Ch.8 short anwser prep Jacob Washburn
טקסט Storyboard
- Did you know that discharging and laying off an employee are similar? A discharge ends employment due to inappropriate work behavior where as a layoff is a temporary or permanent reduction in the number of employees due to changing business conditions
- In class today I learned how economic cycles affect jobs. Changes i the economy happen when business expand due to consumers buying more goods/services. This causes new jobs to be created. When more workers are employed,they have more money to spend on goods/services further expanding the economy. On the flip-side if prices for goods/services go up, consumers decrease how much they buy. Also if interest rates go up, consumers 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 consumers spending/demand goes down and the economy shrinks even more.
- Im Bob, I work in the H.R. department. Here are my 4 main priorities in my work. Planning and staffing, which includes job anylasis, recruitment, and job placement. Number 2 is performance managment, which includes performance assesment, imporovment, and promotions. Number 3 is compensation and benefits. This includes wages/salary planning, benefits planning, and personal records.
- I deal with salary and wages. The final one is the difference between salary and wages. They both are direct payments of money to employees. Wages are paid for amount of hours worked, while salary is a specific amount paid every week or two weeks. Comission pay is based on the percentage of what an employee sells. A piece rate is a specific amount for each unit produced. Benefits are compensation in forms other than direct payments. (such as employer paid insurance, vacation, retirement land, and wellness/fitness programs.)
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