Human Resource Management Project
You will graduate from college soon and have been offered two jobs. Both jobs involve conducting financial research and both are a good fit for you. One job is with a major Wall Street investment firm located in San Francisco, California. The other job is for a large financial services firm in Atlanta, Georgia. The salary for the San Francisco job is $70,000 with a $5,000 starting bonus. The second job is at $55,000 with no starting bonus.
- Research the cost-of-living differences between these two cities and discuss what you learn.
- What factors are considered in determining cost-of-living differences?
- Given that both jobs are a good fit for you, which job should you take? Describe your decision process.
- As an employer, what should you do to address cost-of-living issues that limit the number of job candidates willing to sign on to work for you?
Good research sites for cost of living data include bankrate.com, bestplaces.net, and the Cost of Living Wizard at salary.com.