1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What benefits would you like to have even though they are not musts?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A. Write a document with the following information:

1. What do you expect your job to pay when you start?

2. What benefits are musts for you?

3. What benefits would you like to have even though they are not musts?

4. Include the graph you generate in step B below.  

 

B. Create a spreadsheet and a graph of life vs funds

­For each year of your remaining life specify the amount you plan to save/invest/withdraw that year and how much you expect that amount  to increase during the year (base on actual data – typical savings interest rate, typical stock market interest rate, typical CDs, typical…). Calculate how much your funds will increase/decrease over your life and create a life (x-axis) vs funds (y-axis) plot.

Expert Solution
Step 1

A)

1. As we just start our job we expect pay just like a fresher. The pay of any organisation is based on the past experience of a person. Pay has many factors like what course one has done in past, what experience one hold in past, skills, knowledge and other factors....

 

 

2. The must haves for me would be-

  • job security
  • good work culture
  • motivations
  • work life balance
  • competence
  • autonomy
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