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Storyboard-Text

  • Hey mom! Want to know what I learned In class today? The difference and similarities between discharge and layoff!
  • Hmm, sure! Sounds interesting!!
  • Discharge is when you are terminated when you have HORRIBLE work behavior! Layoff is temporary or permanent reduction of employees!
  • Yeah! And the difference is that layoff is not caused my inappropriate behavior
  • That's so cool!
  • Actually, Yeah I do! Changes in the economy happen when businesses expand because consumers are buying more products
  • This means that there is less money for workers which means consumer spending/demand does down and so does economy
  • When more workers are employed, they have more money to spend. If prices for products go up, consumers will go down.
  • Well I bet you don't know how economic cycles affect job opportunities
  • AND... the four broad categories of human resources activities are...
  • Planning and Staffing, performance management, Compensation/benefits, and Employee Relations!
  • What are they??? I'm excited!!
  • The difference between salary/wages and benefits is that salary is a payment of a specific amount of money each week/every two weeks/monthly!
  • And a benefits are compensation in forma other than direct payment
  • Wowww!!
  • Two examples for benefits are vacation and retirement plans.
  • Wow! That's so interesting thanks for telling me your knowledge
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