How to Weigh Job Benefits

How to Weigh Job Benefits

Assessment

Interactive Video

Life Skills, Business

11th Grade - University

Hard

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The video explores the complexity of modern job benefits, comparing them to ice cream toppings. It delves into the psychology behind employee benefits, referencing Maslow's hierarchy of needs, and traces the history of retirement plans in the US. The impact of tax incentives on the evolution of benefits is discussed, followed by a detailed analysis of how to calculate total compensation from job offers. Two job offers are compared, highlighting the importance of considering both monetary and non-monetary benefits. The video concludes by emphasizing the significance of non-monetary benefits and the need to evaluate job offers holistically.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main comparison made in the introduction regarding job selection?

Deciding on a car model

Picking an ice cream flavor

Selecting a college major

Choosing a vacation destination

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Maslow's hierarchy of needs, what is one of the key drivers for employee benefit plans?

Social status

Basic human psychology

Cultural trends

Technological advancement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the first private sector defined benefit plan in the US?

Standard Oil

Ford Motor Company

American Express Railroad Company

General Electric

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the 16th Amendment influence employee benefits?

It required stock options

It introduced health insurance

It allowed tax deductions for pension contributions

It mandated paid vacation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the example of Taylor's job offers, what is the base salary offered by We Like Bikes?

$80,000

$70,000

$60,000

$50,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential downside of the job offer from Educatopia?

No paid vacation

No stock options

No health insurance

No 401(k) match

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a critical factor to consider beyond salary when choosing a job?

Commute time

Office decor

Direct manager and growth opportunities

Company location