Benefits
 
For most recent college graduates, salary, opportunity for advancement, and job satisfaction are three of the most important aspects when choosing a career.  Benefits packages are also another one of the top deciding factors.  Traditionally benefits packages have centered around vacation time, sick leave, pension and retirement but in recent years, items such as health care, childcare, training and stock options have increasingly become the focus.  The following chart compares components of a benefits package for science graduates entering teaching positions and industry positions.
 
 
 
 
Science Teachers
Entry-Level Industry Positions
Vacation time
  • Paid Summer Vacation (typically 3 months)
  • Usully no other paid vacation time available
  • Typically 2-3 weeks paid vacation
  • Paid holidays
Sick Leave
  • Variable
  • Approximately 5 days
Pension & Retirement
  • Normally pension plans only but some offer retirement too
  • Comprehensive retirement plans
Health Care
  • Comprehensive plans that also include dental and eye care; sometimes other services
  • Comprehensive and flexible plans including dental, eye care and other services
  • Benefit compensation occasionally increases with employee rank and skill
  • Some plans tailored to fit the particular needs of the employee
Childcare
  • Typically not available
  • Sometimes offered on-site in a private company center
  • Benefits allotted in a set amount
  • Coupons or discounts at licensed centers
Paid Training & Further Education
  • Usually not available
  • Funding for further skill development available
  • In-house training programs
  • Tuition re-embursement for graduate study
Stock Options
  • Not available
  • Typically offered to foster concept of company accountability
Other
  • None
  • Possible company car
  • Typically an expense account in upper level management
  • Possibility of paid company travel
  • Holiday bonuses
 
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        copyright 1998 University of Delaware - Chem 465 Senior Seminar