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 so think big total 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