Who Earns Tips? Waiter. TOP 10 How to get better tips? Smile.

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Presentation transcript:

Who Earns Tips? Waiter

TOP 10 How to get better tips? Smile

DEFINITION OF THE SERVICE INDUSTRY In the U.S. economy, jobs can be categorized into sectors, which can then be split into divisions, each of which include various industries. There are two major sectors in the U.S. economy, as identified by the U.S. Standard Industry Classification System: the goods-producing sector and the service-producing sector. The goods-producing sector includes agriculture, forestry, and fishing; mining; construction; and manufacturing. The service-producing sector includes the divisions of (1) transportation, communications, and utilities; (2)wholesale trade; (3) retail trade; (4) finance, insurance, and real estate; (5) public administration; and (6) services. This sixth group—the services division—includes a number of industries.

Main Groups of Industries in the Services Division Some agricultural services (including landscaping and horticulture) Hotels and other places of lodging Personal services (including dry cleaning, tax preparation, and hair cutting) Business services (including temporary agencies and business software developers) Automotive services Miscellaneous repairs Motion pictures Amusements and recreation Healthcare Legal services Private education Social services Museums, zoos, and botanical gardens Membership organizations (including houses of worship and clubs) Engineering and management services (including consulting) Other miscellaneous services

Service Industry The U.S. economy has experienced a shift from goods-producing jobs to service-sector jobs. Projections by the U.S. Department of Labor's Bureau of Labor Statistics expects this trend to continue with service jobs accounting for approximately 20.8 million of the 21.6 million new jobs from 2002 to I n particular, jobs in the education and health services areas are expected to grow the fastest, adding more jobs than any other area of this sector at an estimated 31.8 percent Additionally, professional and businesses services (e.g., employment services; professional, scientific, and technical services; computer systems design; management jobs) will grow at a high rate (30.4 percent). Jobs in information will increase by an estimated 18.5 percent; this area includes jobs related to software and Internet publishing and broadcasting, and Internet service providers. Another area that will increase is leisure and hospitality, with employment growing by 17.8 percent due to an increased demand for leisure activities, accommodations, and food services. Trade, transportation, and utilities will increase by 14.1 percent in jobs related to transportation and warehousing; the retail trade; and water, sewage, and other utilities. A 12.3 percent growth is expected in employment in financial activities, with increases in jobs in real estate, finance, and insurance. Governmental service jobs should also grow at a rate of 11.8 percent, with jobs in public education and hospitals, state and local governments, and the federal government increasing in number. Finally, other non-governmental services that should increase at a predicted 15.7 percent are jobs in religious organizations, personal care services (e.g., hair stylists), and private household employment (e.g., cleaning services). The services sector is distinct from the goods-producing sector in the U.S. economy, and includes a very wide variety of industries and jobs. The number of jobs in the services sector has been growing in recent years, and data from the U.S. government indicate that this trend will continue. While many service sector jobs are believed to be recession-proof, only some areas of that sector are truly counter-cyclical, and some are simply noncyclical, meaning that they resist job loss during times of economic downturn. As service sector jobs increase in number, there are new concerns for managing human resources, one of which is the issue of offshoring, which is increasingly slowly. Str/Service-Industry.html

To determine income earned from wages & tips Hourly rate X hours Wages + Tips Income TIPS Extra money given for good service

To use the total number of items produced and the piece rate to calculate wages Add to find the weekly total Weekly total X piece rate Wages $1.75 for each band How many watch bands can you put on?