When looking for a job, the Marketing Principle 4 P's can very well relate to the process. For example, the first P, Product, is the person looking for the job.
The second P on the list is Place. Place is this case would be the location of the job I will be working at. Is it in walking distance of my place of residence? Maybe not walking distance but can I talk public transportation, or will I have to drive. If I do have to drive, is it in a reasonable distance for me to commute there in regards to traffic and distance, etc... If the job is too far for me to drive to, would it be worth it to me to move closer, that all depends on the opportunity cost pros and cons.
The third P on the list is Promotion. Promotion comes into play when dealing with the advertising of the company itself. Is this a good company, are there a lot of customers? Is it a start-up company; and if so, will I be laid off if the company goes bad. Is there a chance of the company going bad, or does it have a good chance of being good. When hired, am I given stock options for when the company if the company does go public? As long as all of these look good, then the company seems like a sure bet, and you will get paid on time and keep your job and hopefully advance up the ladder of management.
The last P on the list is Price. Price has to do with your weekly or bi weekly paycheck, and that alone. Is the pay enough for me when considering all my expenses. Rent, food, entertainment, loans, the distance of transportation, and of course saving. Depending if it is your first job or not, that changes everything. If it is your first job right out of college, you cannot really expect to meet all of these requirements as you are lacking a huge factor, that being experience. You must assume that getting the experience in the long run helps you greatly. The last thing you have to put into play is benefits. Say your goal was to make $45,000 per year, but you are only making $38,000 per year; but you have an awesome full benefits plan. If you were making $45,000 a year with no benefits, overall you would be making probably equal to if not less than $38,000 depending on your situation.
Do you agree that considering a benefits plan is a huge factor when thinking about price, especially in todays time with the economic depression and many jobs are cutting benefit plans out of salaries because they can get away with it? Do you think morally and ethically that is fair of them, because they can get away with it?
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Kyle McBrien- i am going to comment on this.
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