Ch 8 Short Answer Prep
Storyboard Text
- Hi 5th hour, today we are going to do the chapter 8 short answer test prep.
- First we are going to talk about how a discharge and layoff are similar and different. A discharge ends employment due to an inappropriate work behavior, whereas a layoff is a temporary or permanent reduction in the number of employees due to changing business conditions.
- Next, I am going to explain how economic cycles affect job opportunities. When businesses expand due to more consumer spending, new jobs are created, people have more money that they then spend on more goods/services further expanding the economy.
- Continuing on that subject, If prices for goods/services increase, consumers will buy less. Also, if interest rates go up, consumers are less able to borrow to buy. Both of these cause demand for goods/sevices to go down, This leads to hours worked and sometimes jobs being cut. Thus there is less money available and the economy starts to shirk. Now turn to the board for the next question.
- The four broad categories of human resources activities include: 1) Planning and Staffing (job analysis, recruitment, job placement)2) Performance Management (performance assessment and improvement, promotions, transfers, and terminations)3) Compensation/Benefits (wages/salary planning, benefits planning, payroll/benefits/personnel records management)4) Employee Relations (health/safety planning, labor relations, employment law/policy enforcement, organizational developments)
- Our final lesson is about the different between salary/wages and benefits. Salary/wages are direct payments of money to employees for work. Whereas benefits are compensation in forms other than direct payment.
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