2Unit 1 Vocabulary Base Period Benefits Childcare Leave Commission Direct DepositDiscountDouble-time PayEmployment AgencyFamily Health CareFee PaidFICAForm W-4Gross PayHourly RateIndividual Health CareInsuranceMaximum Taxable IncomeMedicare TaxMinimum WageOvertime RatePaid Holiday TimePaid Vacation TimePensionPiecework RateRegular HoursResumeRetirement PlansRoyaltySocial Security NumberStock Ownership PlansUnemployment InsuranceWorkers Compensation
3Essential Question 1 Employment Basics What are the processes of looking for employment?
4Choosing Your CareerJob Analysis: A procedure that lists the positive and negative attributes of a given career choice.Positive Features:Salary: The amount of monthly or annual gross pay.Benefits: Incentives added to salary such as sick pay, vacation time, profit-sharing plans, health insurance, etc.Opportunities for promotion
5Choosing Your Career Job Analysis: Negative Features: Employee Expenses: Costs paid by the employee that are not reimbursed by the employer.Uniforms or Special ClothingLicensing FeesWork Characteristics:Routine vs Changing TasksIndoor vs Outdoor WorkWorking Alone vs Working with PeopleSupervisory RelationshipsCompany Rules and Policies
6Choosing Your Career Job Analysis: Other considerations that could be a positive or a negative depending on your outlook:Travel time to and from workCompany’s stabilityWork hours and flexibilityPersonnel policiesAdditional training requiredType of workSpecific job tasks
7Choosing Your Career Sources of career information: Dictionary of Occupational TitlesMonthly Labor ReviewThe American Almanac of Jobs and SalariesThe Occupational Outlook HandbookSources of company information:Standard & Poor’s Register of Corporations, Directors and Executives, United States and CanadaThe 100 Best Companies to Work for in America
8Planning Your Career Factors Affecting Career Choice Aptitudes: Natural physical or mental ability that allows you to do certain tasks well.Finger and manual dexteritySpatial reasoningMechanical ability
9Planning Your Career Factors Affecting Career Choice Interests: Things you like to do and the reason you enjoy doing them.Like working alone or with others or bothLike working inside or outside or bothLike manual work or thinking work or bothLike repetitive tasks or various tasks or both
10Planning Your Career Factors Affecting Career Choice Personality: Individual qualities and traits that make you unique.AppearanceIntelligenceCreativitySense of humorGeneral attitude
11Planning Your Career Sources of Job Opportunity Information Contacts: A person you know who can help you get an interview for a job.RelativesFriendsPeople you have worked forSchool Counseling and Placement ServicesPeriodicals, Books, and Other PublicationsPublic and Private Employment AgenciesNewspaper, Yellow Pages, and Private Job Listings
12Planning Your Career Job Search Techniques Keep a record of your work history:A record of jobs you have held and how long you stayed with each employer.A work history which shows you changing jobs six times in six months will make you appear immature and unstable and could hurt your chances of getting a job you might want.
13Planning Your Career Job Search Techniques Get Organized List prospective companies you might want to work for.Research job descriptions, skills and aptitudes needed, and other job requirements.Make lists of personal contacts.Prepare a current resume and letter of application.Ask previous employers and teachers for recommendations.
14Planning Your Career Job Search Techniques Make a Plan List your goals and time frames for accomplishment.Short-term goals (days or weeks) should be detailed and specific.Intermediate goals (months or years) should be specific but may not be as detailed.Long-term goals (five years or longer) may be general.Each step or goal should be checked off as accomplished.Follow Through. The most important – and the most difficult – step to follow.
15Planning Your Career Job Search Techniques Check back from time to time with potential employers after filling out a job application or an interview to show you are still interested in the job.Don’t Give UpSometimes you get your job on the first try; sometimes it takes a lot more.Looking for a job IS a job.
16Getting the JobLetter of Application: Introduces you to the potential employer and gives you a chance to “sell” your qualifications.Sent together with a resume.Parts of the Letter of ApplicationReturn Address: Your address at the top of the letter.Letter Address: The name and address of the person or company to whom you are writing.Salutation: (Greeting) Addresses your letter to the particular person you want to read it.Use: Dear Mr., Mrs., Ms., Sir, Ma’am, or Sir or Ma’am.NEVER use: To whom it may concern.
17Getting the Job Letter of Application: Parts of the Letter of ApplicationBody: The main part with from one to four paragraphs in length, and shouldAttract the employer’s attention.State your interest in the company and position.Arouse the employer’s desire to interview you.Request that the employer take action in the form of an interview.AIDA – Attention, Interest, Desire, ActionComplimentary Close: Courteously ends the letter.Ex.: Sincerely yours, Sincerely, or Respectfully.Your name is printed or typed several lines below the closing and your signature is above your name.
