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12. Describe a job that you would or would not like to have and explain what skills and type of personality are required for it.

13. Discuss with your group-mates 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.

14. 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 shouldn't throw stones.

15. 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."

51

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."

Who got the job?

TEXT 5: EXECUTIVE PAY

Vocabulary

interest процентний прибуток; відсоток;

частка (в чомусь); інтерес, зацікавле-

ність

rent on properties дохід від нерухомого майна

income прибуток; дохід; заробіток

annual salary річний оклад (службовців)

wages заробітна платня (робітників)

remuneration винагорода; опл ата; компенсація

commission комісійна винагорода, комісійнi

amount кількість, загальна сума

fee гонорар; винагорода; плата

compensation package загальна сума оплати праці

bonus премія

fringe benefits/pcrks додаткові пільги

generous щедрий,: великий; значний

benefits package пакет пільг

medical insurance медична страховка

pension plan програма пенсійного забезпечення

share option опціон на акціі (пільга, яку іноді отримують працівники компанії.

Вона надае їм право купувати акції компанії зi знижкою по відношенню до ринкової ціни.

contribute to (v) робити внесок; сприяти (чомусь)

at an advantageous price за вигідною ціною

golden goodbye/ golden золоте прощання /золотий парашут handshake/golden parashute (велика компенсаційна сума грошей та piзнi привілеї посадовій oco6i, що іде у відставку; велика одноразова виплата директору, менеджеру, що йдуть у відставку, або працівнику,який залишае компанію)

Executive Pay

For their regular job performance, people get their pay in accordance with employment contract.

52

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 executive's 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.

EXERSICES

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