Q: Salary vs. Compensation Package

A: A common mistake when analyzing/comparing job offers is focusing on salary. When evaluating an offer, in addition to the base salary, be sure to consider the full value of indirect benefits including but not limited to the following:

  • Base salary
  • Paid leave-vacation, sick, holidays, etc.
  • Retirement-401(k), 403(b)
  • Medical-health, dental, vision, life
  • FSA/HSA contribution
  • Disability insurance
  • Tuition reimbursement
  • Childcare

Depending on your industry, offerings may include profit sharing, stock options, commissions, bonuses, relocation expenses, and other perks.

While not monetary, it’s important to also consider quality of life implications including stress level, commuting time and cost, flexible working hours, telework and duration and frequency of work-related travel.

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