Personal Finance 7086 3.02

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Personal Finance 7086 Unit B 3.02 Job/Career Options

job

A work opportunity or position to earn wages; may be short-term

career

A long-term series of work experiences in a particular field

Bureau of Labor Statistics Occupational Outlook Handbook

A leading resource with comprehensive information about occupations

Educational requirements

Education, training, and or instruction received to qualify for the position

Working conditions

Exsiting conditions of the workplace where job will be carried out

Occupational outlook

Factors that influence future job/career opportunities

base salary

The dollar amount a person receives in a salary per pay period before deductions

fringe benefits

Employee benefits and additional compensation beyond wage/salary. May include paid sick leave, holidays, vacation time, bonuses, insurance, and retirement and investment programs

paid sick leave

Paid leave from work granted because of illness.

holidays

A paid day fixed by law or custom on which ordinary business is suspended in commemoration of some event

vacation time

Paid days away from work for a period of time usually used for rest, recreation, travel or holiday:

bonus

Extra pay beyond a stipulated base salary

insurance

health, dental, life, and disability

retirement

A pension or other income on which a retired person lives

investment programs

Opportunities to invest of money or capital in order to gain profitable returns, as interest, income, or appreciation in value

employer-provided services

Child and elder care, flexible hours, gym memberships, discounts and home offices

additional job "perks"

Stock options, company car, relocation expenses, and tuition

cost of living

Food, transportation, housing, clothing, and other everyday expenses

cost of living index

A rating of communities on a scale where 100.0 is the average cost of living, an index below 100.0 is a lower cost of living, and an index above 100.0 is a higher

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