1. Understand how your companys business model affects your benefits and
We pay people to come to work.
Wage: certain rate of pay for each hour they work.
Over-time: get paid time and a half.
Salary wages: get paid twice a month. An annu
1. Understand the concept differentiation vs. price shopping.
Differentiation: attempts to create an impression of difference for the
companys product or service in the mind of the customer.
o Distinguish our business from others.
o Charge more than comp
1. Understand what makes something illegal, and the nature of the court system.
In order for something to be illegal there has to be a law against it.
Court of law not a court of justice only what the law says.
2. Understand the different legal situatio
Human Resource Management
Exam 1 Review
The New Human Resource Management Process
Why Study HRM?
To learn how to engage employees more effectively.
Employee Engagement: combines job satisfaction and a willingness to
perform for the organizat