Performance Standard MSCM8-2: Students will develop management skills that lead to academic and career success. Analyze the impact of stress and the importance of time and money management skills for academic, social, and career success. Written by Barbara Mackessy

Oral Pre-test Why do people work? What is the number reason why people across America work? What are the four basic needs for survival? How are people paid? What are some advantages and disadvantages of being paid different ways?

Vocabulary word wall Tips Hourly Wage By the Job Pay Salary Commission Income Economics Psychological Social Wants Needs

Why do people work? Economics Social Psychological

Economics = Money Wants and Needs Needs – what you need to survive = food, water, clothing and shelter Wants – what you would like to have, the extras

Social = Friends To be with and interact with other people.

Psychological = Peace of Mind Why we do the things we do I like… I enjoy… I feel better because… I’m helping … I’m contributing…

Why do people work? The number one reason why people work across America is money.

Now we know why we will work. How will we be paid?

How are people paid? Salary Hourly wage Commission By the job Tips Or any combination of the above

Salary Fixed compensation paid on a regular basis for services. An agreement to work for a period of time for a specific amount of money. You may be required to sign a contract.

Salary- Advantages Exact amount guaranteed Amount known Flexible hours Better benefits Job title Higher pay

Salary - Disadvantages Set pay check Long hours More stress More leadership needed usually

Salary Assistant Principals Principals Teachers Assistant managers Managers CEO’s Administrators Governors President Ball players Executives Designers Engineers State and Federal employees Game Wardens

Hourly wages Money paid for labor and services for the specific time you were at work.

Hourly wages - Advantages Paid overtime for extra Paid for hours worked Usually annual wage increases Full time or part time work

Hourly wages - Disadvantages Paid for only the hours worked No set pay check Less benefits May or may not have retirement plans Lower wages Easier to replace

Hourly Wages Loggers Maids Housekeepers Secretary Receptionist Retail sales Cashier Bank teller Security guard Carpenters Typist Clerks Lab technicians Recreation workers Dispatcher Inspectors

Commission Paid a percent or a set amount for doing a service. Paid a percent based on items sold. Paid a percent based on money collected. Set amount based on service provided.

Commission - Advantages You set your own work hours You set your own pay, the more you work the more you make Could make large amounts

Commission - Disadvantage Low hours equal low pay No guarantee No sales equal no pay

Commission Real estate brokers Real estate agents Business agents Agents Door to Door Sales Retail sales Wholesale sales

By the Job A person is paid for the job that they completed.

By the Job - Advantages Jobs equal money More jobs more money Hard work equals more money

By the Job - Disadvantages No jobs equal no money Have to recruit your own work Not energetic less money May not have any work Bad weather less work

By the Job Brick layers Carpenters Cabinet makers Concrete installers Paving Income tax prepares Beauticians Pilots Field trip drivers Coaches Actors, Actresses Singers Dentist Free lance photographer Truck driver

Tips Money left in addition to the basic charge for the service.

Tips - Advantages Extra money – may be in addition to your hourly wage Good attitude could equal good pay May make large amounts

Tips - Disadvantages May not get a tip All people do not leave or believe in tips Can’t depend on an amount Not reliable

Tips Waiter, waitress Cooks Bartenders Agents Bus drivers Tour guides Taxi drivers Displayers Deliverer Hostesses Models Musicians Singers dancers

Let’s Review Why do people work? What is the number reason why people across America work? What are the four basic needs for survival? How are people paid? What are some advantages and disadvantages of being paid different ways?

Which one is best for you? You must decide for yourself. Along with the money you must take a look at the benefits the job/career provides.

Fringe Benefits The extras in addition to your paycheck.

What are fringe benefits? Items in addition to the paycheck that are provided by the company. This could add up to a lot of extra things they you wouldn’t have to pay for out of your check. The fringe benefits could be enough for you to select one company’s position over another company’s position.

Benefits Sick days Personal days Holidays with pay Vacation days Health insurance Dental insurance Life insurance Disability insurance Vision insurance 401, 403K plans Retirement plans Day care options Automobile provided Travel with mileage Food allowance Supplies and Equipment provided Flex time Birthday off with pay Early retirement Percentages off merchandise

What are your values? How will your values influence your job or career choices in the future?

What type of Job Values do you need to consider? Values are things that are important or worthwhile to you. What do you want the company to do for you?

Good Pay

Security Offers steady employment

Pleasant Surrounding clean, attractive, comfortable, indoors

Outdoors location work outside regardless of weather

Regular Work Week Monday through Friday

Flexible Schedule No specific work hours required

Adequate Resources Sufficient equipment and supplies

Convenient Location Can reach within reasonable time each day without added expense

Free Parking Parking is provided close by site without a cost to you personally

Congenial Co-workers Cooperative, friendly and easy to get along with

Competent Supervisor One who is fair and provides feedback

Interesting work- Work that appeals to you Work that is not boring and that gives you the opportunity to do a variety of tasks.

Routine work Work that requires no complex skills. You know what you have to do, and do it. Usually involves doing the same task over and over again

Independent work Work that you do on your own For which you have complete responsibility either in your own business or working for someone else

People work Work that requires you to work closely with people To help, teach, serve or protect others

Creative work Work allows you to “do your own thing” To express yourself in different and ingenious ways Work in which you apply creative solutions to ordinary problems

Deadline work Work which requires you to meets deadlines often. Pressure kind of work which requires you to work overtime. A lot of stress may be involved.

Dangerous work Work that involves danger Involves risk of a physical nature

Mental work Work which requires you to do intellectual tasks Must do more mental work than physical work

Prestige work Work that results in recognition for you by people in your town or community Work in which you have high visibility and name/face recognition

Physical work Work which requires a great deal of physical activity More physical activity than mental activity

Mobile work Work that requires you to move about your city, state and country. Work which requires you to travel You may be required to spend a great deal of time away from your family

Innovative work Work that requires you to perform task or activities that have not been done before Or not done in the same way Work of an exploratory nature

Supervisory work Work in which you organize You are responsible for others You supervise the job performance of others

Humanitarian work Work that requires you to give unselfishly of your time to help others Give of yourself to make other feel better about themselves economically, physically or emotionally. Work that is frequently underpaid A lot of effort is expended but rewarding in other ways than pay

Your future is up to you! You are the one who decides. What type of work is best for you? Which benefits are most important to you? Would you select a job/career based on their benefits and the type of work?