Three money matters that you should seriously consider before signing that job offer
Let us be very honest here — we all work to earn the money that we use to sustain our lives and fund the things that we like to do. Yes, some of us are passionate about the tasks that we have. Some even feel that they are born to do the things that they do. But at the end of the day, it’s the monetary rewards that make it possible for us to live and stay focused at work.
Given this, it is not at all surprising why pay is among the most important concerns when someone applies for a job in any company. But like any other thing, not all aspects of pay are created equal. There are elements that are just more important than others. In this article, we are going to present three of the most important aspects of a compensation package.
The practicality of the base pay
Let’s face it, companies do not pay the same amount even for a job of the same nature. There are companies that pay more than others, especially if they are already established and have been in business for quite a long time.
When you get offered a job, do an honest assessment of how practical the base pay is. Will it help you afford the lifestyle that you are used to? Will it force you to make a lot of adjustments? If it makes you adjust, are the adjustments that you have to do tolerable for you? No one wants to work in a substantially monitored payroll environment just to get an unsatisfactory pay.
Remember this, don’t ever lower your price just so you get accepted. Doing this will just lead to you being frustrated and dissatisfied with your job.
Proper insurance setups
Aside from the base pay, all American employees are entitled to social security contributions and workers compensation benefits. Before you say yes to a company, you have to make sure that these things are properly set up. While these are mandatory in most–if not all–states, there are companies that still need to be reminded of their responsibilities.
These things need to be in place because they are designed to help the employees like you in times of need such as when you get involved in work-related accidents. You can read more about worker’s compensation requirements and other relevant information on a lot of websites.
Non-monetary compensation
Companies today acknowledge that their people comprise the backbone of their businesses. Because of this, many of them have employee engagement programs that reward workers with non-monetary compensation such as gym membership reimbursements, overseas travel, and other similar offers. Before you say yes to these things, make sure that you are actually able to take advantage of them, especially that most of these perks are not convertible to cash. You will be at the losing end of the deal if you can’t take full advantage of these offers.
Getting the pay that you can live with is a must if you are to experience a healthy level of satisfaction in your job. Because of this, there really is a need to closely examine how much you’re really getting.
