Personal Financial Management in a Transition 3. Job Search Objective elements and tying in your personal financial objectives Base you financial plans.

Slides:



Advertisements
Similar presentations
Salary Negotiation. AGENDA Goal of Salary Negotiation Preparation Calculating Your Worth The Offer Counter Offers Conclusion/Q&A.
Advertisements

© Family Economics & Financial Education – Revised May 2008 – Career Development Unit – Comparing Job Offers Funded by a grant from Take Charge America,
Wage administration in India Session-12. Govt. regulation of Compensation in India Minimum Wages Act, 1948 Payment of Wages Act, 1936 Wage boards Pay.
OBJECTIVES 6-1 LOOK FOR EMPLOYMENT
INCENTIVES & FRINGE BENEFITS. Variable Pay Or Pay For Performance Systems Here the pay is linked to individual, group or organisational performance. Employees.
BENEFITS AND OTHER COMPENSATION ISSUES
MGTO 231 Human Resources Management Compensation I Dr. Kin Fai Ellick WONG.
TRADITIONAL COMPENSATION SYSTEM  PAYMENT BASED ON TASKS  ASSUMES STABILITY OF EMPLOYMENT  REWARDS INDIVIDUAL CONTRIBUTIONS  PRIMARILY WAGES, SALARIES,
Employment Offer & Compensation. STCF CARE ministry 2009 Employment Offer Does the organization’s business or activity match your own interests and beliefs?
Slide Number 1 out of 14 Executive Pay: The Plan n Video n The What + When + Why of Executive Pay n Components of Executive Pay n The Take Home Message.
Compensation Part 2: Making individual compensation decisions OS652 HRM Fisher October 28, 2004.
Job Survey Results For MSW Graduates University of Michigan School of Social Work Office of Student Services.
Copyright © 2007 South-Western. All rights reserved. Chapter 11 Hiring, Training, and Evaluating Employees.
Agenda Introductions About Sibson Consulting Project Overview
JOB SUCCESS SKILLS SALARY NEGOTIATION. 2 PRE-TEST (True – False) 1.There are five (5) stages of employer thinking. 2.You should “talk” salary as early.
Personal Financial Management in a Transition 6. Decision Information Regarding Insurances Making insurance decisions and selecting the source and cost.
Buying a House Mortgages & Foreclosures. Your Dream House What does it look like? What does it look like? How many bedrooms/bathrooms? How many bedrooms/bathrooms?
EVALUATING JOB OFFERS Rosemarie Sena Center Career Development Services.
© Family Economics & Financial Education – Revised May 2008 – Career Development Unit – Comparing Job Offers Funded by a grant from Take Charge America,
Job Offer Evaluations So much more than salary! Presented by: Rhonda Richardson, Assistant Director Dana Tumbleston, Manager MUSC Human Resources Management.
CHAPTER 12 Incentive Plans and Executive Compensation
Compensation Strategies Not Having a Plan Could Break the Bank Presented by James C. Fox.
Team Four Robert Casper Jean Leedy Brian White. All employees of Max’s Restaurant will receive the following legally required benefits:  Social Security.
Turn In: Career Packet!! Due at the beginning of class!!
Human Resource Management Lecture 19 MGT 350. Last Lecture Costs of Providing Employee Benefits Legally Required Benefits Social Security Unemployment.
Financial Management Jonathan Banks. 1. Get Paid What You're Worth and Spend Less Than You Earn 1. Get Paid What You're Worth and Spend Less Than You.
SHOW ME THE MONEY Patricia A. Frame Strategies for Human COMPENSATION BASICS.
© Family Economics & Financial Education – Revised May 2008 – Career Development Unit – Comparing Job Offers Funded by a grant from Take Charge America,
CHAPTER 14 VARIABLE PAY AND EXECUTIVE COMPENSATION.
VARIABLE PAY AND EXECUTIVE COMPENSATION. Objectives Define variable pay and give examples of three types of variable pay Identify four guidelines for.
Comparing Job Offers Take Charge of Your Finances Family Economics and Financial Education.
Jayendra Rimal 1. Introduction 2 In the wake of financial scandals involving major companies like Enron and WorldCom (especially their inflated accounting)
COMPENSATION PLANS. PROBLEM AREAS ► Responsibility For Salary Decision ► What Other Employers Are Paying? ► Activity And Reward System ► Salary Determining.
Wage and Salary Administration
BA 2204 and BAS 324 Human Resource Management Benefits Instructor: Ça ğ rı Topal 1.
KSU FUTURES PROGRAM.  If you are not planning on college, here is a local program that might interest you.
Financial Plan Start here. Choose a college Find your College Place financial info on next page.
