{"id":1526,"date":"2022-03-03T00:00:00","date_gmt":"2022-03-03T00:00:00","guid":{"rendered":"https:\/\/www.sfs-inc.net\/articles\/negotiating-for-workplace-benefits\/"},"modified":"2023-01-27T19:15:18","modified_gmt":"2023-01-27T19:15:18","slug":"negotiating-for-workplace-benefits","status":"publish","type":"oi_article","link":"https:\/\/www.sfs-inc.net\/articles\/negotiating-for-workplace-benefits\/","title":{"rendered":"Negotiating for Workplace Benefits"},"content":{"rendered":"\n
Improve a job offer by thinking beyond your salary.<\/em><\/p>\n\n\n\n It\u2019s a job seeker\u2019s market. The Great Resignation, which began in April 2021, has seen Americans leave their jobs by the millions, often in search of greener pastures. It has also produced a labor crunch, often leaving employers desperate to fill positions across industries. As a result, employees are in a good position to negotiate for higher salaries and workplace benefits with new or prospective employers. <\/p>\n\n\n\n Before you hit the negotiating table, here\u2019s what you need to consider:<\/p>\n\n\n\n If you\u2019re competent, reliable, and easy to work with, then you\u2019re a valuable asset for your current or new employers. Go into your negotiation with a clear understanding of what skills you bring to the business. Be ready to frame salary and benefits as an investment in these skills and even as tools that will increase your productivity by allowing you the flexibility to manage your schedule or providing resources for career development, for example.<\/p>\n\n\n\n Some formal benefits may be impossible to negotiate because your employer simply doesn\u2019t offer them. For example, if your employer doesn\u2019t have a tuition reimbursement program already in place, don\u2019t expect to negotiate one into existence \u2014 at least not immediately.<\/p>\n\n\n\n Before negotiations begin, get to know what benefits are available. Ask a company about:<\/p>\n\n\n\n Ask about a defined contribution retirement plan and health insurance options when considering a new job, but know that the terms of these plans are not usually negotiable. <\/p>\n\n\n\n If it\u2019s starting to look like your employer has run out of room in their budget to expand your benefits, focus on items that don\u2019t require more money in the immediate future. Improve your quality of life by pushing for flexible scheduling options. Increase the value of your resume by upgrading your job title. You may even wish to focus on your severance package, which doesn\u2019t cost your employer anything immediately. However, it helps ensure job security and that you\u2019ll be taken care of should your employer need to let you go. <\/p>\n\n\n\n Be sure to consider how increased benefits might affect your financial plan. For example, will a signing bonus or salary increase allow to boost retirement savings? Or will vesting stock options bump you into a higher tax bracket in certain years? Your financial advisor can help you integrate your new benefits package into your financial plan. <\/p>\n\n\n\n SOURCES:<\/p>\n\n\n\n https:\/\/energyresourcing.com\/blog\/top-benefits-to-negotiate-besides-salary\/<\/a><\/p>\n\n\n\nKnow what you\u2019re worth<\/strong><\/h2>\n\n\n\n
Know what\u2019s available<\/strong><\/h2>\n\n\n\n
Get more out of your benefits<\/strong><\/h2>\n\n\n\n