chapter 2, section 2-4 benefits & job expenses. i can… find the total job benefits find the...
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Chapter 2, Section 2-4Benefits & Job Expenses
![Page 2: Chapter 2, Section 2-4 Benefits & Job Expenses. I can… Find the total job benefits Find the net job benefits Compare the net job benefits of jobs](https://reader036.vdocument.in/reader036/viewer/2022072108/56649e5c5503460f94b546c8/html5/thumbnails/2.jpg)
I can…
•Find the total job benefits•Find the net job benefits•Compare the net job benefits of jobs
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What are employee benefits?• Also called “fringe benefits”• Employers provide other things to their employees
besides wages▫ Low cost health care/insurances▫ Paid holidays/vacation time▫ Sick leave▫ pension▫ Company car▫ Uniforms▫ Child care▫ Education▫ Recreational facilities▫ Credit unions
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How do you know what your benefits are?•It can be stated in money amounts OR as
a benefit rate, which is a % of gross pay.▫Employee Benefits = benefit 1 + benefit 2▫Employee Benefits = benefit rate x gross
pay•When considering different job offers be
sure to take both wages and benefits into consideration. ▫Total job benefits = gross pay + benefits
•Example 1, p.59•Check your understanding A & B
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So how much of my benefits do I really get to put in my pocket (net)?• To find out you have to calculate your “net job
benefits.”• First figure out your job expenses. • Examples:
▫Union or professional dues▫Commuting expenses (how much it costs to drive)▫Uniforms▫Licenses▫Tools
• Net job benefits = total job benefits - job expenses• Example 2, p. 60• Check your understanding C & D
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So how do I decide which job is better if I have a few to choose from?•You should think about the following
things when comparing jobs:▫Net job benefits▫How much you like the jobs▫Likelihood of getting a raise or promotion▫Chances of layoffs▫Job security
•Example 3, p. 60•Check your understanding E & F