Ex.2.Describe a job that you would or would not like to have and explain what skills and type of personality are required for it.
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. We’ve been working for 10 hours and we are tired; let’s call it a day.
3. He makes a killing selling umbrellas when it rains.
4. The advertising agency won’t accept cheques any more, only hard cash.
5. I got the news at first hand, so I know it’s 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 shouldn’t 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 | ™ | процентний прибуток; відсоток; частка (в чомусь); інтерес, зацікавленість |
| rent on properties | ™ | дохід від нерухомого майна |
| income | ™ | прибуток; дохід; заробіток |
| annual salary | ™ | річний оклад (службовців) |
| wages | ™ | заробітна платня (робітників) |
| remuneration | ™ | винагорода; оплата; компенсація |
| commission | ™ | комісійна винагорода, комісійні |
| amount | ™ | кількість, загальна сума |
| fee | ™ | гонорар; винагорода; плата |
| compensation package | ™ | загальна сума оплати праці |
| bonus | ™ | премія |
| fringe benefits/perks | ™ | додаткові пільги |
| generous | ™ | щедрий,; великий; значний |
| benefits package | ™ | пакет пільг |
| medical insurance | ™ | медична страховка |
| pension plan | ™ | програма пенсійного забезпечення |
| share option | ™ | опціон на акції (пільга, яку іноді отримують працівники компанії. Вона надає їм право купувати акції компанії зі знижкою по відношенню до ринкової ціни. |
| contribute to (v) | ™ | робити внесок; сприяти (чомусь) |
| at an advantageous price | ™ | за вигідною ціною |
| golden goodbye/golden handshake/golden parachute | ™ | золоте прощання /золотий парашут (велика компенсаційна сума грошей та різні привілеї посадовій особі, що іде у відставку; велика одноразова виплата директору, менеджеру, що йдуть у відставку, або працівнику, який залишає компанію) |
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 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.
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:
дивіденди, процентний прибуток, дохід від нерухомого майна, на робочому місці, службовець, річний оклад, робітник, заробітна плата робітників і службовців, комісійні, гонорар, професійні послуги, юрист, консультант, значні додаткові пільги, пакет пільг, медична страховка, купувати акції за вигідною ціною, опціон на акції, премія, програма пенсійного забезпечення.