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19 terms

Personal Finance 7086 3.02

Personal Finance 7086 Unit B 3.02 Job/Career Options
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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