Question

2. This job involves filling out and filing paperwork. The entry-level pay is low, but there are many opportunities within the company. The employer tells you that the company prefers to "promote from within," or fill vacant jobs by promoting people who already work at the company. The building is a short bus ride, bike ride, or walk from where you live. The people at the office are friendly and helpful, and the whole office has a casual atmosphere.
a. What are the benefits of taking this job?
b. What are some of the monetary costs involved in taking this job?
c. What are some of the non-monetary costs involved in taking this job?
d. What are the opportunity costs of taking this job?
e. Do the benefits outweigh the costs?

Answer 1

Help @Vocaloid

Answer 2

@JustSaiyan

Answer 3

@Mal87

Answer 4

@Ultrilliam

Answer 5

I'm not sure about this... @Angle This really isn't my strong suite as I really haven't had much job experience

Answer 6

Ok thank for trying

Answer 7

@Shadow

Answer 8

@AngeI @AnimeGhoul8863

Answer 9

@KylieAurealis

Answer 10

can you help me?

Answer 11

Please note that I'm phrasing this as if I were talking to you about this job, I am not really answering your questions as if this were a class and a perfect world. For something you want to hand in to be graded, you should write it yourself, I'm just giving you my opinions.

a. What are the benefits of taking this job?
As already stated by the prompt:
- "many opportunities within the company" means that there are multiple spots, which means that you are likely to get the job
- "company prefers to promote from within" means that you are likely to easily get a promotion after less than a year of working there
- "a short bus ride, bike ride, or walk" means less time needed to get there. means the possibility of NOT having a car = no gas money, no car insurance money, no car, etc
- coworkers are friendly and office is casual atmosphere; less stress = longer live (in my opinion)

b. What are some of the monetary costs involved in taking this job?
Monetary = relating to money
If you decide to take the bus to work, it would cost you money to use public transportation. In the cities I've been around, the cost per bus ride seems to be $1-3. This adds up over time, because you want to get to and from work, which means $2-6 a day just to get to work.

c. What are some of the non-monetary costs involved in taking this job?
Non-monetary costs = costs not related to money
- Stress is a big factor. If the entry level pay is low, there is the possibility that you may have to live paycheck to paycheck. As in, stressing about rent/utilities money, stressing about money for food, perhaps even skipping meals just to make ends meet. If the pay is too low, it might not be worth taking the job.
- Suggesting that promotions would be easy could just be a marketing plot to get you to get the job, then never promote you. In that case, you could be stuck there, which would suck. Making it known that you want to be promoted also means the higher ups in the company would be watching your every move for mistakes = more stress.

d. What are the opportunity costs of taking this job?
From what I understand, many people do take lesser-paying jobs just so they can spend more time at home, or be in a less stressful environment. There are articles and studies suggesting that long commutes could end up shortening your overall lifespan (increased risk of car accidents, road rage, stress from traffic, etc). ^but this is going in the opposite direction of what the question is asking, I think What is lost by taking this job is the potential for better pay. To be able to live more comfortably with less stress in terms of amount of money you could have, is lost by taking this job. e. Do the benefits outweigh the costs? Personally, I would say that taking the job is up to you. If you have goals in life, if you are truly interested in making more money. Then I suggest looking for a different job. If you have a family you want to spend time with, you take this job. If you just want to make money without the stress of hating everyone you work with, this would be a good job to take. etc etc etc There are many factors to consider. However, for this question, they just want us to look at the pros and cons. You get to work in a casual and relaxed environment, not have to pay for car/gas money, have the added opportunity to get promoted soon after you accept the job. So yes, the benefits would outweigh the costs. Now, there are other things you should definitely ask when considering a job. (especially if you're in the United States). For example, do they offer Health Insurance? Do they have a 401k match (even entry level jobs should have some sort of this thing). Do they have any retirement packages (if you are planning on staying long enough to get the promotion they're telling you about, you can ask this). Personally, I don't have a "real" job :P I only work part time as a student. The things I have learned are from reading stuff online. For example, you can look at a reddit group called PersonalFinance. They often have people asking whether or not it would be worth it to go from a six figure job to a job paying $50000 just because it would be closer to their home. If you're confused, or confused by how I wrote something, feel free to ask.