and services. This Causes new jobs to be created. When more workers are employed, they have more money to spend on goods and services further expanding the economy
- my 4th hour business esentials is a Fantastic class!!!
- How you doin' JJ??
- Name and describe the four broad categories of human resources activities.
- layoff is a temporary or permanent reduction in the number of employees due to changing business conditions
- Explain how a discharge and a layoff are similar. How are they different?
- What is the difference between salary/wages and benefits? Give two examples of benefits.
- A discharge ends in employment due to inappropriate work behavior
- ON the flip side if prices for goods/services go up, consumers decrease how much they buy. Also if interest rates go up consumers/businesses are less able to borrow money. Both of these cause demand for goods/services to go down. Thus jobs and/or work hours get cut. This means there is less money for workers which means consumer spending/demand goes down and the economy shrinks even more
- Explain how economic cycles affect job opportunities.
- Planning and staffing,Performance management
- compensation /benefits,Employee relations
- salary/wages are direct payments of money to employees for work, salary,commision, and piece rate
- benefits are compensation in forms other than direct payment(vacation, retirement plans
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