Sometimes, it feels like job searching is all about the salary. Sometimes, instead of pushing for more money, it’s more profitable to negotiate additions or upgrades in your overall compensation package. Don’t be blinded by how brightly the salary number shines. It’s not all about the money. Thinking about total compensation helps you tailor the offer to your unique needs.
Here are six benefits to consider in your current job or on your next job search:
Flextime.
Whether or not you live in a city, this option can be a real boost to your overall health and happiness. Check for policies or technologies the company uses to support this option. You still work full time, but the company provides flexibility on where and when those hours are performed. Teleworking can save you mileage, gas, metro expenses, and parking.
Paid Time Off.
Life is stressful. Whether you need hours to attend school events, feel rested, or take care of a sick family member, paid time off can be a game-changer in the work-life balance struggle we all have. You can find a great job that pays a high salary, but if you can’t take paid leave to see to family needs or get some down time, that money decreases in value.
Health Insurance.
Look over how many options the health plans provide and how much out of pocket expense you will have. You never know when medical issues will hit, and some plans really stick it to the employee. Some plans can cost thousands of dollars in co-pays and co-insurance, while others are a few hundred dollars for the same procedure.
Investments.
Maybe it still is a little about the money. This is a benefit that can be quite rewarding in the future. Companies that make it easy for you to save for retirement as well as invest in your future are not ones to overlook. Finding a company that matches your contributions can translate to a lot more money than just another 5K bump in your current salary.
Education.
Unless you did all of your education early on, this benefit can vary for you. Whether it’s graduate school, a three day training, or a certificate program, it’s a good deal for you when a company is willing to invest in your career and growth. Some companies don’t even have a cap on yearly education costs!
Bonuses.
While you don’t want to take a job based on earning potential (money promised, not guaranteed), there is some satisfaction that comes from earning more money based on performance. Performance bonuses can be tricky to administer, but can also be a real boost to performance and help you work harder. The bonus puts more money in your bank account and keeps your resume looking strong.
We spend a lot of time at work. If something is off in your current job, perhaps it’s time to either negotiate for more perks in your current compensation package or start looking for a company that not only pays a good salary but also helps you fight for work-life balance.
