Business Concepts
Technology has streamlined manufacturing.
Nicole works for a store that pays her $7/hr + 2% commission on sale days over $500.
How much money did she earn Tuesday working 4 hours with $320 in sales?
4*7=28
An advertisement for Coca-Cola.
:)
An employee that works using more physical labor.
Blue-collar
Being paid to take time away from work to rest and relax.
Vacation Time
Hat industry?
Printed newspaper publishing?
Shoe shining?
Nicole works for a store that pays her $7/hr + 2% commission on sale days over $500.
How much money did she earn Monday working 6hrs with $735 in sales?
7*6= 42
((735-500)*.02) = 4.70
42+4.70= $46.70
A company advertising for a part-time position.
:)
An employee hired on for the busiest season, and then let go during the slower times.
Temporary Employee
The one benefit all companies offer their full-time employees.
Health insurance
What are ways that small businesses compete to hire and retain highly qualified employees?
Flexibility?
Wide array of tasks?
More control over individual work?
More creativity?
Nicole works for a store that pays her $7/hr + 2% commission on sale days over $500.
Monday she worked 6hrs selling $735, Tuesday she worked 4hrs selling $320, Wednesday she worked 5hrs selling $570, Thursday she worked 3hrs selling $450 and Saturday she worked 8hrs selling $ 1,050.
What were Nicole's total earnings for the week?
26* 7= $182
(235+70+550)*.02=$199.10
A company advertising for a temporary position.
Retail!
A promotion.
Some companies match your contribution to your 401(K), others simply offer you a percentage in stock. These are examples of employers contributing to your ___
retirement plan
Aside from offering insurance, what types of activites should businesses undertake to protect and improve the health and safety of the employees?
Comply with health and safety regulation laws.
Physical layout should be ergonomically correct.
Breakrooms with nutritious food.
Fitness center.
A small business budgets $80 per employee per year for training costs. And additonal $50 is provided for the first year of training for new employees. Last year, the firm started with 35 employees and added 6 new employees.
What was the total cost of training for last year?
(6x130) + (35x80) = $3,580
A company offering flexplace.
Any remote position.
Flextime
List some benefits a company might offer to keep you healthy and eliminate distractions while you are at work, allowing you to work longer, more productive hours.
On campus child care
Fitness center
Cafeteria Plan
What advantages do companies create by hiring part-time and temporary employees over full-time, permanent employees?
advantages: less benefit cost, ability to cover higher volume periods.
Disadvantages: not as invested in the company, may not develop their skills.
A small business budgets $80 per employee per year for training costs. And additonal $50 is provided for the first year of training for new employees. Last year, the firm started with 35 employees and added 6 new employees.
What percentage of their cost is spent on new employees?
(6*130)/((6*130)+(35*80))=.217
About 22%
Whoever can find a job posting closest to Peabody High School in under a minute!
Dollar General?
Telecommuting is a popular form of this employment status
Flexplace
How could a company incentivize its employees to save more money?
By matching their contribution.