GoalsList and describe the steps in the hiring process.
Describe compensation packages for employees.
Identify laws protecting employee rights.
Slide 1
Staff Your Business
Screen Candidates•remove candidates who are not right for the job
Review and Verify Job Applications
•confirm accuracy of information
•check referencesSlide 3
The Hiring Process
•Sell your business. The candidate is interviewing you too!
•Make the interview effective.
What questions should you ask the candidates?
Slide 4
Interview the Best Candidates
Chapter 11
Types of Pay• wages
• 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
Slide 6
Compensation Package
Chapter 11
• 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
Slide 7
bonus
Chapter 11
• 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
Slide 8
commission
Chapter 11
• Total Pay =
Base Pay + CommissionPay Competitively• To attract the best workers
• offer compensation that is better than your local average compensation
Slide 9
Combination Plan
Chapter 11
• employment rewards for service in addition to salary
Paid Leave• vacation
• sick time
Slide 10
Benefits
Chapter 11
• health• dental• life • accident
Retirement Plans• 401k
• employer contribution matching• pension plans
Slide 11
Insurance
Chapter 11
Fair Labor Standards Act (FLSA) of 1938
Civil Rights Act of 1964
Age Discrimination in Employment Act of 1967
Slide 13
Regulations that Protect Employees