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44 Cards in this Set
- Front
- Back
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The main purpose of a business is to make money
-profit is not fourn letter work -its not an evil goal but result of capitalism -nationons all oveer admire our system -a business' character is defined by how they operate & treat their people -values apply to business just as they apply to people -99% of all business' are operated by good & decent people |
Tenets about busines
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the two basic things that businesses sell are servives and products
-a business profits if its reenues are more than its costs -even non profit or not for profits mus make a profit to survive -profits are tunrd back into the organization |
business' make money
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your ourly wage
-fringe costs -overhead & general administrative costs |
costs a business has to employ you
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there are two types of these ; legally and voluntary fringe items
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fring costs
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payroll taxes
-wokers compensation |
legally required fringe costs
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health insurance
-disability insurance -paid time off -vacations -sick leave |
Voluntary fringe costs
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employers must pay required taxes on your wage
-FCIA -social security 6.2% -both employee and employer pay same amount -medicare 2.9% employee and employer slpit it |
Payroll taxes
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federal unemployment taxes-6.2%
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FUCA
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sate unemploytemt tax- depends on your claims hitory
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SUTA
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health insuranc
-dntal and vision insurace -disability insurance -paid time off; holidays (usually 8-10 days per year) -vacation time (usually starts at 10 days/year(sometimes unlimited). -401 k programs -matching -directionary (profit sharing) |
examples of voluntary Benefits
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over head costs
-electizity -floor space -material costs -suplies etc. -marketing/sales cost |
over head costs
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someone has to keep an eye on you
-someone has to run & operate the company while you're in the trenches taking grenades & making the money |
management cost
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yearly bonuses
-excessive bench time for service people or tim-on-shelf products -contract losses -budget overruns -market conditions -rates can be higher or lower due to demands . |
things not considered not be in an hourly rate
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company history
-what they do not just in your interest area -how its organized-goegraphic & organization -sucess & failures -prepare some questions or comments base on your research -your knowlege of the company could help you in the interview -shows thm youve don your homework -be careful no to come across too smart |
finding out about a company
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remember you are being watched
-if you're in your car talking on the phone -people in the halls will see you -the individual at the front desk watches everyone -you may be asked to fill out an application unless it has been previously sent to you |
as you arrive
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this person is very influential to others in the company
-they'll normally review the interview process with you |
somone in human resources will be your first contact
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most interviewers shoudl be relaxed but not laid back
-tak you clue from the interviewer -most questions seekign a fiarly detailed reply not yes or no -the interviewer might be expecting some questions from you -engage in a conversation like you should on a date without the suggestive dialouge -companies are looking for people who can communicate!! show them |
what the tone of the interview
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how did the company start out
-can you tell me about the work enviroment & company values -can yiou describe a typical work day -what kind of skills & tallents are neccessary for someone to succeed in your company -how does the economy effect business -how do you see the furture of the industry |
questiong you might wish to ask
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thank you notes to perspective mployers are classy
-should arrive with a few days of the interview -shows you care & have good follow-through -sometimes puts you out in front of others -folow-up with HR or proper person -stay in tough -thankyou notes to your references whe they are used |
follow up items
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they will normaly call to either
-talk with you about a possible offer -needing more informations to formualte the offer-ie start dates -asking something else related to the offer -deliver the offer via the phone -tell you they want to make an offer pending a background check -if its an offer they will normally tell the basics -position -start date -pay -benifits |
listen carefully
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ask any questions you wish
-if its an verbal offer, ask for it to be put in writing citing the specifics -any credible employer will do this as a matter of practice -it should be a warning to you if they wont -you know are at some crossroads -do you say no -do you say yes -do you give them a tentative yes based on seeing the written offer |
so what do you do
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not everything is negotable
-some employers are very rigid -some employers will game you -others will put their best foot foward -economies & job markets drive everything -salary can be negotiated depending on the job -some benefits can be negotiated with some firms -some some companies wont budge on benefits due to fear of discrimination -crontrolling managing cotst effectively |
negotiating 101
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employees understands that s/he wil be subject to all mployers rules, policeis, and conditions. employee further understands and agrees that teh employer may modify any benefits, rules, policy, or cinditions of employment at any time with or without notice
-employement with the company is at the mutual consent of the employer of the employer and the emplohyee and either party may terminate that relationship at any time, with or without notice and with or without cause, as much employement with thie employer at will |
employment terms
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unless voluntary terminated due to a reduction in force as declared solely on employer, the employee agrees that during his/her employemnent period and for a period of twelve consecutive months therafter, employee will not , on bhalf of himself/herself or tohers, engage in, or assist any other person or entity, in performing work on any program, project or taks the employee has worked on as a company employee or an other related employer program, project or task whether or not the employe worked on it. further for a period of twelve consecutive calander months following termination for any reason, employee will not, directly or indirectly, solicit, hire or attemst to hire , andy employee of employer or take any other actions that would encourage any such employee to resign
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Post employement restriction
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it is understood that the parties that during the term of employees employment, employee will have access to and become aquainted with ceratin confidential information. Employee expressly covanants and agrees that s/he will not at any time during his/her employment or aft the termantion therof for any reason, either directly or indirectly, reveal or divulge, or make known to any person corporation firm or entity any confidental information or use confidental information, either for his/her own benefit or the benefit of others
