1. Entrepreneurship
Human Resources
Presented By
Mrs. Bowden

2. Activity:
Read pp
Make a list of all of the things you would pay someone to do for yourself.

3. Today we will:
Identify the relationship of entrepreneurs and the HR function
Define Human Resources – all of the employees that work at a company

4. Recap: FOUR MAIN FUNCTIONS OF BUSINESS
Production = Planning and Strategy
Finance
Marketing
Management = Operations and human resources

5. Human Resources Defined
All human capital in a business (employees)
A department with in a company that handles all issues dealing with employees

6. Human Resources Fundamentals
Compensation & payroll
Benefits
Organizational development
Organizational structure
Employee retention
Succession planning
Education & development
Labor law & HR compliance

7. Do entrepreneurs deal with HR?:
Employees
Contracted workers
Temporary workers
Self

8. Advantages and Disadvantages:
Share the work
Second in command
Supply skills needed
Complete day to day tasks
Share the money
Insurance
Taxes
Turnover
Legal issues

9. Are you ready to hire employees:
Can you afford employees
Are you overwhelmed
Is your business growing
Are you ready to be a boss
Can you share control
Can you delegate responsibility and authority to others
Can you use your people skills to effective manage others

10. Entrepreneurs must be leaders:
What type of leader are you
Authoritative
Democratic
Delegative

11. Identify Your Staffing Needs
Goals
Explain how to determine staffing needs for a business.
Describe options for recruiting employees.
Identify alternatives to hiring permanent employees.
Chapter 11

12. Terms staffing job description job analysis chain of command recruit
freelancers
interns
Chapter 11

13. Staffing staffing determining the number of employees you need
defining a process for hiring them
What type of employees are needed?
What skills am I missing?
What skills do I need daily?
What skills do I need occasionally?
Chapter 11

14. Job Descriptions job description job analysis
a written statement listing the tasks and responsibilities of a position
job analysis
the process of determining the tasks and sequence of tasks necessary to perform a job
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15. Chapter 11

16. Organizational Structure
a plan that shows how the various jobs in a company relate to one another
Horizontal or vertical
chain of command
a description of who reports to whom
Upward and downward chains of command
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17. Chapter 11

18. How do you determine staffing needs for your business?
Chapter 11

19. Recruiting recruit look for people to hire
attract them to the business
Chapter 11

20. Online Career and Employment Sites Classified Ads
want ad
a newspaper ad describing the requirements of the job you need to fill
Employment Agencies
firms that match people looking for jobs with businesses looking for employees
Chapter 11

21. College Placement Centers
In-Store Advertising
Referrals
one of the best ways to find employees
exercise caution when hiring friends or relatives of current employees
Chapter 11

22. What resources can you use for recruiting employees?
Chapter 11

23. Alternatives to Adding Staff
freelancers
people who provide specialty services to businesses on an as needed basis
compensated either hourly or by the project
Chapter 11

24. interns temporary workers
students who work for little or no pay to gain experience in a particular field
temporary workers
a business pays a fee to an employment agency
the agency pays the workers
Chapter 11

25. What are some alternatives to hiring permanent employees?
Chapter 11

26. Goals List and describe the steps in the hiring process.
Staff Your Business
Goals
List and describe the steps in the hiring process.
Describe compensation packages for employees.
Identify laws protecting employee rights.
Chapter 11

27. Terms
wages
salary
bonus
profit sharing
commission
benefits
Chapter 11

28. The Hiring Process Advertise the job offering Screen Candidates
remove candidates who are not right for the job
Review and Verify Job Applications
confirm accuracy of information
check references
Interview
Know what questions you can and can not ask
Make the Job offer
Train

29. Chapter 11

30. What are the four steps in the hiring process?
Chapter 11

31. Compensation Package Types of Pay wages salary
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
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32. bonus
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
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33. commission Commission-Only Plan
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
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34. Combination Plan Pay Competitively Total Pay = Base Pay + Commission
To attract the best workers
offer compensation that is better than your local average compensation
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35. Benefits
employment rewards for service in addition to salary
Paid Leave
vacation
sick time
Chapter 11

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

37. What may be included in a compensation package for employees?
Chapter 11

38. Laws & Taxes Affecting Employees
Payroll Taxes: Must be withheld payroll tax from their earnings & paid to the local, state, & federal government as wage taxes, Social Security (FICA) & others.
Fair Labor Standards Act: Requires employers to pay minimum wage & not hire anyone under 16-years-old full-time among other rules.
Equal Pay Act of 1963: Requires employers to pay men & women the same amount for the same work.
Antidiscrimination Laws: Protect employees from discrimination due to age, race, religion, national origin, color, gender, & physical disability.

39. Regulations that Protect Employees
Fair Labor Standards Act (FLSA) of 1938
Civil Rights Act of 1964
Age Discrimination in Employment Act of 1967
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40. Occupational Safety and Health Act (OSH Act) of 1970
Immigration Reform and Control Act of 1986
Americans with Disabilities Act (ADA) of 1990
Family Medical Leave Act of 1993
Chapter 11

41. Why do we need laws to help protect the rights of employees?
Chapter 11

42. Direct and Control Human Resources
Goals
Explain what should be included in the implementation of your staffing plan.
Discuss ways to motivate your employees.
Describe the control function of management as it applies to human resources.
Chapter 11

43. Terms
delegate
performance evaluation
Chapter 11

44. Implement Your Staffing Plan
implementing
directing and leading people to accomplish organizational goals
Understand the Levels of Management
supervisory
middle
top
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45. Apply Leadership Styles
Theory X managers
authoritative
Theory Y managers
democratic
Enforce Employee Policies
employee handbook
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46. Train Your Employees On-the-job training Coaching Mentoring
Conferences and seminars
Workshops and Classes
ORIENTATION!!
Job Shadowing
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47. What should be included in the implementation of a staffing plan?
Chapter 11

48. Motivate Your Employees
Pay employees well.
Treat employees fairly.
Recognize employees for the work they do.
Give employees adequate responsibility.
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49. Delegate Responsibility
letting other people share workloads and responsibilities
Listen to Employees
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50. How can you motivate employees?
Other ideas on Motivation besides money?
Flexible work arrangements for example?
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51. Control Human Resources
Evaluate Employees
performance evaluation
a management tool that helps determine whether the objectives for a particular job are being met
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52. Chapter 11

53. Promote Employees Dismiss Employees
Use objective, quantifiable criteria when determining promotion qualifications.
Dismiss Employees
Review problems with employees as soon as the problem is noticed.
Issue a written warning if the situation does not improve.
If improvement does not occur, dismiss the employee.
Chapter 11

54. Why is it important to conduct employee performance evaluations at regular intervals?
Chapter 11

55. Employee Policies and Manuals
Goals
Define and identify components of employee manuals
Explain the need for employee manuals
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56. Employee Policies and Manuals
Acceptable use policy
Training policy
Technology Abuse and usage policy
Retention/Firing policy
Behavior and acceptable conduct policy
Non-compete policy
Confidentiality Policy
Dress code policy
Compensation policy
Customer service policy
Benefits policy
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57. What would your employee manual look like
What would your employee manual look like? IOW what policies would you include in your manual and why? What other policies would make sense for your company that are not listed here?
Chapter 11