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Considerations when Making Employment Decisions - Shared screen with speaker view
Amanda Catron (she/her)
16:10
https://gradadvance.graduateschool.ufl.edu/programs/workshop-series/
Amanda Catron (she/her)
16:45
The recording of this workshop, PPT, and transcript will be available on our Workshops webpage within 24 hours. You can access our workshop recordings here: https://gradadvance.graduateschool.ufl.edu/programs/workshop-series/
Amanda Catron (she/her)
17:09
End of Workshop Survey: https://ufl.qualtrics.com/jfe/form/SV_e3gaNjv6psl1QG2
Amanda Catron (she/her)
19:11
Please type your questions in the chat box!
Kimberly Ying
23:35
0
Kelsea LeBeau
23:39
We don’t have one
Kristen Bowers
23:40
0
Makayla Nicholas
23:45
none
Stephanie Cruz
25:18
So if you want the same standard of living you had in Florida, when you move to NC, you need a 10% increase in Salary? (based on the last slide)
Stephanie Cruz
25:48
oh okay! thank you!
Kimberly Ying
27:23
believe it just protects you from not losing your job for 6 weeks
Kaci Ellis
27:26
Secures your job so they can’t fire you
Kimberly Ying
27:27
no financial help
Sam Campion
27:29
federal protection
Kristen Bowers
27:31
you are usually entitiled to 12 weeks unpaid leave to care for family
Kimberly Ying
28:18
Why is the US so behind?? :(
Kristen Bowers
31:06
How might any of these issues differ for a short term position (like a post-doc) where you know you will only be there for 2-3 years?
Kristen Bowers
31:39
it does cover adoption
Kristen Bowers
32:04
but fmla does
Asean Davis
33:44
retirement ?
Kelsea LeBeau
33:45
I have no idea. i know it’s retirement
Kristen Bowers
34:09
you put $$ in and can withdraw when you retire
Kimberly Ying
34:18
is 401 for private and 403 for government employees?
Laurie Hoopaugh
34:21
Absolutely take advantage of their 401K, if you plan to be around a while.
Kristen Bowers
34:27
403 b is usually non profits or education 401 k is for businesses
Stephanie Cruz
34:40
Wouldn't it depend on your financial goals? Example, setting up your own roth IRA may be more beneficial than your employer's 401K, especially if you have a lot of short term jobs
Beth Slack
34:46
403B is a non-profit
Asean Davis
36:15
what does it mean when companies will match up to a percentage of income?
Erin Lin
36:15
what is the average employer contribution in higher ed? 401k plan
Kaci Ellis
36:31
pension
Asean Davis
36:32
403b
Kimberly Ying
36:33
403b
Shaimaa Elbalkiny
36:39
403b
Kimberly Ying
37:34
if you didn’t have that caveat would you have taken the pension?
Asean Davis
37:46
what does it mean when companies will match up to a percentage of income?
Lauren Kunselman
39:48
what does the employer gain from contributing to a 401k?
Kelsea LeBeau
39:52
What if you have a 401k at one job but then 3-5 years down the road you switch jobs?
Kelsea LeBeau
40:26
Okay, gotcha
Kelsea LeBeau
40:51
So I bring my 401k account with me anywhere, but it’s up to the employer whether THEY will contribute
Stephanie Cruz
41:13
If you switch jobs, how can you transfer the money they matched you? For example, as a UF employee, they do put in 3% as you mentioned.
Laurie Hoopaugh
41:24
My husband and I have been with UF for almost the same amount of time. He has the pension & I have the 403b, but his value in his pension plan is 3-4 times the amount of mine and I've always made more. What can I do to increase my value? Or, do I just need to put more in the account?
Lauren Wong
41:52
Is there a cap on 401k/403b annual contribution amount and/or total account balance?
Talline Martins
43:03
it's 19500
Kimberly Ying
44:00
does the employer match exceed that 19,500? or is 19,500 the total per year?
Amanda Catron (she/her)
44:33
I've collected the rest of the above questions for later!
Talline Martins
45:13
Hi Kimberly, it's a bit complicated. https://benefits.hr.ufl.edu/retirement/limits/
Stephanie Cruz
46:25
thanks for the link, Talline!
Erin Lin
47:35
19500 refers to individual contribution
Kimberly Ying
48:36
thanks!
Kelsea LeBeau
49:34
Ron
Kimberly Ying
49:35
ron
Kristen Bowers
49:44
Ron
Kimberly Ying
53:19
I just started a Roth IRA yesterday! Put it off for way too long, but happy it’s done :)
Amanda Catron (she/her)
53:27
:)
Talline Martins
53:48
That's great, Kimberly!
