Kari Scott was trying to make a decision between two job offers.The jobs and the type of organization in which the jobs were located were quite similar but the content and distribution of the total compensation package held significant differences.In trying to make her decision,she made the following comparison list:
Base Salary:Vacation:Life Insurance:Medical InsuranceDefined ContributionPension Plan:grossPaid Sick Leave:Job A $ 36,000 / year3 weeks/year to startOne times annual salary 0.333 % per $ 1000 coverageSimilar to Job BEmployee contributes 5 % of grossannual salary; Employer matches 1:1matches 50 % of employee contribution contributionUse up to 10 sick days per year,unused days paid out at end of yearJob B $ 45,000 / year2 weeks/year to startDouble annual salary 0.333 % per $ 1000 coverageSimilar to Job AEmployee contributes 5 % ofannual salary, Employerof employeeUse up to 6 sick days per year,unused days lost at end of year
-The gross (before taxes) value of the defined contribution pension plan paid by the employer is __________ for Job A and ________ for Job B this year.
Internal Perspective
An approach that focuses on understanding and evaluating matters based on one's thoughts, feelings, and motivations rather than external influences.
External Perspective
Viewing a situation or problem from an outside viewpoint, often to gain new insights or understand broader implications.
Human Behavior
The range of actions and mannerisms exhibited by humans in conjunction with their environment, which are influenced by culture, attitudes, emotions, and genetics.
Structured Practice
Structured practice implies a methodical approach to learning or skill development, often involving systematic exercises or activities designed for improvement.