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3.02Personal Finance
Researching Job/Career Options
| Term | Definition |
|---|---|
| job | A work opportunity or position to earn wages; may be short-term |
| career | A long-term series of work experience in 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 or the position |
| Working Conditions | Existing conditions of the workplace where job will be carried out |
| Occupational outlook | Factors that influence future job/career opportunites |
| 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/sage. May included paid sick leave, holidays, vacation time, bonuses, insurance, and retirement an investment programs |
| paid sick leave | Paid leave from work granted because of illness |
| hoildays | 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, lie, and disability |
| rtirement | 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 vaule |
| 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 tution |
| 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 lower cost of living, and an index above 100.0 is higher cost of living |
Created by:
clemonan
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