Goals List and describe the steps in the hiring process. Describe compensation packages for employees. Identify laws protecting employee rights. Slide.

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Presentation transcript:

Goals List and describe the steps in the hiring process. Describe compensation packages for employees. Identify laws protecting employee rights. Slide 1 Staff Your Business

wages salary bonus profit sharing commission benefits Slide 2 Terms

 Screen Candidates remove candidates who are not right for the job  Review and Verify Job Applications confirm accuracy of information check references Slide 3 The Hiring Process

Sell your business. The candidate is interviewing you too! Make the interview effective. What questions should you ask the candidates? Slide 4  Interview the Best Candidates

 Make a Job Offer Slide 5Chapter 11

Types of Pay wages payments for labor or services that are made on an hourly, daily, or per-unit basis compensation varies based either on hours worked or units produced salary an amount of money paid annually for a job position payment is not dependent on the number of hours worked Slide 6Chapter 11 Compensation Package

a financial reward made in addition to a regular wage or salary usually hinges on reaching an established goal profit sharing employees are paid a portion of the company’s profits Slide 7Chapter 11 bonus

a percentage of a sale paid to a salesperson compensation varies based on sales Commission-Only Plan when a worker’s entire salary is paid in commission Amount of commission = Amount sold × Percent of commission Slide 8Chapter 11 commission

Total Pay = Base Pay + Commission Pay Competitively To attract the best workers offer compensation that is better than your local average compensation Slide 9Chapter 11 Combination Plan

employment rewards for service in addition to salary Paid Leave vacation sick time Slide 10Chapter 11 Benefits

health dental life accident Retirement Plans 401k employer contribution matching pension plans Slide 11Chapter 11 Insurance

Slide 12Chapter 11 What may be included in a compensation package for employees?

Fair Labor Standards Act (FLSA) of 1938 Civil Rights Act of 1964 Age Discrimination in Employment Act of 1967 Slide 13Chapter 11 Regulations that Protect Employees

Immigration Reform and Control Act of 1986 Americans with Disabilities Act (ADA) of 1990 Family Medical Leave Act of 1993 Slide 14Chapter 11 Occupational Safety and Health Act (OSH Act) of 1970