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Tolland Personal Finance Chapter 1

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Terms
Definitions
Technology   A general term for improvements in work methods and equipment that increases productivity  
Productivity   the amount a worker produces in an hour  
Job Analysis   An evaluation of the positive and negative attributes of a given career choice  
Salary   the amount of monthly or annual pay that you will earn for labor  
Benefits   Company supplied supplements to salaries  
Promotion   the ability to advance, accept more responsibilities and work your way to higher positions  
Employee Expenses   include any costs paid by the employee that are not reimbursed by the employer  
Work Characteristics   the daily activities at work  
Entrepreneur   someone who organizes, manages and assumes the risk of business ownership  
Upgrading   advancing to higher levels of skill to increase your usefulness to an employer  
Retraining   learning new and different skills to retain your level of employability  
Advanced Degrees   specialized, intensive programs to prepare students for higher level work responsibilities  
Networks   communication lines established for people to better share and discusss information  
Self-Assessment Inventory   lists an individuals strengths, weaknesses and identifies strategies to improve weaknesses  
Examples of US Governement Publications providing information about careers   DOT: Dictionary of Occupational Titles, OOH: Occupational Outlook Handbook, MLR: Monthly Labor Review  


   


 

 

 

 

 

 
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