1. Standard/EQ
BMA-IBT-11 Examine basic human resources and the legal aspects of a business while incorporating the methods into business practices.
Warm up/EQ: What are employee benefits and why are the important for companies?

2. Vocabulary Benefits Incentive pay Employee services Profit sharing
Vested
Bonuses
Vacation/Holiday
Sick Pay
Leaves of absence
Insurance
Stock options
Pension
Savings plan
Travel expenses

3. Why do we Work

4. Human resources Each business will have a HR department or person.
They handle things such as ….
Hiring
Firing
Training
Benefits
They have to follow Federal and State laws.

5. Pay $$$$ Full time job Part time job
You can get paid the following way
Hourly pay
Regular time, overtime
Salaried
Commissions
Combination
ALL companies will provide you with some sort of benefits if you are full time employee.

6. Benefits
A form of compensation paid by employers to employees over and above the amount of pay specified as a base salary or hourly rate of pay.
Benefits are a portion of a total compensation package for employees.
So when you decide where to work, always take in account your Benefits not just salary.

7. Paid Vacations and Holidays
Profit Sharing
Plan that allows employees to receive a portion of the company’s profits at the end of the year.
Incentive pay:
money offered to encourage employees to strive for higher levels of performance.
Paid Vacations and Holidays
Set amount of paid vacation time
Earn more after each year you work with a company
Examples
Christmas
Thanksgiving
Fourth of July
Labor Day
Memorial Day

8. Employee Services Child Care
Extras that companies offer in order to improve employee morale and working conditions.
Examples:
Free parking
Wellness programs
College course
Child Care
On-site child care services
Coverage of child-care expenses

9. An allowance of days each year for illness with pay Leaves of Absence
Sick Pay
An allowance of days each year for illness with pay
Example:
Teachers receive 10 days for sick pay.
Leaves of Absence
Temporarily leave their jobs without pay for certain reasons
Job security
Examples:
Having a child
Completing education
Family illness

10. Pension
Funded by employer
Vested-entitled to full retirement account after a certain amount of years
Savings Plans
401K-private employers
403b-government/non profit employers

11. Bonuses and Stock Option
Insurance
Group Health Insurance
Group Life Insurance
Bonuses and Stock Option
B-Incentive pay based on quality of work done, years of service, or company sales or profits.
SO-Employees the right to buy a set number of shares of the company’s stock at a fixed price.

12. Travel Expenses
Provide a company car
Mileage allowance
Hotel
Meals
Company credit card

13. Google
Google Life Video

14. Activity
Go online and locate a list of top 100 companies to work for.
Find 2 companies (your career choice)
Find the following information
Company name
What type of benefits do they offer?
What makes them so great to work for?
Any other cool information you can find.
Be prepared to share with your classmates.