Prep College and Careers Ch 8

Company can terminate an employee for any of several reasons even if not based on performance

Benefits such as health insurance are a large part of the employee's employment package

What type of payment method is based on how much a person sells?

To calculate hourly wage I multiply the number of hours by the hourly wage rate.

Federal law requires that nonexempt employees be paid overtime

Kind of employee who works and earns a salary - generally not entitled to overtime.

It's a good idea to ask your boss the company's probation policy to prepare for the evaluation 

Which kind of benefit is a savings plan for retirement?

Extras that a company provides (like health insurance) in addition to pay.

A fixed amount of money paid to a worker for a set amount of time spent working.

The best way to dress on your first day on the job is...

Feedback an employee receives from regular evaluations will help to improve their performance

Reading & learning the company's policies right away after being hired protects you from ____ and ____.

An incentive plan that rewards employees with stock options for helping the company to do well

What type of benefit allows employees to choose the benefits they want or need?

A job loss that results from a business decision - like a reduction in the workforce.

Workers should should not expect to be paid for the work they do if they completed a poor job

The most common type of wage is overtime.

The behaviors, attitudes, values, & habits of the employees & owners unique to each company

A new employee will learn in orientation...

A mentor can be like a coach for new employees providing guidance & helping to learn policies

The initial period of employment time during which the employer monitors a new employee's work

Prepare for your 1st day at a new job because getting a new job is like moving to a new country

Which employees must be paid overtime according to federal law?

A program that introduces you to the company's policies, procedures, values, and benefits.

What is the term for an informal teacher/guide who helps new employees adjust to the workplace

Whatever type of orientation it should give a clear idea of responsibilities and company goals

Pay received for working more than 40 hours in a week.

Benefits a company provides are expected and need not be considered when searching for a job.

If you are unsure how to dress on your first day on the job, you should take the day off.

You can learn the company culture by listening to and observing your coworkers and supervisors.

Cafeteria benefit plans include the boss meeting you for lunch to discuss work assignments. 

Rewards workers for high levels of performance.

Performance reviews are important to your promotions, pay increases and future with the company

A meeting between you and your supervisor to evaluate how well you are doing.

A new employee may be paired with a senior coworker mentor who acts as the owner of the company

Retirement is when you stop working because of age or disability.

It's not important for service-oriented companies to have a strong corporate culture.

Strategies you can use to remember job tasks include

Specific company procedures spelling out what the company expects of you and you of the company

A company's mission statement describes exactly whom you should go to when you have a question.