short answer test prep
Storyboard Text
- Whats up guys today I am going over Mr. Dietrich 5th hour test prep.
- Explain how a discharge and a layoff are similar. How are they different?
- 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/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
- 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
- Explain how economic cycles affect job oppurtunites
- Changes in the economy happen 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. 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/ore 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
- Name and describe the four broad categories of human resource activities
- 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 relations (health/safety planning, labor relations, employment law/policy enforcement, organisational developments.
- What is the difference between salary/wages and benefits? give two examples of benefits
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