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Personal Finance Ch1

Tolland Personal Finance Chapter 1

TermsDefinitions
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
Created by: kmarshallths