Ex.3. Discuss with your groupmates which of the following factors would be important to consider while choosing a company to work for:
Size of a company, attitude towards staff, recruitment process, location, reputation of a company, salary, management structure, working conditions, job security, career opportunities.
Ex.4. You are a jobseeker and you are interested in a particular post. How do you imagine your future interview?
Ex.5. Familiarize yourself with the following idioms. Consult your dictionary and translate the sentences into Ukrainian. Think of situations where you could use them.
1. There is monkey business with tax money going on in this region.
2. Weve been working for 10 hours and we are tired; lets call it a day.
3. He makes a killing selling umbrellas when it rains.
4. The advertising agency wont accept cheques any more, only hard cash.
5. I got the news at first hand, so I know its true.
Ex.6. Comment on the following proverbs and sayings. Do they have equivalents in Ukrainian? Think of situations where you could use them.
Pride comes before a fall.
People who live in glass houses shouldnt throw stones.
Ex.7. Read the joke:
THE JOB
A woman was being interviewed for a job. You understand that before we can offer you position, you must take a short test.
Of course, she answered
Well, how much is two plus two.
Four.
A second applicant entered the room. After a short interview, the recruiter asked, Are you ready for the test?
Yes.
Well, how much is two plus two?
The applicant answered, whatever the boss says it is.
The second applicant got the job.
Lesson 5
Text: Executive Pay
Grammar: When and if sentences
Terms to remember:
| interest | ™ | ; ; ( ); , |
| rent on properties | ™ | |
| income | ™ | ; ; |
| annual salary | ™ | () |
| wages | ™ | () |
| remuneration | ™ | ; ; |
| commission | ™ | , |
| amount | ™ | , |
| fee | ™ | ; ; |
| compensation package | ™ | |
| bonus | ™ | |
| fringe benefits/perks | ™ | |
| generous | ™ | ,; ; |
| benefits package | ™ | |
| medical insurance | ™ | |
| pension plan | ™ | |
| share option | ™ | (, . . |
| contribute to (v) | ™ | ; () |
| at an advantageous price | ™ | |
| golden goodbye/golden handshake/golden parachute | ™ | / ( , ; , , , , ) |
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|
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Executive Pay
For their regular job performance, people get their pay in accordance with employment contract.
Pay is seen as one of the most important forces in motivating the workforce.
The money a person receives, including salary, dividends, interest and rent on properties is called income. White-collar workers and professionals usually get a salary which is paid monthly, while blue-collar workers receive a weekly payment called wages.
Remuneration is a general term meaning payment for work. In some jobs (in sales for example), the employee receives a commission, which is a percentage of the amount he or she has sold. A fee is money paid for the professional services of people such as lawyers or consultants.
Benefits add to the value of job. Apart from salary, an executives compensation package can include bonuses and fringe benefits or perks. Many companies operate a bonus system for white-collar and blue-collar workers. Bonuses (extra payments) are usually paid against certain work done.
Fringe benefits or perks are extras received by an employee in addition to wages or salary. In managerial position these are usually generous, and are negotiated when a job offer is being made.
A benefits package may include: a company pension scheme, private medical insurance, company car, share options. A company pension scheme is a private pension plan which the employer contributes to. Share options give the employee the chance to buy shares in the company at an advantageous price.
There is also a compensation package for an executive leaving a company. It is also known as a golden goodbye, golden handshake or golden parachute.
Exercises in Word Study
Ex.1. Form nouns from the following verbs:
pay, remunerate, mean, employ, serve, consult, add, negotiate, insure, contribute, compensate.
Ex.2. Give the English for:
, , , , , , , , , , , , , , , , , , , .
