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

TipsHourly Wage

By the Job

Pay

SalaryCommission

Income

EconomicsPsychological

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 BenefitsThe 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

SecurityOffers steady employment

Pleasant Surroundingclean, attractive, comfortable,

indoors

Outdoors locationwork outside regardless of

weather

Regular Work WeekMonday through Friday

Flexible ScheduleNo specific work hours required

Adequate ResourcesSufficient equipment and

supplies

Convenient LocationCan reach within reasonable time each day without added expense

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

Congenial Co-workersCooperative, 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?