Principles of Business & Finance Objective 2.02

To obtain, train, and compensate employees to accomplish the goals of the business

Analyze information, set goals based on information, and make decisions to accomplish the goals

A planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient

Other items given to employees for working, such as health insurance, vacation time, sick leave, etc.

The assignment of an employee to another job in the company with a similar level of responsibility

A leadership style that gives little or no direction to employees

The amount of money paid to an employee for work performed, including salary & wages

All of the people 16 years or older who are employed or who are looking for a job

The end of an employment relationship between a company and an employee

A predetermined or set amount of money paid directly to an employee per week, bi-weekly, or monthly