You’re Hired! Business Management 1 Copyright © Texas Education Agency, 2012. All rights reserved “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Call TEA Copyrights with any questions. Copyright © Texas Education Agency, 2012. All rights reserved 2 Human Resource Management • Human Resource Management (HRM): – All the activities involved with acquiring, developing, and compensating the people who do the company’s work • HRM Activities: – – – – – – – 3 Employment Wages and benefits Employee relations Health and safety Performance management Employee assistance programs Employment planning and research Copyright © Texas Education Agency, 2012. All rights reserved Selecting Personnel • Establishing a need • Recruiting applicants – Current employees – Unsolicited applicants – Employment agencies – Other sources • Processing applications 4 Copyright © Texas Education Agency, 2012. All rights reserved Promoting, Transferring, and Releasing Employees • Promoting, or advancing an employee, from within a company is a favorable practice. • Transferring across departments within a company can provide new training opportunities. • Discharging, or firing, an employee could be due to a personality conflict or other issue. • A layoff can be a temporary or permanent reduction in workforce and can be the result of changing business conditions 5 Copyright © Texas Education Agency, 2012. All rights reserved Promoting, Transferring, and Releasing Employees (continued) • Employee turnover, the rate that employees enter and leave a business, may greatly increase hiring and training costs if it is high. • Exit interviews can provide valuable suggestions for improvements to human resource issues in a business. 6 Copyright © Texas Education Agency, 2012. All rights reserved Employee Compensation • Wages: based upon time, mainly entry-level – Waitress, clerical • Salary: professional positions – Teacher, doctor • Commission: sales employees – Real estate agent • Piece-rate: paid by the unit produced – Market researchers (paid by completed surveys) – Factory workers • Combination: salary + commission – automobile sales 7 Copyright © Texas Education Agency, 2012. All rights reserved Employee Benefits • Non-wage compensation • Insurance such as life, medical, dental, disability • Profit-sharing plans • Retirement plans • Flextime and job-sharing • Cafeteria plan-employees choose from options that meet their needs 8 Copyright © Texas Education Agency, 2012. All rights reserved Employment Laws and Protections • Occupational Safety and Health Administration (OSHA) – Safety and health standards – Inspections and investigations • Fair Labor Standards Act – Established minimum wage and overtime wage – Limits and conditions on teen employment • Social Security Act – Income for retired and disabled workers – Medicare-insurance for retired workers • Unemployment Insurance – Employee termination by employer – Worker must actively be seeking employment 9 Copyright © Texas Education Agency, 2012. All rights reserved Employment Laws and Protections (continued) • Workers’ Compensation – Covers death, injury, or illness resulting from employment • Civil Rights Act of 1964 – Prohibits discrimination on basis of race, color, gender, religion, or national origin • Equal Pay Act – Prohibits unequal pay for men and women doing similar work • Americans with Disabilities Act (ADA) – Prohibits discrimination on the basis of physical or mental disabilities • Family and Medical Leave Act – Up to 12 weeks of unpaid leave for birth or adoption of a child and for personal illness or illness of an immediate family member 10 Copyright © Texas Education Agency, 2012. All rights reserved Independent Practice Assignments • Labor Laws Report – Students will create a report using MLA format. The topic of the report will be to compare and contrast at least five of the major labor laws that may affect them in the future. This information is located at the Department of Labor web site listed as #2 of the reference section in this lesson. Students may research additional laws as well. • College Major Research Table – Students will create a two-column table using word processing software listing five colleges/universities in one column and college course descriptions (in phrases) for Human Resource Management courses in the other column. There should be two courses for each college listed. The descriptions need only contain phrases as opposed to copying entire paragraphs that may be in some descriptions. • Job Offer Scenario T-Chart – Students will make a decision for the following job offer scenario: You have been offered a position of Sales Supervisor at a major retail outlet. You will be paid $17 per hour and you hope to work full-time, 40 hours per week, but no vacation pay or insurance. If you take off for any reason, you do not get paid for it. You were also offered a Sales Manager position at a competitor retail store for a salary of $30,000 with insurance and 2 weeks’ paid vacation. However, you will be required to work overtime, especially during inventory time twice per year, and because you would be a salaried employee, you will not get additional pay for the overtime hours. Your TChart document is to include a mathematical analysis of both job offers, one on each side of the T-Chart. It will also include an explanation of the possible benefit or consequence of each aspect of the offer such as: 1) which job pays more per hour, considering overtime, 2) vacation or not, 3) insurance or not, 4) number of possible hours to work, and 5) possible future job considerations based on the job title selected (supervisor vs. manager). Your final decision must be identified. Copyright © Texas Education Agency, 2012. All rights reserved 11