Erin Lin
54:00
Kimberly, well done!
Talline Martins
55:32
https://benefits.hr.ufl.edu/retirement/voluntary/
Stephanie Cruz
55:41
But isn't a Roth IRA for retirement? or can it be used to save up for a house as opposed to retirement?
Laurie Hoopaugh
57:32
Would you be able to transfer the 457 to a 401k/ 403b without penalty?
Erin Lin
58:08
Roth IRA after 5 years, you can withdrawal.
Beth Slack
01:04:08
Is there something else other than a Roth IRA if you are not a student or a young employee?
Asean Davis
01:04:18
What is a health saving plan?
Makayla Nicholas
01:05:11
so when you are moving to a big city (and/or a new country), what are some of the things you should be looking for in the COLAs and relocation package? (outside of health care, retirement)
Anna Gioseffi
01:06:28
How can you negotiate a reasonable relocation package when finding a job in a new city?
Zakia Goodwin
01:09:35
Do you recommend taking a job sight unseen, can one insist on a site visit before relocation etc?
Tom McMorrow
01:10:35
Be careful about relocation money…. sometimes it is tied to a minimum time in the job or you are required to pay the money back!
Zakia Goodwin
01:11:24
good point
Kimberly Ying
01:12:32
how much to put away for children’s college fund?
Talline Martins
01:13:05
Please fill out super quick survey: https://ufl.qualtrics.com/jfe/form/SV_e3gaNjv6psl1QG2
Brittney Otero
01:13:11
There are calculators for that, I just had a baby and the suggestion was $1000/mo into a college plan until they turn 18
Stephanie Cruz
01:13:17
Asside from financials, what are some questions you can ask a potential employer about company culture?
Kimberly Ying
01:13:29
Thanks Brittney!
Kimberly Ying
01:13:37
and congrats :)
Brittney Otero
01:13:57
Thank you!
Asean Davis
01:14:54
Thank you!
Amanda Catron (she/her)
01:15:31
https://career.ufl.edu/
Erin Lin
01:15:32
That is me. elin@ufsa.ufl.edu
Winston Chu
01:15:33
One of the most useful seminars I have ever attended!
Laurie Hoopaugh
01:15:41
Thank you, Dr. Gillen!
Kelsea LeBeau
01:15:46
Is there someone at C3 who helps you review Job Offers/Contracts prior to accepting to see what to negotiate?
Amanda Catron (she/her)
01:15:49
Please respond to our short 8-question workshop evaluation to help us plan future programming!https://ufl.qualtrics.com/jfe/form/SV_e3gaNjv6psl1QG2
Erin Lin
01:15:49
Dr.Gillen, great session!
Kaci Ellis
01:16:17
Thank you so much!
Rebecca Kidwell
01:16:28
Thank you Dr. Gillen!
Amanda Catron (she/her)
01:16:36
The recording of this workshop, PPT, and transcript will be available on our Workshops webpage within 24 hours. You can access our workshop recordings here: https://gradadvance.graduateschool.ufl.edu/programs/workshop-series/
Yanlin Wang
01:16:54
Thank you very much!
Asean Davis
01:17:02
where will the recordings be posted?
Amanda Catron (she/her)
01:17:11
As soon as possible, within 24 hours for sure
Asean Davis
01:17:29
What site?
Talline Martins
01:17:55
workshop will be posted here: https://gradadvance.graduateschool.ufl.edu/programs/workshop-series/
Amanda Catron (she/her)
01:17:56
The recording of this workshop, PPT, and transcript will be available on our Workshops webpage within 24 hours. You can access our workshop recordings here: https://gradadvance.graduateschool.ufl.edu/programs/workshop-series/
Kimberly Ying
01:18:16
see what people say on glassdoor too maybe
Amanda Catron (she/her)
01:18:30
Yes! Glassdoor. Great resource, Kim!
Talline Martins
01:18:35
we also provide some resources on financial literacy here: https://gradadvance.graduateschool.ufl.edu/competencies/effectiveness-and-purpose/
Amanda Brinton
01:18:51
Speaking of future workshops I would love to attend one on negotiating with potential employers
Asean Davis
01:18:51
thanks
Talline Martins
01:19:01
Thanks, Amanda!
Kimberly Ying
01:19:04
tips on how to bring up that you will need parental leave?
Kimberly Ying
01:19:14
and when
Stephanie Cruz
01:19:43
Should you tell a potential employer that you plan to start a family one day or wait until you get the job?
Amanda Catron (she/her)
01:21:28
Here’s the link to our 2–3-minute anonymous workshop evaluation again: https://ufl.qualtrics.com/jfe/form/SV_e3gaNjv6psl1QG2