Ch8 short answer test prep
Testo Storyboard
- What did you learn at school today?
- Well today in business I learned....
- What a discharge and layoff are.. and how they are different... A discharge ends employment due to inappropriate work behavior, whereas a layoff is a temporary or permanent reduction in the numbers of employees due to a change in business conditions.
- Thats all! In gonna go to my room now... See you later!
- On the flip side, if prices for goods/services goes up, consumers decrease how much they buy. Also if interest rates go up consumers are less able to borrow money.. Both of these cause demand for goods/services to go down, thus jobs and hours get cut.. This means their are less money for workers which means consumer spending/demand goes down and the economy shrinks even more
- Oh and also I learned how economic cycles effect job opportunity, Basically changes in economy happens when businesses 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..
- I also learned 4 broad categories of Human resources activity's. which are Planning and staffing which is job analysis, performance management which is performance assessment, performance improvement, compensation/ benefits (wages/salary planning, and finally Employee relations which is health and safety planning, labor realations, and employment law and policys.
- Lastly i learned what the difference between salary/wages and benefits.. Salary wages are direct payments of money to employees for work ( this can include wages-- pay for hours worked) Salary (payment of a specific amount of money each week/month, Commission (pay based on a percentage of what employees sell, price rate (Pay of specific amount for each unit produced). Benefits are compensation in forms other than direct payment( such as employer paid/provided insurance,vacation, retirement plans and wellness/fitness programs).
- I wasn't listening that whole entire time
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