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Human resources

Human resources. Benefits and Incentives (What to look for as an employee) (what to offer as an employer). Standard/EQ. BMA-IBT-11 Examine basic human resources and the legal aspects of a business while incorporating the methods into business practices.

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Human resources

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  1. Human resources Benefits and Incentives (What to look for as an employee) (what to offer as an employer)

  2. Standard/EQ • BMA-IBT-11 Examine basic human resources and the legal aspects of a business while incorporating the methods into business practices. • 11.4- Create a plan for recruiting, hiring, and retaining a new employee and the associated costs. • Essential Question: What are employee benefits and why are the important for companies?

  3. Benefits • Forms of employee compensation in addition to pay. 11

  4. ProfitSharing • Plan that allows employees to receive a portion of the company’s profits at the end of the year. • Incentive pay: • money offered to encourage employees to strive for higher levels of performance. • Example:MossieBucks Paid Vacations and Holidays • Set amount of paid vacation time • Earn more after each year you work with a company • Examples • Christmas • Thanksgiving • Fourth of July • Labor Day • Memorial Day

  5. EmployeeServices • Extras that companies offer in order to improve employee morale and working conditions. • Examples: • Free parking • Wellness programs • College course ChildCare • On-site child care services • Coverage of child-care expenses

  6. SickPay • An allowance of days each year for illness with pay • Example: • Teachers receive 10 days for sick pay. Leavesof Absence • Temporarily leave their jobs without pay for certain reasons • Job security • Examples: • Having a child • Completing education • Family illness

  7. Google • Google Life Video • http://www.youtube.com/watch?v=_QqT38QRA84 • (If it will not let you watch it on the computer, watch it on your iPads from the YouTube App) – • Search The 'Google' Life

  8. Insurance • Group Health Insurance • Group Life Insurance BonusesandStockOption • Bonuses -Incentive pay based on quality of work done, years of service, or company sales or profits. • Stock Option -Employees the right to buy a set number of shares of the company’s stock at a fixed price.

  9. Pension • Funded by employer • Vested-entitled to full retirement account after a certain amount of years • Savings Plans • 401K-private employers • 403b-government/non profit employers

  10. Travel Expenses • Provide a company car • Mileage allowance • Hotel • Meals • Company credit card

  11. Activity • Complete the assignment on the calendar: • Employee Benefits Brochure

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