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When you accept a job offer or negotiate a raise, keep in mind that there’s more to a salary than just money. There are a few benefits that are worth the same, if not more than a flat dollar amount. Different benefits are important to different people, so it’s important to understand what will be the most beneficial for you.
Flexible work schedule
A flexible work schedule is one of the most desired workplace reforms. It’s not just Millennials who are looking for flexible work options, though they do lead the change in asking for them. A flexible work schedule can actually be more beneficial than a salary increase in many cases. If you have children, a flexible schedule can end up saving thousands of dollars in child care expenses. It can also be beneficial to mental health, allowing for time to exercise, cook meals at home, or see a therapist.
When asking for a flexible work schedule, be clear in what type of flexibility you’re asking for. Would you prefer to work from home on certain days or have non-traditional hours like being able to come in and leave early? The more specific you can be in your ask, the more likely it will be considered and approved. If those ideas are met with resistance, suggest a trial period of four to six weeks.
Healthcare is another often overlooked benefit. Beyond basic coverage, healthcare costs than can be covered are gym memberships, wellness programs, therapy, and nutrition. Some companies have workplace wellness programs that incentivize healthy habits such as quitting smoking or exercising regularly, that offer a way to reduce premiums.
Professional development is invaluable, both for you and your employer. Some companies will offer tuition reimbursement or cover the cost of business certifications, seminars, and workshops. These benefits usually come with some kind of stipulation from the company like requiring you to work for the company for a minimum time period or being required to pay back the costs if you leave within less than a year. Be aware of the requirements and/or
The costs of commuting to work, whether by car or by public transit, can really add up. For drivers, companies are usually amenable to reimbursing the cost of gas, tolls, and parking. Monthly transit passes and parking garage fees are commonly reimbursed for public transit commuters. If an employer isn’t willing to pay 100% of your transit costs, ask for 50%.
If you had three weeks of paid vacation at your previous job and the new job only offers two weeks, you could ask for the new company to match your previous time off. As a general rule of thumb, the higher level the position, the more likely a request for additional vacation time will be approved. Vacation time is one of the more difficult benefits to negotiate, but it’s still worth asking for.
None of these benefits are mutually exclusive – you can ask for one or for all of these perks. You can also ask for them in addition to a salary increase. However, you must be smart with what you’re asking for, as you don’t want to come across as greedy or demanding. Ask for what is the most important to you, and remember that if you don’t get everything you want now, you can always ask for it again later.
April 30, 2019 at 12:16AM
Forbes – Entrepreneurs