Ch. 10 Hire And Manage A Staff

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Ch. 10 Hire And Manage A Staff

  1. 1. Chapter 10 –Hire and Manage Staff Business Ownership Spring 2007 Williams C. Greene, (2000). Entrepreneurship Ideas in Action. Cincinnati, OH: South-Western.
  2. 2. Lesson 10.1 Hire Employees <ul><li>A job description is a written statement listing the duties and responsibilities of a job. (pg. 214) </li></ul><ul><li>A job specification is a list of the qualifications a worker needs to do that job. </li></ul>
  3. 3. Organizations Structure Board of Directors Chairman of the Board/CEO President Vice President/Athletic Director Vice President of Finance/Accounting Vice President of Marketing Director of Human Resources Basketball Director Director of New Customers Tennis Director Director of Accounting/Finance Basketball Coaches/Trainers Tennis Coaches/Trainers
  4. 4. Recruit Employees <ul><li>To recruit is to look for people to hire. </li></ul><ul><li>Here are a few ways to recruit employees: </li></ul><ul><ul><li>Classified Advertising </li></ul></ul><ul><ul><li>Employment Agencies </li></ul></ul><ul><ul><li>Internet Job recruitment sites </li></ul></ul><ul><ul><li>College Placement Centers </li></ul></ul><ul><ul><li>(pg. 216) </li></ul></ul>
  5. 5. Interview Applicants <ul><li>To ensure you interview applicants effectively and efficiently here are some tips: </li></ul><ul><li>Prepare a list of questions to ask </li></ul><ul><ul><ul><li>List of questions found on (pg. 218) </li></ul></ul></ul><ul><li>Be courteous </li></ul><ul><li>Avoid dominating the applicant </li></ul><ul><li>Take notes </li></ul><ul><li>Write a summary of your impressions of applicant (pg. 217) </li></ul>
  6. 6. 10.2 Create a Compensation Package <ul><li>The pay and other benefits employees receive in exchange for their labor are called compensation. </li></ul>
  7. 7. Wages and Salary <ul><li>Wages are payments for labor or services that are made on an hourly, daily, or per-unit bases. </li></ul><ul><li>Salaries are payments for labor or services done on an annual basis. </li></ul><ul><li>(pg. 221) </li></ul>
  8. 8. Wages and Salary <ul><li>Wages are based on time-based plans. </li></ul><ul><ul><li>Example: Jenna earns $8.50 per hour </li></ul></ul><ul><li>Salary is also based on time worked. </li></ul><ul><ul><li>Example: Trisha earns $2, 500 per month </li></ul></ul><ul><ul><li>Example: Anna earns $56, 000 per year </li></ul></ul>
  9. 9. Different Types of Pay <ul><li>A commission plan pays employees a percentage of the volume of sales for which they are responsible. </li></ul><ul><li>A piece-rate plan pays the employee a fixed rate for each unit produced. </li></ul><ul><li>(pg. 222) </li></ul>

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