Determining the better package

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Assignment:

Rosa Sanchez, single, age 25, received two job offers after college graduation. Both were with organizations that she respected, and the nature of the work at each place sounded very interesting to her. One job was with a larger, well-established firm and offered $22,000 per year in salary plus noncontributory benefits worth $7,000 per year. The other job was with a small business and offered a salary of $30,000 per year without employer voluntary benefits (the employer is required to pay for social insurance programs). Rosa's mother suggested that she make the choice between the two jobs based on which offered better total compensation.

1. What factors should Rosa consider in determining the better package? Which package do you think maximizes her total compensation?

2. Which employer is economically better off (all else being equal), the one offering salary plus benefits or the one offering salary only? Explain your answer.

Reference no: EM133217435

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