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Reflecting on… Pay. It’s More than a Salary
LET’S PRACTICE
Name: _____________________________________________________________________________
Beverly is Befuddled by Benefits Beverly is a recent college graduate. She’s received job offers from two different companies. She’s excited that she will finally be earning a paycheck, but also a bit befuddled. Beverly likes each of the companies and believes she could have a rewarding, long term employment relationship with either. Today she’s comparing employee benefits, trying to decide which company’s are better. Beverly is also wondering whether she should freelance. Your job: help her decide.
A
B
1. Both companies A and B have offered Beverly a base salary of $50,000. What does that mean? What might it indicate about her potential compensation? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 2. The representative from Company B tells Beverly “Don’t worry about your Social Security . We make sure that every dollar deducted from your paycheck goes directly into a Social Security account set aside especially for you.” Is this possible? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 3. When Beverly was interview by Company B the representative told her “Our company has the most awesome compensation package in the industry!” What’s a compensation package? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 4. Company A boasts to Beverly “Our company goes above and beyond our competitors. We not only offer workers compensation insurance , we allow employees time off for jury duty and voting! ” Should Beverly be impressed? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 5. Company B is a small startup with 30 employees. Beverly would love to work there. Unfortunately, they do not offer health insurance benefits. She worries that if she were to get sick, medical expenses could wipe out her savings. Can Beverly accept this dream job and get her own medical insurance ? How? Where can she find information about health care plans? PRODUCT PREVIEW
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Chapter 4 | Pay. It’s More Than a Salary
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