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Consumer Sciences, Texas Tech University
Personal Money Management
Course:
Career Preparation I
Grade Level:
11-12
Career Preparation II
Grade Level:
12
Topic:
Understanding benefits
Career Preparation I TEKS Addressed:
(9) The student identifies skills and attributes necessary for professional advancement. The
student is expected to:
(A) evaluate and compare employment options, including salaries and benefits.
Career Preparation II TEKS Addressed:
(10) The student identifies skills and characteristics necessary for professional
advancement. The student is expected to:
(A) evaluate and compare employment advancement options, such as salaries,
benefits, and prerequisites.
FCS National Standards Addressed:
3.3.4 Compare investment and savings alternatives.
3.3.5 Analyze the effects of risk management strategies on long-term financial planning.
Key Word Instructional Strategies
Materials
Links
Core Course Correlation
compensation
1) CLASS DISCUSSION
Objective: The student will discuss methods of compensation.
Explain to students that compensation is payment for work
done. It includes money plus any benefits received in exchange
for work. Workers are compensated by various methods. A
business typically pays employees different amounts,
depending on their experience and responsibilities.
Lead students to brainstorm different ways that individuals can
be compensated for work. Ask a student volunteer to record
responses on the board or overhead display. Show the
PowerPoint slides Types of Compensation. As a class
compare student responses to the information on the slides.
Lead students to discuss each type of compensation. For each
type, have students identify jobs that may pay their employees
using that type of compensation.
Questions for Discussion:
What are the advantages and disadvantages of each type
of compensation?

Which type of compensation would you like to receive?
Why?
Types of
Compensation
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