18Getting the JobResume: Briefly describes your work experiences, education, abilities, interests, and other information such as awards, offices, and activities.General GuidelinesThere are no set rules for preparing a resume.You should choose the style which best presents you to an employer.Keep your resume to one page, if possible.Should be attractive and easy to read with the most important information in the upper one-third.
19Getting the Job Resume: General Guidelines Include all information pertinent to the job for which you are applying.Do not prepare a “generic” resume.Use bond quality, standard size paper.Proofread carefully. THERE SHOULD BE NO ERRORS!Use a good quality laser printer and choose fonts that are attractive and business like.The resume not only shows information, it shows an employer how you organize and present yourself.
20Getting the Job Resume: Parts of the Resume Personal Information: Appears first and includes your name, address, telephone number, and address.Career Objective: A short, assertive statement indicating your career goal.Education: List all secondary and postsecondary schools you have attended, starting with the most recent and working backwards.
21Getting the Job Resume: Parts of the Resume Work Experience: List all jobs, paid and unpaid, that you have held, including assisting at school functions, working as a teacher’s aide, and any part- or full-time summer or vacation jobs.Additional Qualifications: Additional skills and abilities that you want to bring to a potential employer’s attention.
22Getting the Job Resume: Parts of the Resume References: Persons who have known you for at least one year and can provide information about your character and achievements.Be sure to ask permission of the people you wish to list as references.If references are not listed on the resume then include the statement, “References available on request.”References should include the name, address, and telephone number.
23Getting the JobLetter of Reference: A statement, in letter form, attesting to your character, abilities, and experience, written by someone who can be relied upon to give a sincere report.Make several copies and save the original.
24Getting the JobEmployment Application: Form provided by a potential employer to ensure pertinent information is obtained prior to an interview.Type, if possible, or print neatly in black pen.Be truthful.Have all information available that might be requested.
25Application Forms Procedures Use a pen with dark ink that does not skip or blot.Write legibly and small enough that information will fit into the space provided. Be as neat as possible.Fill in all blanks with the information requested; if the question does not apply to you, use one of these:N/A (meaning information not available or not applicable).Fill in the space with a broken line (- - -) to indicate that you saw the question but have no answer.
26Application Forms Procedures Read the form carefully and be sure you are answering the questions properly.Be truthful in your responses.Read all the small print before you sign the form.Have with you pertinent information.If you make a mistake, draw one line through it and write the correct information above or below it. DO NOT make big scratch marks on the paper.
27Getting the JobJob Interview: A procedure in which you may be questioned about statements you made on the application form or about information contained in the letter of application and resume.Preparing for the InterviewPractice, practice, practice, and then practice some more.Arrive on time.Dress appropriately.Go alone.Appear poised and self-confident.
28Getting the Job Job Interview: Reasons for NOT Being Hired Poor personal appearanceOver-aggressivenessPoor Communication SkillsLack of Desire/EnthusiasmLack of Purpose or GoalsLack of ConfidenceLack of Career PlanningLack of Tact and CourtesyLack of MaturityCondemning Past EmployersSloppy Application FormNo Sense of HumorFailure to ask QuestionsNo Knowledge of the Company
29Getting the Job Job Interview: What To DO When Interviewing DO stress your qualifications.DO recount experience that fits the opening.DO talk and think about the future, not the past.DO maintain poise and self-control.DO show interest and enthusiasm.DO show flexibility and a willingness to learn.DO learn about the company and its products.
30Getting the JobFollow-up: Positive contact with the employer after the interview.Reminds the employer of your appearance, personality, and qualifications.Designed to improve your chance of getting the job.Usually done in the form of a Thank-you letter: Letter written to remind the interviewer of your interest in and desire to work for the company.
31Essential Question 2 Employment Basics What is Social Security and Medicare and how do they affect your paycheck?
32Keeping Your JobForm W-4: Employee’s Withholding Allowance Certificate: Determines the amount of money your employer will deduct from your paycheck for income taxes.Allowance: Persons claimed that reduce the amount of tax withheld from your paycheck.The more allowances you can claim, the less tax you will have withheld.You may automatically claim yourself; other allowances may be claimed for spouse or children.You do not have to claim your full allowance however, you CANNOT claim more than your authorized allowances.
34Keeping Your JobSocial Security Number: Your federal permanent work identification number.Required before a person turns age one.Required for assessment of Social Security and Medicare taxes.Required for eligibility of funds received from federal programs.
35Keeping Your Job Employment Laws Federal Insurance Contributions Act of 1935 (FICA)Established Social Security.Amended in 1965 to provide Medicare.Every state must provide Unemployment Insurance.Involuntarily left job.Actively seeking a new job.
