Finance Chapter 1

An evaluation of the positive and negative attributes of a given type of work

• Job analysis

• Job search

• Benefits

The amount monthly or annual pay that you will earn for your labor

• Salary

• Cash money

• Wages

Company-provided supplements to salary, such as sick pay, vacation time, profit-sharing plans, and health insurance

• Benefits

• Guarantees

• Work characteristics

The ability to advance to positions of greater responsibility and higher pay

• Opportunities for promotion

• Guarantees

• Expenses

Any costs of working paid by the employee that are not reimbursed by the employer

• Employee expenses

• Risks

• Investments

The daily activities of the job and the environment in which they must be performed

• Work characteristics

• Opportunities

• Aptitudes

Someone who organizes, manages, and assumes the ownership risks of a new business

• Entrepreneur

• CEO

• Administrative assistant

Someone who actively seeks new knowledge, skills, and experiences that will add to professional and personal growth throughout life

• Lifelong learned

• Student

• Trainee

Advancing to a higher level of skills to increase your usefulness to an employer

• Upgrading

• Retraining

• Advancing

Learning new an different skills so that an employee can retain the same level of employability

• Upgrading

• Retraining

• Advancing