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Adulting 101: Making Benefits Work for You


by Bailey Ly

Adulting: a term you may have become familiar with that has to do with behaving in a manner resembling that of a responsible adult. Every college student needs to learn how to do it in order to live and succeed and yes, it’s very hard to figure out! Thankfully we have so many resources at your disposal, especially the amazing resources that the university provides. One of those resources includes the Center for Student Engagement series, Adulting 101. And luckily for you, it has moved to a virtual event! I watched the latest session on youtube, “Making Benefits Work for You” about the different kinds of benefits that jobs offer.

Benefits are anything that employers might offer that entice employees and potential employees. They can range from vacation time, pensions, or medical insurance. It’s a major component to understand before entering the job market and making informed decisions. There are four main categories that are mentioned: 

  • Perks
  • insurance
  • Retirement
  • Professional development

Perks are benefits like paid time off, sick time, bonuses, discounts for memberships. Insurance provides people with protection and it helps manage the risks. Retirement is something every employee dreams of but the planning ahead is the biggest part. Lastly, personal development is key for someone to succeed in current trends and skills. 

Here are some key things I learned from the event:

  • Salary is important but it’s not the only thing to consider 
  • Benefits make up 30% of your employee package
  • It’s important to think about your financial and life goals when thinking about benefit packages 
  • Try to think long term!
  • Make sure to understand the benefit before making any decisions. Ask questions! 

The information talked about in the video is so important for students to understand. It’s a great and easy lesson that every college student should watch. It’s helpful, thorough, and offers example scenarios! I believe this session was a great value and something that I didn’t know much about and definitely needed to know. 

Join in the next Adulting 101 event on April 14 titled Adulting 101: I Landed the Job, Now What?

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Bailey Ly is a sophomore majoring in public relations with a minor in business administration. She is the undergraduate public relations intern for Student Life  Communications. Bailey is also the marketing chair for Campus Events Board Arts and Culture. She loves cooking and learning about new cultures.

 

April 7, 2020