Decoding job offers
Download
1 / 12

Decoding Job Offers - PowerPoint PPT Presentation


  • 190 Views
  • Uploaded on

Decoding Job Offers. Oliver Ambrosia Quang Nguyen Charuka Wijesekera Brook Yared. Scenario #1: High Salary. Recent Graduate of Cal Poly Pomona Age of Graduation: 23 Job: Mechanical Engineer Starting Salary: $75,000 Blue Shield PPO: No Deductible $175/month

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Decoding Job Offers' - lotus


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Decoding job offers l.jpg

Decoding Job Offers

Oliver Ambrosia

Quang Nguyen

Charuka Wijesekera

Brook Yared


Scenario 1 high salary l.jpg
Scenario #1: High Salary

  • Recent Graduate of Cal Poly Pomona

  • Age of Graduation: 23

  • Job: Mechanical Engineer

  • Starting Salary: $75,000

  • Blue Shield PPO:

    • No Deductible

    • $175/month

    • Term Life, Dental and Vision included


Scenario 2 lower salary w benefits l.jpg
Scenario #2: Lower Salary w/ Benefits

  • Recent Graduate of Cal Poly Pomona

  • Age of Graduation: 23

  • Job: Electrical Engineer

  • Starting Salary: $60,000

  • Benefit package:

    • Full Health, Dental, Vision - $14.97/month

    • 401K matching: 4% of salary (before taxes)


Common costs l.jpg
Common Costs

  • Annual retirement savings (8% of Scenario 1 salary)

  • Graduate School - $12,524 (Cal Poly Fees)

  • IEEE - $200 Annual Membership Dues

  • 3% Annual Inflation

  • 5% Annual Wage Increase

  • 10% Annual Health Care Cost Increase

  • Vacation: 23 Days years 1-5

    28 Days years 6-10








Conclusion l.jpg
Conclusion

Scenario 1 – High Salary without Benefits

Scenario 2 – Lower Salary with Full Benefits

  • Initial Comparison favors Scenario 2

  • Eliminating Grad School swings advantage to Scenario 1

  • Increased Savings Favors Scenario 2


References l.jpg
References

  • EHealthInsurance.com

  • Tetra Tech - New HR Practices

  • Aerospace Corporation - Employee Benefits

  • Motorola - Employee Benefits Package

  • Raytheon - Employee Benefits Package

  • Fluor - Employee Benefits Package