36Keeping Your Job Employment Laws Fair Labor Standards Act of 1938 Established minimum wage at .25/hour.Maximum work week for hourly employees is 40 hours.Established Worker’s Compensation.Civil Rights Act of 1964Commonly referred to as Title VII.Established the Equal Employment Opportunity Commission (EEOC).Established laws against sexual harassment.
37Keeping Your JobFICA: Federal Insurance Contributions Act of 1935; also known as Social Security.Money contributed to Social Security provides the following benefits:Retirement income.Income for disabled persons who can no longer work.Survivor’s benefits for the dependents of a worker who dies.Medical costs for persons covered by Medicare.
38Keeping Your JobFICAYou are required to contribute 7.65% of your pay to social security.Your employer is required to match your contributions.If you own your own business, you are considered both the employee and employer and must contribute both shares or 15.3% of your pay to Social Security.
39Keeping Your Job Example: You earned $300 last month. How much was withheld for Social Security?x = (0.0765)($300)x = $22.95
40Keeping Your Job Examples: Your friend Alicia earned $475 last month. How much was withheld for Social Security? How much was left over after paying Social Security?You own your own craft and hobby store and made $1565 in income last month. How much do you have to contribute to Social Security.
41Essential Question 3 Employment Basics How is piecework and commission calculated?
42Piecework and Commission Incentive pay: A payment or benefit given to encourage employees to do more and better quality work.Piecework Rate: Pay based on the number of items produced or jobs completed .Commission: An amount of money paid for selling a product or a service.
43Piecework and Commission Examples:Suppose you are paid $4.67 for each garment you complete while working in a clothing factory. If you complete an average of 2 garments per h, what is your average pay for a 40 h work week?(2)(40) = 80 garments produced per wk(80)($4.67) = $373.60
44Piecework and Commission Examples:Alex works part time at home typing papers for others on his word processor. Alex charges $1.75 per page and averages 9 pages per h. Alex needs to earn $250 per wk. About how many hours must he work each week? About how many pages will he need to type each week?Bonnie is a telemarketing caller and makes 18¢ per answered call. She made $ last week. How many calls did she make?
45Piecework and Commission Examples:As a magazine salesman John makes a commission of $8.25 per subscription sold. If John sells 60 subscriptions, how much money will he make?(60)($8.25) = $495.00
46Piecework and Commission Examples:Susannah is in automobile sales. She has a monthly salary of $1200 and earns a commission of 2.8% on her auto sales. If she had sales of $93,250, what was her gross pay for the month?Jim is an appliance salesman and earns a commission of 5¼% on each sale. Jim sold a washer and dryer set totaling $945. What was his commission on the sale?
47Essential Question 4 Employment Basics How do you calculate your wages?
48Employee PayGross Pay: The total or agreed-upon rate of pay before any deductions are made.Hourly Rate: Amount of money you earn for every hour you work.Salary: Amount of money you earn on a monthly or yearly basis regardless of hours worked.Overtime Rate: Pay received for any hour worked above 40 h per wk. Overtime pay is 1½ times your regular hourly wage. Salaried workers do not earn overtime pay.
49Employee PayExample:You work as a mechanic in a garage and earn $8.40 per h. What is your regular weekly pay if you work 37½ h each week?pay = (37.5)($8.40)pay = $315
50Employee PayExample:You work as a mechanic in a garage and earn $8.40 per h. During a very busy week, you are asked to work 44 hours. What was your total pay for that week?regular pay = (40)($8.40) = $336.00overtime pay = (4)($8.40)(1.5) = $50.40gross pay = $ $50.40 = $386.40
51Employee Pay Examples: Jason has contracted to work for a monthly salary of $2,400 plus $25 per hour for overtime. If he worked 56 hours last week, what was pay?regular pay = $2,400 × 12 = $28,800 ÷ 52 = $553.85overtime pay = 16 × $25 = $400gross pay = $ $400 = $953.85
52Employee Pay Examples: Kaylan earned $342 in a 40 hour week. What is her hourly wage?pay = $342 ÷ 40pay = $8.55
53Employee Pay Examples: Angela has an annual salary of $36,000. Calculate her monthly pay.pay = $36,000 ÷ 12pay = $3000
54Employee PayTime sheet: Anything used to keep track of the hours you work. Can be a punch card, log book, sheet of paper, etc.Deductions: Amounts subtracted from your gross pay. Examples include federal and state withholding taxes, social security, retirement, insurance, and other voluntary deductions.Net pay: The amount left after all deductions are taken out of the gross pay. Also known as “take home pay.”
55Employee Pay Examples: If your gross pay was $ and your net pay was $213.98, how much were your deductions?$ $ = $131.02How much will be deducted from your pay over the course of a year (52 weekly paychecks) for Federal Withholding Tax ($54.40 per wk) and Social Security Tax ($28.76 per wk).($54.40)(52) = $2,828.80($28.76)(52) = $1,495.52