Title VII of the Civil Rights Act: of 1964 prohibits discrimination in employment. Created the Equal Employment Opportunity Commission (EEOC) a federal agency dedicated to increasing job opportunities for women and minorities and eliminating job discrimination. Learning Objective 3: Discuss how workers are trained and their performance appraised. Developing the Workforce Training: teaching employees to do specific job tasks through either classroom development or on the job experience.
Matrix Ten- Chapter Ten Business Foundations: A Changing World (Ferrell et. al 2018) Name: Merissa Sherrill Development: training that augments the skills and knowledge of managers and professionals. Example: Crisis Assistance Ministries- The Economic Mobility Program helps families move toward financial security and introduces pathways to economic opportunity. Enrolled families are given the opportunity to work one-on-one with a caseworker for an hour per week for up to 90 days. Through coaching, customers identify barriers to financial security and are empowered to set goals for the future. Learning Objective 4: Identify the types of turnover companies may experience, and explain why turnover is an important issue. Turnover: occurs when employees quit or are fired and must be replaced by new employees. Example: October 2018 : The company went from a peak of about 305,000 workers to 204,000 last quarter, Bank of America CEO Brian Moynihan says. Promotion: a persuasive form of communication that attempts to expedite a marketing exchange by influencing individuals, groups, and organizations to accept goods, services and ideas.
Matrix Ten- Chapter Ten Business Foundations: A Changing World (Ferrell et. al 2018) Name: Merissa Sherrill Transfer: a move to another job within the company at essentially the same level and wage. Separations: Employment changes involving resignation, retirement, termination or layoff. Ex. ( This Happened to Me) – June 2014 Bank of America lays off 540 Workers in Charlotte, NC in Mortgage Division Learning Objective 5: Specify the various ways a worker may be compensated. Compensating the Workforce & Financial Compensation & Benefits Wage/salary survey: a study that tells a company how much compensation comparable firms are paying for specific jobs that the firms have in common.
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