1. Who to Hire & What to Consider
Hiring Practices
Who to Hire & What to Consider

2. Think About… When hiring companies must consider:
Cost: Advertising, time to interview, training costs, etc….
Training: takes time, money, and slows down production
Will the employee work out for you?
Can you fill the vacancy by shifting responsibilities to another employee?

3. Evaluating Resume’s Should consider the following:
Professionalism: is it put together well?
Experience: What are they bringing to the table?
Schooling: Degree’s, diploma’s, etc…
Employment History: Gaps in employment, why they are switching jobs?
Availability: Is their schedule flexible?
Wages: How much are they expecting to be paid?
Volunteer Experience: Relevant to the position?

4. Compensation How much do you pay your employees?
Two schools of thought here.
Pay workers above average
Pay workers average/below average.

5. Above Average Workers are happy Employees will probably work harder
Don’t always have to hire as many people
Employees are less likely to switch jobs

6. Below Average Hire more people since you are paying less
Many people are happy to just have a job
Put more money into training

7. Compensation Money paid to employees in the following forms:
Hourly wages
Salary
Commission and combinations with wage and salary
Incentive bonus
Performance based pay
Stock options

8. HOURLY WAGES
MINIMUM WAGE: is the lowest hourly wage an employer can pay
OVERTIME PAY: paid when employees work more than regular hours.
Overtime is 1 ½ or twice the regular hour

9. SALARY A salary is a fixed amount per year. Paid: Once a week
Bi-weekly - Once every two weeks
Semi-monthly
Monthly

10. STRAIGHT COMMISSSION Paid a percentage of sales
Ex. Retail, real estate, vehicles
Sales x commission rate = Gross pay

11. INCENTIVE BONUS: Reward for good performance based on measurable standards.
Example: Employees are given sales or production targets and will be given a bonus for reaching them.
 PERFORMANCE BASED PAY: Exceeding the expectations of the job
Example: Exceeding company goals

12. Walk About Activity
There are 9 pictures around the room white boards at each. Answer the following question on the white board.
1)What is the first thought that pops into your head relating to this picture?

13. 2) What do you think the picture is trying to communicate?