You may have decided which industry you'd like to be in, but your options can still be overwhelming if you go into it not having a good sense of what you're looking for. There is of course, salary, but do not fail to overlook the other benefits that a company has to offer:
1) Bonuses: Many companies offer merit-based bonuses. After your performance review, it is often up to a manager to determine what percentage / monetary amount you should get. These bonuses are taxed, but don't forget that they are meant to be an addition to what you are earning, so it is an added incentive to accept an already enticing offer.
2) Stock Options: This may not sound as appealing at the moment, but if there is a possibility that a company is going to go public in the future, then this is something to think about.
3) Relocation Assistance: Many companies will pay for you to relocate to another part of the country for work. There is usually some sort of formula behind this, but it is meant to offer a reasonable amount to cover moving expenses.
4) FSA: You may already expect to get healthcare, but a Flexible Spending Account (FSA) allows you to set money aside at the beginning of the year to pay for qualified medical expenses, including (but not limited to) medication, glasses, and contacts to name a few.
5) Commuter Assistance: Many companies offer a free or subsidized shuttle service, garage parking, subway / commuter rail passes, and bike checks to name a few. These can reduce your monthly spending significantly.
6) Free food / snacks: This is one of the most underrated benefits but most often used!
7) Free fitness facilities: For those of you who live in the city or who are members of an outside gym, the monthly fees can really add up.
Considering the entire package, and not just the salary, will help you greatly in making the best choice when you go to accept an offer.
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This is very true! Thanks for posting Saqi!
ReplyDeleteHey Saqi,
ReplyDeleteGreat blog, I am a student at University of utah and I have got few questions, can you please share your contact information on this id u0596824@utah.edu so that I can contact you? Thanks in advance !
Regards
Yogesh
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