Beginning a New Job
Business Issues
Mrs. Kohl
PART 1
FIRST DAY ON THE
JOB
A. Having a good first day
A.
Orientation – introduction to the company
1. Complete required and necessary
paperwork; bring
a. Driver’s license
b. Social security card
2. Introduction to coworkers
3. Tour
4.
5.
Company policies – specific rules,
expectations, pay/salary, vacation/sick
days, evaluations; dress code
May be assigned a mentor which is a
coworker(s) who help new employees on
the job; informal teachers
B. Exposure to company culture
1.
2.
What is company culture? Behavior, attitudes,
habits, and values of the company
Examples
a. Strict – business suits, always working
b. Laid back – open environment, casual
dress, easy going
C. Dressing for the job
1.
2.
3.
4.
5.
Want to match the company’s image
See what other employees dress is
Ask if you aren’t sure what to wear
Check out dress code policies
What is casual? Varies from company to
company – ask if you aren’t sure
PART 2
WHAT TO EXPECT
FROM YOUR
EMPLOYER
A. Pay
1.
Hourly wages – paid a wage for each hour
worked
a. Known as nonexempt employees – are
covered by a law who must be paid
overtime
b. Overtime – paid for hours over the
standard 40 hour week; usually time and
a half
c. Examples: secretaries, waitresses, bank
tellers
2.
Salaried wages – paid a set amount no
matter how many hours are worked
a. Known as exempt employees – not
covered by the law to be paid overtime
b. Examples: management positions,
teachers, doctors, judges
3.
4.
Commission – paid by how much one sells or
makes
a. Examples: car salesman, real estate,
telemarketers
Incentive plans – reward workers for
achievement
a. Profit sharing – workers receive a share of
company’s profits
b. Bonuses – reward for high levels of
performance
B. Fringe benefits
1.
What are fringe benefits? Extras for
employees in addition to the paycheck;
these vary from company to company
2.
Examples
a. Health plans – health insurance (most
costly to employers), dental plans, vision
plans, life insurance, disability insurance
b. Retirement plans – saving money for
retirement (401K, pension plans, stocks,
c.
d.
Convenience benefits – services that make
employee lives easier (flexible work hours,
onsite oil changes, gym memberships, on
site fitness area, daycare, counseling,
season tickets to athletic events)
Cafeteria plan – able to pick and choose
what benefits the company has to offer that
best suit the employee
C. Honesty and fair treatment
1.
2.
3.
Honesty: promised pay, benefits, hours,
vacation days
Fair treatment from employer,
supervisors, coworkers
Workplace laws cover certain situations
D. Evaluations
1.
2.
Performance reviews – scheduled formal
evaluations used to determine raises,
promotions, etc
a. Terms: 30 days, 60 days, 90 days, 1
year
Probation – when first hired, you are put “on
trial” to see how you do; used to determine
whether you are suited for the job
E. Standard separation procedures
1.
2.
Termination – nicer way of saying “fired”,
usually because of poor performance,
broken rules, etc. by the employee
Laid off – when a company can no longer
keep employees because business is
slow, business is closing, etc.
PART 3
PAYCHECK
DETAILS
A. Gross pay vs net pay


Gross pay – pay before deductions
Net pay – pay after deductions
B. Required deductions
1.
Federal income tax (FIT) – income tax for
the federal government
a.
b.
c.
Marital status
Number of allowances
Amount of income (gross pay)
2.
State income tax (SIT) – income tax for
the state government
a.
b.
c.
3.
Marital status
Number of allowances
Amount of income (gross pay)
FICA taxes


Social security 6.2% of gross pay
Medicare
1.45% of gross pay
C. Other deductions (optional)






Lunches
Child support
Savings/investments
Uniforms
Insurance
Miscellaneous expenses