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confidential information
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employee agrees that upon termination of employment, employee will return, in good condition, normal wear and tear aside, to the employer all its property in his/her possession or control. employee agrees that the employer may deduct from employee's compensation due amounts neccessary to cover any such damage to employers property in his/her posession or control
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return of property
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read the company policy hand book
-you can find many answers to questions -communcates expectations of both the employer and employee -helps avoid legal disputes -in most cases written compny policies take precedence over verbal instruction -company hand book help both an employee and employer -employees should use them to hold a empler accountabel -employers use them to communicate and enforce policies |
policy hand book
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ask questions-co workers , supervisors, or an HR department
-know what is available & how things work -remember that benefits rule by the company policy -look hard at your medical insurance options -ppo vs hdmi/hsa - if you chose to tak health insurance remember that insurance companies currently have the right to deny you later on. remember that once you say no youll need a qualifiying event to get it later examples of qualifiying are -spouse who had coverage lost job -change in legal marital status -change is spouses employment status -birth or adoption of a child -understand that everything costs someone money -take advangage of a 401 k |
signing up for your benefits
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a certian plan allows employees to chose between different types of benefits, similar to the ability of a customer to chose among available items in a cafeteria
-plans may offer such benefits as -health insurance -group term life insurance -401 k -flexible spending accounts -dental insurance |
cafeteria plan
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hmo= healt maintenance orginaztion
ppo= perfered providor orginazation -HDHP= high deductable plan -basic differences -all three plans have deductibles -typically the higher the deductible, the lower the premium -most HMO/PPO plans has establisched co pays but HDHP plan normally does not have co-pays -the biggest difference between HMO/PPO and HDHP plans, besides the out of pocket expense upfront, is the selection of doctors -an HMO plan is normally the cheapest but restricts doctor selection |
HMO, PPO vs. HDHP plans
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in the ppo plan, if you go to a physicaian or hospital not in the network you may not pay a higher co-pay, but the insurance company might not pay as large percentage of the bill
-the doctors, hospitals, and other health care provider make a deal with the insurance company to give the company a break on their prices -ppo plans use only their network of doctors for full credit and pay less if you use a pysican hospital provider not in their network |
PPO medical plans
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a blank is a tax deffered savings account established to pay costs for medical and dental for dependant care
-ammounts you put into the account should be used before teh end of the year or you will lose it |
Flexable spending accounts
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a high deductible health plan is a healt insurance plan with lower premiums and higher deductibles that a traditional health plan
-it is a form of coverage that levies more responsibity to the consumer -the reason the cost is lower of these plans is that they don't have to pay smaller claims -with a high deductible, most people doent reach the deductible amount, so the money they reciebe only offsets bigger claims, something they'd have to do regardless of the deductible |
HDHP medical plan
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-with a high deductible plan you may chose any docter you want
-you start a health savings account -dollars used into tax-sheltered account -use dollars tax-free if pay medical-related dental expenses -unlike a flexible spending account (FSA), HSA dollars stay with you and your acccount and are not lost at the end of the year -you must have a hdhp plan in order to have a HSA |
HDHP cont'd
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Dress like you mean business
-establish a good attendance record\ -time matters -dont be habitually late -unles you're punching a time card, dont watch the clock waiting for the end of the day |
work begins
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look around for examples of the enviroment
-some things just don't come to work |
you workplace-cubicle or office
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understand what you can cant do with it at work
-some companies are very strict with others are not t |
the internet or phone use
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what can held agianst you will be held against you
-assume everything you write will be on the front page of the washington post -dont be stupid like others who have hanged themselves -limit your business on company time |
company email is not private to you
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how he/she communicates and expects to be communicated with ie emails, discussions, briefs etc
-work expectations--schedule , performance, etc. |
learn your bosses style
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schedule it as far in advance as you can
-remember you're low person on the totem pole -negotiate pre-arranged unpaid time off prior to start date |
paid time off
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be carefull until you kow people outcats, pecking order,
-office romance -check handbook, watch distractions, dating subordinates or bosses |
relationships
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unwelcome sexual advances, requests for sexual favors, and other veerbal or physical conduct of a sexual nature constitutes this when submission to or rejection of this conduct
-affects an individuals employment, unreasonably interferes with an individual's work performance -or creates intimidating, hostile or offensive work enviromen |
sexual harrasment
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we will not meet at wright stat
-interviews helt at the green tree group from 6:00 to nine -make sure you know where you are going -to arrive early-dont be late -at least by 5:50 if you can -feel free to arrive anytime after 5:00 -forfiture of all points for missed, late arrival or early departure -sanwiches, chips drinks will be served -dinner is on me -vegetarians need no fear -you wil have time to eath throughout the evening |
next week
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there are 11 profesionals who wil be interviewing students
-each of you will be assigned specific times with specific people in specific locations of the buildings -each of you will fill out an application-come prepared -each of you will go through a budgeting excersize -each of you will interview twice-several of you will interview three times -each interviewer has been given questions to ask and may ask their own -they will have read ur jop posting, letter, and resume -they will evaluate your letter, resume, performance, appearance, poise etc. -they will not evaluate you on your qualifacations -exdpect thenm to differ in opinion with each other -ther will be a panal discussion with 11 profesionals at the end of the evening. its your chance to -hear different opionons and ask questions -speak with profesional who may not have met you durring the evening |
expectations
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