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With your table groups, you are going to list 10 of the most common interview questions you believe exist. Then you will talk in your groups about how you would individually answer those questions. What was most difficult about this activity?. Interviews. Top Common Interview Questions.
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With your table groups, you are going to list 10 of the most common interview questions you believe exist. Then you will talk in your groups about how you would individually answer those questions. What was most difficult about this activity? Interviews
12x12x12 Theory • During the interview your employer judges you 12 feet away (your appearance and posture), 12 inches away (grooming and neatness), and the first 12 words that come out of your mouth (diction and word choice).
How do you become qualified for jobs? Human capital Transferable skills Invest in yourself
Job Description Job duties/ responsibilities Job Description Is the job right for you? Schedule Environment
What is human capital? Human capital - the skills, knowledge, and experiences possessed by an individual How can a person invest in their human capital?
What are transferable skills? Transferable skills- versatile skills that are applied to personal and professional roles Organization Creativity Cooperation Listening
Deal or No Deal? Meet Mia Should Mia accept the new job or stay in her current job? More information is needed!
Consider all aspects of a job to find ajob that contributes to your well-being Choose a briefcase to learn more: Job Description Employee Benefits Wages Location Once each briefcase has been explored, learn more about Mia’s jobs to help her make a decision. Mia: Deal or No Deal?
Cost of Living • Cost of living – includes housing, food, transportation, and other everyday expenses. • Rural communities often have a lower cost of living than urban communities. • Index form – rates communities on a scale of 100.0 and gives an average cost community a rating of 100.0. • A lower index means a lower cost of living. • A higher index means a higher cost of living.
Comparing Job Offers Base Salary Dollar amount a person will receive in his/her monthly paycheck before taxes. Based upon supply and demand • Fringe Benefits • Paid sick time • Holidays and vacation time • Bonuses • Health and life insurance • Workman’s compensation • Retirement contributions • Opportunity for Advancement & Other Work Incentives • Raised based on performance • Guaranteed pay raise based on longevity Additional perks Relocation allowances Company car Repayment of education loans Stock options Gym mem-ship Flexible hours Merchandise discounts Child care Telecommuting • Location and Environment • Commute time • Affordable housing • Low crime rate • Good schools • Desired climate
Employee Benefits Employee Benefits
Examples Do you have a job with employee benefits? Back
Which is the better deal? • Job Offer 1 • $35,000.00 in Reno, NV • Job Offer 2 • $40,000.00 in Anchorage, AK • Not enough information to decide Which option is best?
Cost of Living Index of City 2 Salary in city 1 x Cost of Living Index of City 1 = Equivalent Salary in city 2 Cost of Living Equation • Round dollar amounts to two decimal places
Cost of Living Equation • In order to compare the cost of living in two cities always follow these three steps: • Step 1: Assign each cities numbers. One city will be assigned the number one and the other the number two. • Step 2: Provide the corresponding salaries and index amounts. • Step 3: Complete the math and indicate which city is a better offer and why.
Example #1: Sara’s Job Offers • Job Offer 1 – Reno, NV • $35,000.00 salary • 105.1 cost of living index • Job Offer 2 – Anchorage, AK • $40,000.00 salary • 123.1 cost of living index
Sara’s Cost of Living Equations 123.1 $35,000.00 in Reno x = Equivalent Salary in Anchorage 105.1 Option 1 or Option 2 105.1 $40,000.00 in Anchorage x = Equivalent Salary in Reno 123.1
Sara’s Cost of Living Equations $35,000.00 x 1.1712654 = $40,994.29 = Equivalent salary in Anchorage Option 1 or Option 2 $40,000.00 x .8537774 = $34,151.35 = Equivalent salary in Reno
Sara’s Job Outcome • A person earning $35,000.00 in Reno must earn $40,994.29 in Anchorage to have the same spending power. • Or • A person earning $40,000.00 in Anchorage must earn $34,151.35 in Reno to have the same spending power. • Therefore, the salary offer in Reno is better by $994.29 ($40,994.29 - $40,000.00).
Example #2: Joe’s Offers • Try on your own and then share your answer with your table groups. • Job Offer 1- Denver, CO • $24,000.00 salary • 102.9 cost of living index • Job Offer 2 - Seattle, WA • $32,000.00 salary • 148.2 cost of living index
Cost of Living Index of City 2 Salary in city 1 x Cost of Living Index of City 1 = Equivalent Salary in city 2 Cost of Living Equation • Round dollar amounts to two decimal places
Joe’s Cost of Living Equations 148.2 $24,000.00 in Denver x = Equivalent salary in Seattle 102.9 Option 1 or Option 2 102.9 $32,000.00 in Seattle x = Equivalent salary in Denver 148.2
Option 1 or Option 2 Joe’s Cost of Living Equations $24,000.00 x 1.4402332 = $34,565.60 = Equivalent salary in Seattle $32,000.00 x .6943319 = $22,218.62 = Equivalent salary in Denver
Joe’s Job Outcome • A person earning $24,000.00 in Denver must earn $34,565.60 in Seattle to have the same spending power. • Or • A person earning $32,000.00 in Seattle must earn $22,218.62 in Denver to have the same spending power. • Therefore, the salary offer in Denver is better by $2,565.60 ($34,565.60 - $32,000.00).
Joe’s Job including benefit package • Job offer 1 - Denver, CO • $24,000.00 salary + $4,500.00 benefits =$28,500.00 • 102.9 cost of living index • Job offer 2 - Seattle, WA • $32,000.00 salary +$6,000.00 benefits = $38,000.00 • 148.2 cost of living index
Cost of Living Assignment Homework…