1. Understanding Benefit Lingo Greater Atlanta Job Fair Candidate Seminar

2. What Are Benefits? An additional form of compensation offered by employers –Benefits vary greatly by employer A typical benefits generally includes –Health insurance –Vacation time –Retirement savings plan

3. Your Health Insurance Benefits Health Maintenance Organization (HMO) –Contracted medical care –Doctors, medical groups, and hospitals Preferred Provider Organization (PPO) –Contracted doctors and hospitals Provide service at a discounted rate –Provides more flexibility than HMO

4. Your Retirement Savings Plan 401(k) Plan Employees contribute % of salary –Money invested until retirement Mutual fund Other investment vehicle Pension Employers may make contributions to plan –Periodic payments to employee upon retirement

5. Got Stocks? Employee stock fund –Allows employees to purchase shares of company stocks –Preferred basis Employee Stock Purchase Plan –Portion of salary deducted –Purchase shares of discounted company stock