- EEOC= A federal agency dedicated to increasing job opportunities for women and minorities and eliminating job discrimination based on race, religion, color, sex, national origin, or handicap. Learning Objective 3: Discuss how workers are trained and their performance appraised. Developing the Workforce Orientation - Familiarizing newly hired employees with fellow workers, company procedures, and the physical properties of the company. Training:
Matrix Ten- Chapter Ten Business Foundations: A Changing World (Ferrell et. al 2018) Name: - Teaching employees to do specific job tasks through either classroom development or on-the-job experience. - On-the-job training allows workers to learn by actually performing the tasks of the job - Classroom training teaches employees with lectures, conferences, videos, case studies, and web- based training Development: - Training that augments the skills and knowledge of managers and professionals. - Training and development are also used to improve the skills of employees in their present positions and to prepare them for increased responsibility and job promotions. 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. - Results in lost productivity from the vacancy - Costs to recruit replacement employees, management time devoted to interviewing, training, and socialization expenses for new employees. 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. Transfer:
Matrix Ten- Chapter Ten Business Foundations: A Changing World (Ferrell et. al 2018) Name: - A move to another job within the company at essentially the same level and wage. Separations: - Employment changes involving resignation, retirement, termination, or layoff. 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 Wages: - Financial rewards based on the number of hours the employee works or the level of output achieved. - Wages based on the number of hours worked are called time wages.
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