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Salary

Updated 02/23/2017

   If you perform well through the interviews and are at
   least a qualified finalist in the competition, you will be
   asked about your Salary.  He who puts forth a dollar
   figure is generally not the winner.
 Below are articles to
   help you through this minefield of potential expensive
   mistakes.  Salary is the largest component of your total
   compensation, think the big picture, not just salary.

   Things to remember:
  • Salaries are budgeted items but are budgeted for a range
  • There are other things of value to you outside salary, which may include:
      - company 401(k) retirement plan
      - company contribution to your 401(k) retirement plan - 6% or higher is great
                                                                                           - 2-4% more common

      - vacation time granted, how much and how soon; do they allow rollovers?
      - if you become ill, is that against the same hours as vacation or separate?
      - is there reimbursement if you use public transit to/from work and your home?
      - do they cover any parking fees to park at or near the office?
      - what is the medical insurance coverage and cost?  Could be a great deal.
      - Health Club discounts or partial reimbursement from your medical plan
      - what about dental, vision, hospitalization, prescriptions, etc.?
         NOTE: IF the company will not disclose costs to you until you accept, be careful
      - any special programs that involve company sponsored family events?
      - what special perks are offered within the office?
         Some offer dry cleaning pick-up/delivery, car washing, and other perks that
         may exist but you have to ask about them
      - Mental health - extra time off after periods of abnormally long days/weeks
      - Mental health just to help with any problems you may be encountering
      - Periodic company team outings; holiday dinners with spouse and team members
      - Service Anniversaries and how they are recognized
  • Awards and Recognitions for recognizing contributions above and beyond the call
  • Bonus programs in cash or other forms
  • Pet health program and prescription benefits
  • Short Term Disability programs, coverage, duration
  • Long Term Disability programs, coverage, duration
  • Travel Insurance - additional life insurance when traveling for the company
  • Retention of Frequent Guests or Flyer Program Incentives
  • Use of company discounts at hotels, airlines, food and entertainment places and
    possibly company travel agency
  • Company Car or ability to rent for company out-of-town travel needs
  • Issue you a company credit card for business expenses
  • Travel and/or Trip insurance for business or personal trips
  • Education Reimbursement for approved courses benefiting your work
  • Education Funds for dependents of employees for post-High School education
  • Tax Roll-ups on any benefits, perks or awards you earn
  • Pay for any safety items for your role: industrial safety shoes, ear protection, etc.
  • Many other possibilities
  • Just know when to stop asking before you're seen as greedy and not a fit for them




  ARTICLES 


   3 Tips For Negotiating Higher Pay  |  Linkedin, J.T. O'Donnell                                                                 09/28/2016
     
Have you ever received a job offer and thought, "I wish the starting pay was
    higher"? At a time when getting the offer should be cause enough for celebration,
    you might assume negotiating for more pay is taboo. Not true! Here's one reason
    why you should:


   Get the Pay Package You Deserve: 5 Critical Tips for Success
  |  Janice Waterman        03/15/2017
    Requesting a better compensation package is fraught with risk. Before you
    make the ask, read this!Here’s how to get what you’re worth without changing
    companies, According to the gatekeepers℠  
Requesting a better or higher
    compensation package is tricky and fraught with risk. The underlying (but
    unspoken) message when you request a raise is that you haven’t been paid
    what you’re worth—and the person you report to hasn’t noticed. Some bosses
    may be offended by the request, or feel uncomfortable when they’re not in
    control. There are lots of reasons why a request for more money can go wrong.
 
 
 
   How to Skillfully Answer 'What Is Your Desired Salary?' in a Job Interview
                                                                    |  Inc., Quora                                                                          04/05/2017
     In an interview, how do you answer "What is your desired salary?" without either
    seeming too cheap to be happy or too expensive to get the job? You should not
    answer this question. I'll give you a scenario that is likely to happen.

 
 
   Recruiters Don't Need Your Salary History and Here's Why  |  LinkedIn, Liz Ryan             02/23/2017
    It is 2017 -- high time to tell the truth about a topic that affects job-seekers
    almost everywhere. A recruiter doesn't need to know what you're earning now
    or what you earned at any past job. Anyone who deserves the title "Recruiter"
    should be able to look at your resume or LinkedIn profile, ask you a few questions
    and tell you what your background is worth. That is an essential skill set for anyone
    in the recruiting field.

    Your Salary Does NOT Define You  |  Linkedin, Russell Thompson                                                          04/19/2017
    This is going to be one of those blogs where you might think that I have my head in the
    clouds. Believe me, I have had enough tough times in life to understand the value of a
    roof over my head and food on the table, but as long as the basics (plus a little extra!)
    are covered, there is much more to life than a big fat bank balance.