ENGINEERING PRESENTATIONS Title slide must include the type of engineer and each group member’s name. Click on “Insert” to add more slides.
JOB SUCCESS SKILLS SALARY NEGOTIATION. Objective At the conclusion of this lesson, the student will be able to determine the most effective method for.
Strategy for Human Resource Management Lecture 25 HRM 765.
Commute Benefits Provide More for Less: Tax Savings make a Difference $50 salary increase: $50 transit/vanpool benefit: Employer Cost $34 pays FICA (7.65%)
JOB CONSIDERATIONS LEARNING GOAL LEARNING GOAL: IDENTIFY HOW TO SELECT A JOB OFFER. 1.
Comparing Job Offers Take Charge of Your Finances Family Economics and Financial Education.
Chapter 2 Income, Benefits, and Taxes. Slide 2 What Are the Sources of Earned Income? 2-1 Earned Income and Benefits A wage is pay for each hour worked.
EMPLOYEE BENEFIT PACKAGE. HOW DO YOU DECIDE When you are presented with more than one job offer, how do you make your final decision? Consider this information.
Strategic Human resource Management compensation.
1 Chapter 6: Human Resources The Functions of Human Resources Management Looking for the Right Employee HR uses a variety of recruitment sources to hire.
Human Resouce Management Pertemuan 8 (Eighth Meeting) Matakuliah: J0562 / Management Tahun: 2010.
LESSONS ENTREPRENEURSHIP: Ideas in Action© SOUTH-WESTERN PUBLISHING Chapter 10 HIRE AND MANAGE A STAFF Hire Employees Create a Compensation.
Money Talk How much am I worth? Negotiating your salary Prepared by Virgil Smith©, Smith Edwards Group, LLC ™
Compensation and Benefits. Meaning of Compensation Compensation means what the employees receive in exchange for their work. It is the monetary plus non-
Graduate Survey Results East Central Region and State Results.
 Successful Marriages/Relationships require respect, compromise, and team work!  Combined Income ◦ “With greater power comes greater responsibility”
EARNED INCOME #1 WHERE DO PEOPLE RECEIVE MONEY?  Working  Investments  Government transfer payments.
Brought to you by Express Services, Inc DISCUSSION GUIDE.
Information for students about Professional Judgments & Base-Year Financial Information [Your school logo & contact information here] For more information.
Managing Compensation Chapter 10 MGT 3513 “The thermometer of success is merely the jealousy of the malcontents.” Salvador Dali.
Show Me the Money! Re-numeration and Pay Incentive Packages for Employees.
Section 2: The Federal Reserve System Essential Question: How do the actions of the Federal Reserve impact the economy?
5 th Grade Career Project Helpful Hints to Research.
EMPLOYEE BENEFIT PACKAGE. HOW DO YOU DECIDE When you are presented with more than one job offer, how do you make your final decision? Consider this information.
Building Market- Competitive Compensation Systems MGT 4543 Compensation Management Chapter 7.
Comparing Job Offers Financial Literacy. What Should Sara Do? Sara has just graduated from college with a degree in teaching and has been offered a $35,000.
HRIS( Human Resource Information System)
Lesson 2- Human Resource Management
هجرة الشباب الدولية والتنمية الفرص والتحديات
در تجزیه و تحلیل شغل باید به 3 سوال اساسی پاسخ دهیم Job analysis تعریف کارشکافی، مطالعه و ثبت جنبه های مشخص و اساسی هر یک از مشاغل عبارتست از مراحلی.
Employee Benefit Package
Components of International Compensation 1.Base salary 2.Foreign service inducement & hardship premium 3.Allowances:Housing, home leave, education, relocation,
Presentation transcript:

Personal Financial Management in a Transition 3. Job Search Objective elements and tying in your personal financial objectives Base you financial plans off of your central job search objective(s). The Four Elements of a Job Search Objective o Job o Location o Money o Priority of those three How the inter-play of those elements impact your Personal Financial Management during your transition

Inter-play & Impact The Money = the total compensation package: pay, benefits, and perquisites (perks) The Location o Cost of living in that area o Prevailing salaries in that area o What employers are paying for that job in that location The job o Type of job o Compensation ranges for that job Research options

Bank Rate calculator.aspx CNN Money Location: Comparing Costs of Living

Relocation Essentials col.aspx

Jobs & Money: Salary Research

Salary.com

Indeed.com/salary