Because while things may sound good on composition, it ’ s quite possible that “ better ” option is actually worse financially.
As Kristen Robinson, Senior Vice President of Emerging Investors at Fidelity, told me when I asked her what things people mistakenly overlook in occupation offers :
Millennials are more likely to consider factors such as wage and bonuses when evaluating a job offer—while alone 4 % consider early fiscal components such as store options and profit communion. According to Fidelity ’ second Evaluate a Job Offer Study, early overlooked benefits include retirement benefits ( 39 % ), health and medical insurance ( 28 % ), and paid time off ( 27 % ). Thinking about a benefit such as a workplace retirement savings plan, a caller that offers a lower wage but a greater 401K catch may give you a better starting signal on reaching your retirement savings goals. so, it ’ sulfur crucial to cautiously weigh the different factors when deciding which job to choose.
now, if this calculator tells you you ’ re going to earn less overall and you already have an offer in hand, that ’ s a good originate point for your negotiation. But if asking for more money international relations and security network ’ t an choice, Robinson says “ Ask yourself—aside from salary—what ’ s authoritative to you correct now ? Consider asking for professional development courses, more opportunities for bonuses, excess vacation time, or request a six-month inspection to evaluate your early performance—which could be your first opportunity to prove your measure for a lift. ”
If you ’ rhenium uncertain how to bring this up during the conversation, here ’ s a handy template ( I know, you ’ rhenium welcome ! ). Money international relations and security network ’ metric ton everything, but it ’ s decidedly not nothing. And when you have the choice between staying at your current company or moving on, it could be the decide factor.