Jill’s company pays $5000 a year for her health care costs. This is an example of a ______.
What is the difference between a layoff and being fired?
A layoff is generally caused by poor economic conditions and is not a true reflection on the worker. Being fired is a more general action that can be caused by poor performance.
Why do companies commonly place new hires on probation?
It gives the company a chance to see if the employee is a good fit for their job without having to extend them benefits and other perks.
A pension plan helps pay for ______.
Would you take a job with a high salary and few benefits? Discuss the advantages and disadvantages.
Student answer may vary, but should discuss the reliability of the salary’s pay with the disadvantage of having to spend your money to accumulate benefits that might be offered at another job.
Describe the differences between a wage, a salary, and a commission.
A wage is a fixed, hourly rate of pay. A salary is a fixed, annual rate of pay, not dependant on hour worked. A commission is a rate of pay based on sales.
Which type of payment has the most consistent earnings?
If you are paid $42,000 per year, what is your type of payment?
Would you take a job with a high salary and few benefits? Discuss the advantages and disadvantages.
Why do companies commonly place new hires on probation?
Which type of payment has the most consistent earnings?
One of the advantages of salaried work is that your pay is consistent.
Layoffs are predictable.
Jill’s company pays $5000 a year for her health care costs. This is an example of a ______.
What is the difference between a layoff and being fired?
A pension plan helps pay for ______.
If you are paid $42,000 per year, what is your type of payment?
Describe the differences between a wage, a salary, and a commission.
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