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Job Offers and Hiring

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Job Offers and Hiring MANA 4328 Dr. George Benson benson_at_uta.edu Types of Contracts Legal Employment contract Employment-at-will Psychological An implied contract ... – PowerPoint PPT presentation

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Date added: 2 August 2019
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Learn more at: http://wweb.uta.edu
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Title: Job Offers and Hiring


1
Job Offers and Hiring
  • MANA 4328
  • Dr. George Benson
  • benson_at_uta.edu

2
Types of Contracts
  • Legal
  • Employment contract
  • Employment-at-will
  • Psychological
  • An implied contract
  • Employee promises Hard work, extra effort,
    commitment to company goals.
  • Employee expects in return Job security, fair
    treatment, development, pay and benefits.

3
  • Employment-at-will
  • VS.
  • Employment Contract

4
  • Employment-at-will
  • Employer not obligated to retain for specific
    time
  • Termination for any legitimate reason without
    liability
  • Disclaimers in applications and offer letter
  • Employment Contract
  • Employment for a definite period of time
  • Entitlements for compensation / benefits

5
Offer Letter
  • Legal document
  • Should be carefully worded
  • Creates obligations (intended or unintended)
  • Letter from HR or legal
  • Attraction tool
  • Final incentive for prospective hire
  • Should make new employee feel welcome
  • Letter from manager or company president

6
Job Offer Content
  • Start date
  • Usually allows notice for previous employer
  • Benefits
  • Usually a blanket statement and refer to HR
    documents
  • Conditions of employment
  • Reference checks, drug screen, I-9, medical exam
    etc.
  • Other conditions
  • Confidentiality / Non-compete / Arbitration
  • Working hours
  • Acceptance date

7
Job Offer Content
  • Base compensation
  • Based on payroll schedule rather than annual
    salary
  • Payment schedule (especially if monthly)
  • FLSA designation
  • Bonuses
  • As specific as possible including dates and
    criteria
  • Stock options
  • Consult an expert
  • Grant price / criteria / vesting / contingencies

8
Job Offer Content
  • Integration clause
  • Letter contains all terms and conditions
  • Letter supercedes all other documents or
    conversations
  • Employment-at-will disclaimer
  • Employment is not for a specific duration
  • Employment terminable by either party at any time
  • Include the magic words but dont go overboard

9
Responses
  • Yes
  • Follow immediately with positive communication
  • Instructions for start day (when, where, etc)
  • No
  • Try to find out why
  • Working conditions vs.
  • Maybe / More time....
  • Find out when
  • Answer any questions

10
Those Not Selected
  • Maintain positive relations with fair treatment
  • Inform promptly
  • Thank them for applying and acknowledge the
    effort
  • Tell them they were a finalist with good skills
    to offer
  • Most companies do not provide details of decision
  • Keep applications on file
  • Notify by mail or by phone for higher jobs

11
Independent Contractors
  • You have been retained as an independent
    contractor....
  • ....for the XYZ project...
  • ....to be completed by ABC date.
  • As a contractor you are not entitled to any
    benefits....
  • ....company will not withhold any taxes, FICA or
    other deductions.

12
Pricing Jobs Point Systems
  • Point System
  • A quantitative job evaluation procedure that
    determines the relative value of a job by the
    total points assigned to it.
  • Point-factor systems Managerial jobs
  • Hay System
  • Know-how
  • Problem solving
  • Accountability
  • More points equals higher salary

13
Pricing Jobs Market Pricing
  • Market Pricing
  • Salary surveys
  • Salary.com
  • Watson Wyatt
  • Trade associations

14
Median Household Income
15
Median Household Income
  • Median Income 2004
  • (50 Above 50 Below)
  • United States 44,473
  • Texas 41,275

16
U.S. Income Distribution 2001
Quintile Yearly Income Range in 2001
1-20 0 - 13,478
20-40 13,478 - 25,847
40-60 25,847 - 44,451
60-80 44,451 - 79,562
80-100 79,562 and higher
Top 5 162,351 and higher
Top 1 383,407 and higher
17
What is a Degree Worth?
18
Educational Attainment in Tarrant County
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