EMPLOYEE BENEFIT

PACKAGE

HOW DO YOU DECIDE

When you are presented with more than one job offer, how do you make your final decision? Consider this information when deciding

•Indirect vs Direct Compensation

•Base Pay

•Merit Pay

•Incentive Pay

•Deferred Pay

INDIRECT COMPENSATIONPay for Time Not

Worked• Vacations• Holidays• Sick Leave• Jury Duty

Protection Programs

• Medical Insurance• Life Insurance• Disability Income• Pension• Social Security

Services and Perquisites

•Recreational facilities•Car•Financial planning•Low-cost or free meals

DIRECT COMPENSATION

BASE PAY

•Salary based on an annual amount regardless of hours worked

•Wage based on an hourly set amount

DIRECT COMPENSATIONMERIT PAY

• Paid for something special you do

DEFERRED PAY

•Savings plan

•Stock purchase

•Annuity

INCENTIVE PAY

•Bonus

•Commission

• Piece rate

•Stock option

• Profit sharing

•Shift differential

EMPLOYEE + CHILD ONLY

Family CoverageFamily Coverage

WHEN DEDUCTIONS ARE MADEPRE TAX—Deductions are made prior to paying taxes

• Examples: Medical, Dental And Vision Insurance, Life Insurance, Flexible Spending

POST TAX—Deductions are made after taxes have been deducted

• Examples: Life Insurance (above what is offered), Disability