Monetary and non-monetary benefits

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Reference no: EM133646520

Question

We covered monetary and non-monetary benefits and the importance of reviewing and comparing them before accepting a job offer. For this discussion, you will be deciding which job is right for you. After reading the job offers, in your initial post, answer the following:

- Calculate your out-of-pocket expenses monthly and annually as it pertains to your life. (You'll need to figure out the cost of gas, childcare if applicable, healthcare/medical premiums)

- State the job offer you selected (i.e., Job Offer 2) and explain in detail why the one you chose is more beneficial for your lifestyle.

- List two benefits you would add to the compensation package and justify the reasons as to why they would be beneficial for your lifestyle (Ex: tuition reimbursements, Dental, vision, gym membership, etc.).

Job Offer 1: The salary is $43,000. Medical premiums monthly are $200 for a single plan and $425 for a family plan. Childcare is on-site and $100.00 a week per child. You have Personal Time Off (PTO) earning 2 days a month along with 2 weeks' vacation. The job is located 12 miles from your house. The company has a 401K but, no employer matching. Possibility of remote work.

Job Offer 2: The salary is $55,000. Medical premiums monthly are $220 for a single plan and $450 for a family plan. If you need childcare, you have to find a local facility and pay for it out of your own pocket. You have 5 sick days and 2 weeks' vacation a year (it increases with longevity). The job is located 5 miles from your house. The company has a 401K with an employer matching up to 3% of your base salary. At this time, no remote opportunities.

Job Offer 3: The salary is $30,000. Medical premiums monthly are $100 for a single plan and $375 for a family plan. Opportunity to opt-out of medical, thus receiving $100 extra a month into your paycheck. The company will pay 50% of your childcare each week. You have 10 personal days plus 2 weeks' vacation a year. The job is remote 2 days a week. Possibility of 100% remote after 2 years. The company has a 401K with an employer matching up to 5% of your base salary. The job is located 9 miles from your house.

Reference no: EM133646520

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