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3 Workplace Types and The Economy

The document discusses different workplace types and how they impact work culture, compares formal and informal work environments, and explains how individuals, businesses, and the overall economy interact in a balanced system that can experience fluctuations like recessions. It also defines unemployment and outlines qualifications for being classified as unemployed.

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159 views26 pages

3 Workplace Types and The Economy

The document discusses different workplace types and how they impact work culture, compares formal and informal work environments, and explains how individuals, businesses, and the overall economy interact in a balanced system that can experience fluctuations like recessions. It also defines unemployment and outlines qualifications for being classified as unemployed.

Uploaded by

bbruok
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Career and

Financial
Management
Workplace Types and the
Economy
Lesson Objectives
1.Compare and contrast workplaces types.
2.Define economy and describe how individuals and
businesses impact the economy.
3.Evaluate the business cycle and determine its
impact on employment.
The Workplace
 Workplace: where work is done
 Each job has a specific workplace
 Each workplace has its own “culture
 Formal vs. Informal
 Attire, Behavior, and Interactions
Formal Workplace
 Attire
 Suit or dress
 Uniform
 Interactions
 Serious environment
 Limited laughing and joking with co-workers
 Behaviors
 On-time – set schedule
 Follow strict rules
Informal Workplace
 Attire
 Casual
 Interactions
 Relaxed with boss or co-workers
 Behavior
 Work hours often flexible
 Fewer rules
The Workplace
 Each workplace is different
 Depends on the work being done and the workers
 Workplaces can be different within the same job
 A job that fits your interests and skills helps you feel
comfortable in your workplace
The Bottom Line

The Workplace

Formal Informal

Attire Interactions Behavior Attire Interactions Behavior


What is the Economy?
 Economy: the way goods and services are
produced, distributed, and consumed in a society
 Strength of the economy depends on the balance
of production and consumption of goods and
services
A Strong Economy
 Individuals and businesses depend on one another to have a
strong economy

BUSINESSES INDIVIDUALS
Produce Goods Provide Labor
Pay Workers Buy Goods & Services

 A weak economy can lead to


 Recession
 Depression
A Balanced Economy
Payment
of Wages

BUSINESS

$Payment for
Products & Services
WORKERS
The Economy & Interest Rates
 Interest Rates: reflect the cost of borrowing money

HIGH INTEREST LOW INTEREST


RATES RATES

More expensive to Less expensive to borrow


borrow money money

Decrease in spending Increase in spending


The Bottom Line
Relationship between workers and
businesses

Balanced Imbalanced

Strong
Weak Economy
Economy
JOB GROWTH
More
d
produ emand for
cts an
d serv
ic e s

produ
ct
Less d s and servi
eman c
d f or e s

More
dema
nd
The Business Cycle

TIME
Le s s
dem
and
Business Cycle Changes
 What causes the changes in the business cycle?
 Major Events
 Stock
Market Crash
 Olympic Games
 Cost of oil and products from other countries
 Cost of products sold in the United States
Downturns in the business cycle
 When the business cycle changes, specific
industries are directly affected
 Homebuilding
 Unemployment
Additional Causes of Unemployment
 Reduced demand for job
 New inventions & technology
 Typewriter repair

 Seasonal Work
 Changes in season or weather
 Lifeguard
Job Security
 Job security: freedom from fear of losing one’s job
 High job security
 Policeofficer
 Nursing
 Government Official
 Low job security
 Construction
 Salespeople
 Management
What can you do?
 If you are at risk of becoming unemployed:
 Be aware
 Plan ahead
 Save money
 Additional education
The Bottom Line
Employment

Employed Unemployed
• Growth in the • Decline in
business cycle business cycle
• Increased demand • Reduced demand
• High job security • Seasonal work
Workplace Types and the Economy
“Who is counted as unemployed?” List the three qualifications required for
a person to be classified as unemployed.
1.
2.
3.

What activities can a person participate in to be considered “actively


looking” for a job?

Why do you think the government is concerned with the definition of


unemployment? If you could change the definition, would you? If so, why?
Justify your responses.
Workplace Types and the Economy
Consider the different types of workplaces in which
people work. Describe your ideal workplace and why
you selected that workplace. In your description,
include the different workplace factors discussed in
the lecture (formal v. informal, attire, behavior,
interactions)
Workplace Types and the Economy
“Who is counted as unemployed?” List the three
qualifications required for a person to be classified as
unemployed.
1. cannot have a job
2. must have actively looked for work in the last
four weeks
3. must be available to work
Workplace Types and the Economy
What activities can a person participate in to be
considered “actively looking” for a job?
 A person can actively search for a job by doing
any of the following: contact employers,
employment agencies, friends, relatives,
employment centers; sending out résumés and
filling out applications; placing or answering
advertisements; checking union and professional
registers.
Workplace Types and the Economy
Why do you think the government is concerned with
the definition of unemployment? If you could change
the definition, would you? If so, why? Justify your
responses.
 Student answers will vary, but students should
discuss the government’s definition of
unemployment and how they feel it works and
does not work.
Workplace Types and the Economy
The basic concepts involved in identifying the employed and
unemployed are quite simple:

People with jobs are employed.

People who are jobless, looking for jobs, and available for
work are unemployed.

People who are neither employed nor unemployed are not in


the labor force.

http://www.bls.gov/cps/cps_htgm.htm
Workplace Types and the Economy
Consider the different types of workplaces in which people work.
Describe your ideal workplace and why you selected that
workplace. In your description, include the different workplace
factors discussed in the lecture (formal v. informal, attire,
behavior, interactions)

Student responses will vary, but should display an understanding


of formal vs. informal workplaces and other factors that need to
be taken into consideration when selecting a workplace. Students
should be thoughtful and reflective in their responses, using
complete sentences and proper grammar.

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