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3.02Personal Finance

Researching Job/Career Options

TermDefinition
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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