20 Things You Can Negotiate Beyond Salary in Your Next Job Offer
Matthew Burzon, SHRM-SCP, LEED-AP, PMP Author and Founder, The Source and Recruit Company
When job hunting, it's easy to get fixated on salary. But remember, the total compensation package includes much more. In a market where companies might not always offer top dollar, knowing your worth, knowing the market, and exploring what else you may be able to negotiate is crucial. Let's dive into 20 things to consider beyond salary to ensure your job offer reflects your true market value.
1. Signing Bonus: A Welcome Gesture
A signing bonus can be a great way to balance a lower starting salary. It helps cover any initial expenses, setting you up for success from day one.
2. Flexible Working Hours: Your Time, Your Rules
Flexibility in working hours is about creating a work-life balance that suits you. It's especially valuable if you're juggling family commitments or personal projects.
3. Remote Work Options: Freedom and Flexibility
With remote work, the world is your office. Negotiate the ability to work from home or any location. It's not just convenient; it often leads to increased productivity.
4. Paid Time Off (PTO): More Than Just a Vacation
Extra vacation days or personal time off are essential for recharging and personal pursuits. Negotiating PTO is about valuing your well-being.
5. Health Insurance Benefits: Your Health, Your Priority
Good health insurance is priceless. Look for plans with comprehensive coverage, low deductibles, and substantial employer contributions.
6. Retirement Benefits: Planning Ahead
A solid retirement plan is a long-term investment in your future. Negotiate for better employer contributions or matching.
7. Professional Development: Grow Your Skills
Continuous learning keeps you competitive. Negotiate for opportunities like workshops, courses, or conferences funded by your employer.
8. Tuition Reimbursement: Keep Learning
If further education is in your sights, tuition reimbursement can be a game-changer. It's an investment in your future expertise and capabilities.
9. Relocation Assistance: A Smooth Move
Moving for a job? Negotiate for relocation assistance to ease the financial burden and stress of a big move.
10. Stock Options or Equity: A Stake in Success
Having a share in the company can be highly rewarding, especially in a growing business. It aligns your success with the company's.
11. Performance Bonuses: Rewards for Excellence
Performance bonuses motivate and reward hard work. They can significantly boost your overall compensation package.
12. Job Title: More Than Just a Name
Your title can impact your future career trajectory. Negotiate a title that reflects your role and responsibilities.
13. Expense Account: Covering the Essentials
An expense account for travel, client meetings, or other job-related costs is not just convenient; it’s respectful of your professional needs.
14. Company Car or Transportation Benefits: Ease Your Journey
A company car or transportation subsidies make commuting less of a hassle, saving you time and money.
15. Childcare Assistance: Support for Working Parents
Childcare assistance, whether through on-site facilities or subsidies, is a significant relief for working parents.
16. Gym Membership or Wellness Programs: Stay Healthy
Your health is vital. Negotiating gym memberships or wellness programs shows a commitment to your overall well-being.
17. Paid Parental Leave: Valuable Family Time
In today's world, generous parental leave is a must for new parents. It's about supporting your family at life's most crucial moments.
18. Work Equipment or Home Office Setup: Be Your Best
Having the right tools and a comfortable home office setup can vastly improve your work efficiency and comfort.
19. Employee Discounts: Enjoy the Perks
Employee discounts on products or services add a nice touch to your benefits package, offering savings on things you love.
20. Early Review for Salary Increase: Fast-Track Your Earnings
An early salary review can lead to quicker financial growth, making up for a lower starting salary.
Conclusion
Negotiating your job offer is about understanding and advocating for your worth. Beyond salary, these 20 points can make a significant difference in your overall job satisfaction and quality of life, and can help make up for a less than “market-rate” offer. As you prepare for your next job negotiation, remember: you have the power to shape your job offer to meet your needs and reflect your true market value.
Ready to discover what you're worth?
The Source and Recruit Company is committed to helping you understand your market value. Get a personalized salary report from us today and confidently step into your next job negotiation.
