Salary negotiations aren’t simply about the dollar amount on your paycheck each month. Your benefits can also play a huge part in your post-job-offer negotiating. Once an offer is made, it’s almost never in your best interest to accept it right off the bat. Although there are real dangers of over-negotiating your salary and benefits, having a few requests probably won’t put your new employer over the edge.
If you’re wondering what you should bring up during your negotiation of benefits, you’re in luck. We created a short list that you can keep in mind when it comes time to asking for elements in your compensation package other than the digits on your paycheck.
According to Straighterline, a “Tuition Assistance Program is a program, generally run through an employer’s human resources department, where employees can take college courses paid for by that employer.”
If you’re still finishing up your degree or looking to further your education, you may be able to save yourself a lot of headaches, and dollars, by asking for some tuition assistance.
Say you’re taking on a new sales role where you’ll be using your personal phone to make a lot of calls. While some employers are turning to a BYOD (bring your own device) policy, you may be able to ask for a small amount of compensation for your time spend on your phone for your job. Dig in and see what your employer’s policy is, you may be able to keep a few dollars in your pocket come your next phone bill.
Whether you take the train, rent a lime bike, or drive into work, you might be able to ask for transportation reimbursement. You’ll need to do the math and make a logical argument to your boss before asking. And if you get a yes, definitely keep your receipts in case of any discrepancy. All in all, this could be a great way to save some cash at the end of the day.
Even if you’re not able to start your first day with a “better” title, you might be able to negotiate a new title once you pass your probationary period. Even if it seems nit-picky now, this could mean a world of difference to the next employer (should there be one) who looks at your resume.
Like any negotiation, asking for more vacation time will require some give-and-take. Why not ask your boss if they would be okay with adding an extra week to your vacation time if certain high-level goals are met during the year? That way, both of you get something out of your superior work ethic.
Work from home/remote
Even if you’re not able to negotiate on the dollar amount of your salary, you might be able to shave a little bit off the cost of your commute one or two days a week. If you’re able to prove that you’re an effective employee both in and out of the office during your probationary period, why not ask your boss for a more flexible schedule?
Unless you have a stay at home parent or you plan to have a “Bring your kids to work” day every day, you’re going to need to fork out a good amount of cash for some form of childcare. Many employers these days will offer to pay a portion of your childcare costs so be sure to ask!
What employer doesn’t want their employees to be continually growing and getting better at their jobs? Ask your employer to help you do just that and sponsor you to attend a workshop or conference. Of course, this will actually need to be relevant to your job (no free trips to Comicon here). But if you’re able to convince your boss that this would be good for you and the company as a whole, they shouldn’t have a problem with paying for some continuing education here and there.
Similar to educational opportunities, your goal here is simply to get better at your job and grow within your role. Your boss may be willing to set you up with a mentor with whom you can learn and meet regularly for feedback and instruction.
If you’re joining an early stage startup, owning a share of equity will most likely be a very real part of your compensation package. The amount of equity you have can directly affect the size of your paycheck. That being said, it’s important to do your research on the size of startup you’re joining and their funding, their business model, and the team you’ll be working with.
A severance package is what you can expect to receive if you’re let go from a job for no fault of your own. Having one defined in your contract is a good idea to make sure you and your employer are on the same page in case, for whatever reason, the job doesn’t work out down the line. Do your research on what a typical severance package looks like for someone in your position with similar years of experience.
Of course, negotiating each and every item on this list will probably send the message that you’re not exactly taking the job because you believe in the company mission. Again, be careful to not over negotiate your compensation, but do your best to make sure you’re being given what’s fair based on your experience and role at the company.
Got any questions about salary and benefits negotiations? Leave them in the comments below and the Scouted team will do our best to answer!