Benefits Packages - Salary is not the only thing! (Part II)
November 24, 2009
In addition to the standard benefit package items discussed in last week's blog posting, some companies offer more perks, which may include the following...
Flexible Scheduling Options - While you might not be able to take advantage of these plans right away, knowing that your employer offers flexible scheduling options such as a compressed work week or work from home options can add a lot to your work-life balance.
Tuition Reimbursement - Many employers now offer some form of tuition reimbursement to employees that are looking to gain advanced degrees in business related areas. So if you have always wanted to get your MBA, find out if your prospective employer will pay for it. Look out for the types of classes that are reimbursed, how tuition gets paid for and any restrictions on type of program, etc.
Dependent Care - It may not matter now, but find out if the employer offers childcare options on site or reimbursement for dependent care expenses including childcare and care for elderly or otherwise dependent relatives.
Legal Services - Some employers will offer free legal advice.
On-site Services - Large employers in particular have started to offer on-site services and amenities such as banking locations, dry-cleaning, post offices and even full-scale gyms to help their employees manage their lives. (Of course, this makes it easier for you to put in extra-long hours at work.)
Needless to say, there are an infinite number of benefits packages and each will vary somewhat from employer to employer; the basics, however, will remain quite consistent. Evaluate each package carefully and add in costs and benefits to your starting salary to get a true sense of the financial value of your offer(s).
"Find a job you like and you add five days to every week."
-H. Jackson Browne
Authored by Elisabeth Zimowski.