1. HIRE AND MANAGE A STAFF Chapter 10 10.1 Hire Employees
Entrepreneurship
4/23/2017
Chapter 10
HIRE AND MANAGE A STAFF
10.1 Hire Employees
10.2 Create a Compensation Package
10.3 Manage Your Staff
Chapter 10

2. GOALS Lesson 10.1 HIRE EMPLOYEES
Chapter 10
Lesson 10.1 HIRE EMPLOYEES
GOALS
Determine the positions your business needs.
Recruit, interview, and select an employee.
Consider alternatives to hiring permanent staff.

3. IDENTIFY YOUR NEED FOR EMPLOYEES
Chapter 10
IDENTIFY YOUR NEED FOR EMPLOYEES
What kind of employees do I need?
What skills am I missing?
What skills do I need daily?
What skills do I need occasionally?

4. WRITE JOB DESCRIPTIONS
Chapter 10
WRITE JOB DESCRIPTIONS
A job description is a written statement listing the duties and responsibilities of a job.

5. CREATE AN ORGANIZATIONAL STRUCTURE
Chapter 10
CREATE AN ORGANIZATIONAL STRUCTURE
An organizational structure is a plan that shows how the various jobs in a company relate to one another.

6. RECRUIT EMPLOYEES Classified advertising Employment agencies
Chapter 10
RECRUIT EMPLOYEES
Classified advertising
Employment agencies
College placement centers
Other ways of recruiting employees

7. HIRE EMPLOYEES Know what to look for in an employee
Chapter 10
HIRE EMPLOYEES
Know what to look for in an employee
Screen job applicants
Interview job applicants
Check references
Make a job offer

8. ALTERNATIVES TO ADDING STAFF
Chapter 10
ALTERNATIVES TO ADDING STAFF
Hire freelancers or interns
Freelancers are people who provide services to businesses on an hourly basis or by the job.
Interns are students who will work for little or no pay in order to gain experience in a particular field.
Hire temporary workers

9. Lesson 10.2 CREATE A COMPENSATION PACKAGE
Chapter 10
Lesson 10.2 CREATE A COMPENSATION PACKAGE
GOALS
Determine the amount of pay for employees.
Identify a benefits portion of a compensation package.

10. WAGES AND SALARY Compensation levels Types of pay Pay competitively
Chapter 10
WAGES AND SALARY
Compensation levels
Pay competitively
Types of pay
Hourly wage
Salary
Commission
Combination plan

11. BENEFITS Paid leave Insurance Pension plan Vacation Sick leave
Chapter 10
BENEFITS
Paid leave
Vacation
Sick leave
Insurance
Health benefits
Other kinds of insurance
Pension plan

12. Lesson 10.3 MANAGE YOUR STAFF
Chapter 10
Lesson 10.3 MANAGE YOUR STAFF
GOALS
Lead your employees by developing a management style and desirable leadership qualities.
Motivate your employees by delegating responsibility and listening.
Evaluate your employees.

13. LEAD YOUR EMPLOYEES Levels and styles of management
Chapter 10
LEAD YOUR EMPLOYEES
Levels and styles of management
Desirable leadership qualities
Enforce employee policies
Train your employees
Safety practices and procedures

14. DESIRABLE LEADERSHIP QUALITIES
Chapter 10
DESIRABLE LEADERSHIP QUALITIES
Judgment
Honesty
Consistency
Enthusiasm
Cooperation
Communications
Dependability
Understanding

15. TRAIN YOUR EMPLOYEES On-the-job training Coaching Mentoring
Chapter 10
TRAIN YOUR EMPLOYEES
On-the-job training
Coaching
Mentoring
Conferences and seminars

16. MOTIVATE YOUR EMPLOYEES
Chapter 10
MOTIVATE YOUR EMPLOYEES
Pay them well.
Treat them fairly.
Recognize them for the work they do.
Give them adequate responsibility.

17. DELEGATE RESPONSIBILITY
Chapter 10
DELEGATE RESPONSIBILITY
To delegate is to let other people share workloads and responsibilities.
Benefits of delegating responsibility:
Employees are better motivated and contribute more.
You can focus on important items.
The company can grow.

18. Chapter 10
LISTEN TO EMPLOYEES
Listening to new points of view may help you come up with new, creative solutions.
If you value the opinions of your employees, they will feel they are a valuable asset to your company.

19. Chapter 10
WORK AS A TEAM
Employees who work as a team are usually very committed.
They are more likely to work harder and to come up with creative ideas for increasing profits.

20. Chapter 10
MAKE A GOOD TEAM
Establish trust among team members and gain their trust.
Make sure that all team members understand the goals you have set.
Encourage team members to be creative and innovative.
Make team members feel like partners in your business.
Help team members learn from their mistakes.
Build the team’s commitment to achieving the goals you have set.

21. EVALUATE YOUR EMPLOYEES
Chapter 10
EVALUATE YOUR EMPLOYEES
Create an evaluation procedure
Promote employees
Terminate employees