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The annual salary isn’t the only thing to think about when evaluating a job offer. Take into account the fringe benefits that are available to you, such as medical, dental or vision insurance and access to a 401(k) or other retirement plan. Perks like this can have a financial value that outweighs higher salaries for positions that don’t offer benefits!
Here are some key questions to ask.
What’s the monthly cost of benefits? Who’s covered? Is there a probationary period before my benefits kick in? Are my benefits taxable? When it comes to health care, what’s the difference between an HMO and a PPO?
How are holidays, vacation and sick leave handled? Is ‘comp’ or ‘flex’ time available? Could I work from home or work a flexible schedule?
Do I have the option to participate in a retirement plan? Are stock options available? Does the employer match retirement plan contributions? To read more about retirement benefits, visit the Gearing Up for Retirement section.
Does the company offer tuition reimbursement? What are my promotion and growth opportunities? Are there any other benefits your company offers that I haven’t already asked about?
Don’t be afraid to ask Human Resources for more information about benefits that may be available to you. You want to ensure you’re making the best career decision so it’s important to ask the right questions.