What’s a Good Job? A guide to selecting, preparing for, evaluating, and landing one.

What are my choices after high school? Work force Military Technical College University –Public –Private –Specialized Other

What are some factors that determine the quality of a job? Pay Health Insurance Dental Insurance Vision Insurance Paid Vacation 401 K Sick Days Emergency Days Personal Days Location Hours Type of work Work environment Advancement Chances Paid Training Enjoyable Work

How are workers usually paid? Hourly wage (possibility of overtime) Annual Salary Commission Piece work Other (combinations)

Hourly Wage Advantages –Possibility of OT (1 1/2) Disadvantages –Inconsistent income

Annual Salary Advantages –Consistent Income –Same pay regardless of hours worked Disadvantages –No possibility of OT –Same pay regardless of hours worked

Commission/Piece Work Advantages –High income potential –Rewards for good performance Disadvantages –Inconsistent income –Poor performance /Low pay.

How much pay is enough? $5.15/hour = $___________ year $8.00/hour = $___________ year $10.00/hour = $___________ year $12.00/hour = $___________ year $15.00/hour = $___________ year $20.00/hour = $___________ year $25.00/hour = $___________ year In order to be happy, I need to make $________ per year.

Hourly Wage/Annual Salary Wage X 40 hours/week = weekly wage Weekly wage x 50 weeks = yearly wage

How much pay is enough? Water Car Insurance Rent/Mortgage Insurance Toys Clothing Furniture Spending Money Gas Medical/Medicine Rent/Mortgage Car Payment Groceries Phone Taxes (15-35%) FICA Retirement Heat Electricity Household supplies

Now how much is enough? –Total Monthly Costs –Required Monthly Income –Wage/Salary Required

What about other benefits? –Medical Benefits –Dental Benefits –401 K –Sick, Personal, Emergency Days –Others In a good job, you benefits account for 33% of your overall compensation?

Let’s compare! –Average earnings w/ high school diploma = $_________________ –Average earnings w/ an associates degree = $__________ –Average earnings w/ a bachelor’s degree = $__________________

How much does an education cost? –Associates Degree –Bachelor’s Degree

How much does not pursuing an education cost? –Lifetime Earnings –Retirement Earnings –Social Security Earnings –Interest Earnings

What choice will you make? –The type of job I hope to have will include__________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________

What choice will you make? –The type of job I hope to have will require__________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________ ________________________________