Dogs
The amount of money earned before any taxes and deductions are taken
Gross pay
What is overtime pay?
Additional pay that is 1.5 times the regular rate of pay for work that exceeds 40 hours per week.
What is a non-exempt employee?
An employee who can earn overtime if they work more than 40 hours per week.
Does not usually require extensive training or education
job
Paid weekly, how many paychecks will you receive in a year?
52
A group of occupations within the same field that require similar knowledge or skills
Career cluster
What are tips also known as?
Gratuity
Nonmonetary form of compensation provided to employees in addition to their salaries or wages
Benefits
employee, entrepreneur, and intrapreneur
Types of compensation based on employer-recognized success.
Incentive
What is the gross pay for an employee who has worked 43 hours at a rate of $10.00?
$445.
40x10 = 400
3x15=45
400+45=445
What are two types of compensation incentives?
Commissions and bonuses
Profession for which one trains and is undertaken as a permanent calling
Career
What two things does compensation refer to?
monetary and non-monetary benefits that motivate employees to perform tasks
Provides money to family members in the case of the employee’s death
Life Insurance
How do you calculate wages for a worker paid hourly?
Multiply the hours by the hourly wage.
Give three examples of workplace benefits
Retirement, insurance, PTO, vacation days, sick leave, flexible hours, life insurance (I may accept others that are not listed)
What is the difference between a job and a career?
Job is temporary and career is something long-term and you train for
Payment of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
Group of workers who join to advocate for worker rights by collective bargaining.
Labor Unions
___ are corporate executives who develop new enterprises within a corporation
Intrapreneur
What does being classified as an exempt employee mean?
They do not receive overtime even if you work more than 40 hours per week.
Action that union members make that puts pressure on a business
strike
24
List two of the sixteen career clusters
Many options: Ag, Architecture/Construction, Arts/Communication, Business, Education, Finance, Government/Public Admin, Health Science, Hospitality/Tourism, Human Services, IT, Law/Public Safety, Manufacturing, Marketing, STEM, Transportation