Employee Lifecycle
The first and last stages of the Employee lifecycle?
Employer provided medical care
What is health insurance?
All the money that you make
What is Gross?
Predicting the future using factual information
What is Forecasting?
Explaining what a business is, why it exists, and who it serves
What is a Mission Statement?
Measurable verbs
Hourly pay
What is being paid based on hours worked?
Shows profit or loss
What is an income statement?
The direction in which numbers move
What is a trend?
Strengths, Weaknesses, Opportunities, and Threats
What is a SWOT analysis?
Job specialization
What is focusing on a few specific tasks to become very good at them?
Things like body language, eye contact, and business attire
What is Nonverbal skills?
What the business owns and owes
What are assets and liabilities?
Using opinions to make decisions
What is being Qualitative?
Companies trying to help the community, environment, and build trust.
Being Objective
What is answering based on facts?
Situation, Task, Action, Result
What is a STAR response?
The cost of items being made
What is COGS?
Using facts to make a decision
What is being Quantitaive?
Laws change in other countries
What is Cultural or Traditional differences?
Being Subjective
Conflict resolution
What is addressing a problem quickly and fairly?
The formula for Gross Profit and Net Income
What is Revenue-COGS and Gross-Operating expenses?
An educated guess about what will happen next
What is a Prediction?
Things that affect how you make decisions
What are Values?