Copyright © Notice: The materials are copyrighted © and trademarked as the property of The Curriculum Center for Family and 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 Analyze factors in guiding development of long-term financial management plans. 3.3.4 Compare investment and savings alternatives. 3.3.5 Examine 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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