FINC 331 a) a) Chapter 5: The Time Value of Money read topics: a) The Time Value of Money b) Annuities, c) Perpetuities d) Future Value of Uneven Cash Flow, Actions for Money Calculators How many of us would like to accumulate a cool million dollars by the time we retire? Money doesnt buy happiness but it sure does pay the bills. Go to the CNNMoney.com web site and play with the Millionaire calculator. Enter your current savings, contribution, and average return and the result will indicate how long it will take for you to accumulate your first MILLION. What do you notice about your current savings habits? Are they satisfactory? What is your opinion of the savings rate for Americans in general? HRMN 395 Objectives: After completing this week, you should be able to: 1. Name the most typically offered non-monetary rewards. 2. Describe the core elements of the work experience relevant to the total rewards approach. 3. Explain governmental compliance issues affecting benefits and benefits administration. 4. Demonstrate knowledge of demographic and psychographic differences of employees preferences for non-monetary rewards and work experience. 5. Describe the role of non-monetary rewards and work experience in the broader total rewards approach to compensation management and how the elements strategic decisions are made. Read: Take the Self Assessment for Module 3. Go to the discussion questions and post initial answers and value added responses to classmates by Sunday 11:59 p.m. Discussions Of the perks you learned about in the readings for the week, which two were surprising to you? Select two from the various lists and share how you think offering the perks assist the organization in attracting, retaining and engaging their employees. You dont need to interact with another classmate. Select one benefit and compliance issue identified in Module 3 and share why you feel it is a potentially risky one of which all organizations need to be aware. Use a minimum of one reference and interact with at least two classmates.
