Short Answer Test Prep Story Board
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- Hello 3rd Hour, today we are going to be doing our short answer test prep!
- A discharge ends employment due to inappropriate work behavior whereas a layoff is a temporary or permanent reduction in the number of employees due to changing business conditions (example -- lower demand for a business's products/services). A layoff is not caused by inappropriate work behavior by the employee who is terminated
- Human resources activities include 1) planning and staffing (job analysis, recruitment, job placement) 2) performance management (performance assessment, performance improvement, promotions, transfers and terminations,3) compensation/benefits (wages/salary planning, benefits planning, payroll/benefits/personnel records management) and 4) employee
- Changes in the economy happen when businesses expand due to consumers buying more good/services. this caused 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/businesses are less able to borrow to borrow money. Both of these cause demand for good/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
- Salary/wage are direct payments of money ti employees for work (this can include wages -- pay for hours worked), salary (payment of a specific amount of money each week/every two weeks/monthly) commission (pay based on a percentage of what employees sell) and piece rate (pay of a specific amount for each unit produced) whereas benefits are compensation in forms other than direct payment (such as employer paid/provided insurance, vacation, retirement plans and wellness/fitness programs).
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