What happens when you receive a job offer, but the compensation isn’t initially what you hoped for? Instead of turning down the offer, you might want to take a closer look at the company perks.
Just what is the definition of a company perk? For some, thoughts of an executive lunchroom, concierge level hotels during travel, and flights on the corporate jet might come to mind. For the rest of us however, a company perk might consist of something a little more down to Earth.
Traditionally, a company perk suggests an extra and added benefit or a special program that provides you more things than an average workplace. Some companies offer some cool stuff for their employees that just make working at the place extra special.
Check out these possible added benefits that could actually offset a lower salary offer:
• Before you joined this new company, you shelled out around $50/month on a gym membership. Now that the new company provides an on-site gym, you can pump more iron, while you pump more pennies into your savings account.
• Before you joined this new company, you drove 40 miles to work each way each day. Now that you’ve learned about the carpool program, you spend less time driving since others you work with share windshield time with you.
• Before your joined your new company, you worked at a place that had no investment programs available to Employees. Now you enjoy the opportunity to participate in the company’s stock purchase program.
• Before: You paid a huge amount of money on health insurance. After: You pay significantly less each paycheck to stay healthy since the health plan is much better.
• Before: You shopped ‘til you dropped and your paycheck dropped too. After: Your new company has significant discounts at a wide range of retailers that can save you money.
• Before: You worked physically at the office each and every day. After: You have the option to tele-commute, so you can get an honest day’s work done at your “Home” Office while avoiding the gas prices associated with driving.
• Before: You worked for a company that had no performance evaluations or merit pay. After: You receive added bonuses for top performance, each year you get a raise, and you’re on track to get promoted ahead of your peers.
• Before: You bought yourself a brand new car and looked forward to using it as your “Office on Wheels”. After: You learn you get a company car with this new career so you won’t put nearly as many miles on your shiny new ride as you thought!
• Before: You spent tons of cash on meals during your lunch break. After: Since the new company has a cafeteria (and the food is delicious!) you can eat well at a fair price – much less than what it costs outside the four walls of your cubicle.
I sincerely hope that as you look into a new career opportunity that may seem to fall short on compensation, you take the time to dig deeper into those things that could be classified as “Company Perks”.
Remember, Company Perks take on many forms and you owe it to yourself to explore the possibilities and make informed decisions based on the true impact of accepting a new position that may initially seem to pay you less.
What sort of “Company Perks” have you seen? How do you go about assessing ways to make up for lower compensation in a high potential career opportunity?
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