Ch. 10 Hire And Manage A StaffPresentation Transcript
Chapter 10 –Hire and Manage Staff Business Ownership Spring 2007 Williams C. Greene, (2000). Entrepreneurship Ideas in Action. Cincinnati, OH: South-Western.
Lesson 10.1 Hire Employees
A job description is a written statement listing the duties and responsibilities of a job. (pg. 214)
A job specification is a list of the qualifications a worker needs to do that job.
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
To recruit is to look for people to hire.
Here are a few ways to recruit employees:
Internet Job recruitment sites
College Placement Centers
To ensure you interview applicants effectively and efficiently here are some tips:
Prepare a list of questions to ask
List of questions found on (pg. 218)
Avoid dominating the applicant
Write a summary of your impressions of applicant (pg. 217)
10.2 Create a Compensation Package
The pay and other benefits employees receive in exchange for their labor are called compensation.
Wages and Salary
Wages are payments for labor or services that are made on an hourly, daily, or per-unit bases.
Salaries are payments for labor or services done on an annual basis.
Wages and Salary
Wages are based on time-based plans.
Example: Jenna earns $8.50 per hour
Salary is also based on time worked.
Example: Trisha earns $2, 500 per month
Example: Anna earns $56, 000 per year
Different Types of Pay
A commission plan pays employees a percentage of the volume of sales for which they are responsible.
A piece-rate plan pays the employee a fixed rate for each unit produced.