Negotiating your salary is a lot like dating. You want to ask for what you think you deserve but don’t want to be too aggressive or over-the-top about it english courses.
When it comes to negotiating terms for employment, money isn’t everything. Some non-monetary benefits often offered by employers on top of a salary can increase the value of your employment contract.
Non-monetary benefits are benefits that a company will offer an employee in addition to their salary.
This article will cover how you can leverage these benefits in your next employment negotiation.
Know the Non-Monetary Benefits Your Company Offers
Before you begin negotiations, you need to be aware of the non-monetary benefits your company offers. Then you can identify which would be most beneficial for your unique situation.
Once you’ve discovered the possibilities, then you can begin your strategy.
Don’t assume that your benefits are fixed.
Benefits can be changed by the company or by you and your manager as part of a negotiation. Just as your salary is negotiable, so are your benefits.
If you’re looking for a job and want to know what kind of benefits are available, ask about them up front–don’t wait until after you’ve accepted an offer!
And if no non-monetary benefits are offered in your employment contract, don’t hesitate to ask. Most employers expect some type of negotiation.
If you aren’t sure what benefits are offered because your employment contract is lengthy and uses complicated language, get a contract review by a professional before you agree to anything.
Use data to back up your requests.
You may be able to get more money and benefits by using data to back up your requests.
Use employment surveys from reputable sources like Glassdoor or Payscale when negotiating for extra benefits.
Search for survey results about time off policies at companies where employees have worked before so that you know what kind of vacation days or sick leave benefits might be available before accepting any offer from them.
You can also discuss what other companies offer you as part of their employment contract and see if they are willing to match it.
Examples of NonMonetary Benefits
What kind of non-monetary benefits can you expect to be offered? Well, that purely depends on the company doing the hiring, but this list includes a few of the most popular:
1. A Flexible Work Environment
You can ask for a more flexible schedule, such as working from home one day per week or telecommuting on certain days.
This is especially helpful if you have an unpredictable commute or live in a rural area that lacks public transportation options.
2. Health Insurance
Whether you’re covered by a private plan or through Medicare/Medicaid, having health insurance can be crucial to ensuring that you stay healthy and productive throughout your working years.
A good health insurance plan is one of the most incentivizing non-monetary benefits a company can offer.
3. Paid Vacation Time
Taking time off from work is essential for both mental and physical well-being. Although this isn’t part of your salary, it can help you to afford to take time off.
Most companies allow employees to accumulate paid vacation days. The longer you work for them, the more paid vacation days you will have at your disposal.
Imagine taking an entire week off to relax and still get a paycheck!
4. Tuition Reimbursement
If you’re pursuing higher education at an accredited school or university, many companies offer a tuition reimbursement program as part of their employee benefits package.
These programs allow employees to receive part or all of their educational expenses paid by their employer so long as they meet certain requirements set forth by both parties involved in this agreement.
5. Counseling and Training Programs
Training programs are a great way to get the most out of your career. Training programs are an excellent choice if you’re looking for a way to learn new skills, advance your career and make more money.
There are also various types of nonmonetary benefits, such as mentoring programs and workshops, that can help employees develop professionally without incurring significant costs for employers or employees.
You should always be prepared to negotiate your salary, but you should also know that it’s not the only thing that matters.
Your non-monetary benefits can be just as important in determining how much you earn and how happy you are with your job.
Remember that when making requests during negotiations, so they don’t come across as unreasonable or greedy, they should sound reasonable given the value provided by your company’s compensation package.