Salary and Wages
Financial Incentives
Fringe Benefits
Training and Development
Applicant Qualifications
100
A straight salary pays a specific amount of money for each week or month worked.
What is a Straight Salary?
100
When an employee is paid a percentage of sales for which he or she is responsible
What is commission?
100
20-40%
What additional percent of an employees wages is spent of benefits?
100
only by skilled employees
Who can buy training materials and manuals?
100
transcripts, grade reports, teacher references, employee references, work samples
What are some ways businesses can learn about their employees business and knowledge skills?
200
Time wage pays the employee a specific amount of money for each hour worked.
What is Time Wage?
200
Piece rate
What is another pay for performance plan besides commission?
200
State & Federal law
Some benefits are required by what?
200
To pair them up with with experiences employees to help them learn and practice procedures
What is an effective way to train new employees?
200
Personal references, interview, role playing, employer references
What are some ways employers can learn about their employees communications and interpersonal skills?
300
To manage the business & keep records of time each employee works.
How does the simple system work?
300
A system combines a wage or salary with an additional amount determined by the employees performance.
What is a base plus incentive?
300
Compensation, social security, medicare, overtime, and contributions to funds to pay for injuries.
What are some benefits offered?
300
Must receive training
What must employees need when a new piece of equipment or procedure is added to the small business?
300
interview, employers references, attendance records, work history from resume
What are some ways employers can learn about their employees attitude towards work and customers
400
Compensation is the amount of money paid to an employee for work performed.
What is Compensation?
400
When employees receive their regular compensation, plus a share of profits earned by a company.
What is profit sharing?
400
Its costly, but it may result in a more satisfied and productive employee.
How does paid vacation affect employers?
400
High schools, community colleges, and universities, adult education classes and advances courses.
Training is available from what outside sources
400
resume and employee references
What are some ways employers can learn about their employees work experience
500
Salary and wages
What two parts are compensation made up of?
500
profit sharing
What is a type of base plus incentive plan?
500
flexible schedules/work hours, supportive work environment, and greater responsibility, and involvement in decision making.
Some non-financial benefits that satisfy employees include
500
Seminars, classes, and provides a variety of training materials.
What does the Small Business Administration sponsor?
500
because the owner may not be an expert in hiring procedures.
Why is the hiring process for a small business not as formal or as long as the hiring process for a company?
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