Earnings and Job Advancement Chapter 10 Presented by Ms. Baumgartner

Chapter Objectives Objective 1 Objective 2 Objective 3 Objective 4

ETHICAL DECISIONS (PG 132) Read the paragraph and answer the question: WHAT WOULD YOU DO?

10.1 Your Job Earnings and Paycheck When you get paid, you will receive a paycheck and an attached statement of earnings…pay stub What can you do with your check??? Amount depends on ___________________________

10.1 Your Job Earnings and Paycheck Compensation is the total income and benefits you receive Wages – Explanation Overtime pay – Explanation Piece rate – Explanation Commissions – Explanation Tips – also called ___________ Bonuses – Explanation Fringe benefits – indirect compensation…given instead of cash…example would be ___________

10.1 Your Job Earnings and Paycheck When you get your paycheck - Look over it carefully…make sure it’s ___________ (name, address, and social security number) Gross pay – Definition Deductions – Definition Net pay – also known as “___________”…amount after deductions

10.1 Your Job Earnings and Paycheck Statement of Earnings – also called a pay statement or pay stub, shows your gross pay, deductions, and net pay Deductions: Deduction 1 and describe Deduction 2, what it stands for and what it is Deduction 3 and describe Deduction 4 and describe Deduction 5 and describe Deduction 6 and describe why important

10.1 Your Job Earnings and Paycheck Pay raise benefits Benefit 1 Benefit 2 Benefit 3 Automatic raise – Definition Merit raise – Definition When would someone get an automatic raise over a merit raise?

Checkpoint 10.1 The amount of your paycheck depends on what 2 things? Why is it important to check your pay statement often? List and briefly explain each form of compensation How is a paycheck calculated? Describe how you should go about asking for a raise

10.2 Job Changes Reasons for Job Changes Reason 1 Reason 2 (better opportunity elsewhere, dislike present job, no chance of pay raise or promotion in the future, change in personal situation, or loss of job) Reason 3

Career decisions (pg 138) Read the paragraph and answer the question: WHAT WOULD YOU DO?

10.2 Job Changes Leaving a Job ___________ very carefully no matter the reason Do not make ___________ decisions Find out ___________ If not then give your employer at least two week’s notice

10.2 Job Changes Leaving a Job continued… Follow-up verbal notice with written notice…letter of resignation Include the following ______________________

10.2 Job Changes Leaving a Job continued… Once you’ve notified your boss… Continue ___________ Do not ___________ Make sure you leave on good terms…that job could be a good ___________ for you

10.2 CHECKPOINT Name 2 reasons why promotional opportunities occur List 5 common reasons for changing jobs Why is it best to leave a job on good terms with your employer? Will complete payroll deductions as a class (#4 example at end of chapter)

Letter of resignation Compose a letter of resignation following the sample on page 140 Can be for any job, any company, formatted correctly

Complete worksheets for chapter Complete assigned worksheets

Complete chapter 10 assessment 6-15 (write definition and word) 1,16,18,