With the coming of the New Year, there is often an interest in throwing out the old and bringing on the new. This common feeling inspires our resolutions, and for some that may involve looking for a new job.
Whether you are forced to find a new job due to a lay off or if you just desire a change, keep these following money decisions at the top of your mind.
1. Negotiate Salary
Often many new hires are unaware that an initial salary offer is negotiable. This is true for many types of jobs, even hourly. Don’t be afraid to ask for more, even if you are currently unemployed. Once a job has been offered to you, the employer wants YOU. They have a vested interest in bringing you into their organization. It doesn’t hurt to ask for more than that first offer if you do it with respect and good information. Research the field and what others make for similar jobs. Compare it to your previous salary history. Once the offer has been made, the ball is in your court. Many companies actually expect you to ask for a better salary – they will even start low with that assumption.
2. Evaluate the Benefits
When deciding to change jobs, it is important to look at the whole picture and not just the salary. There are many hidden benefits and costs with certain jobs and companies. These things should not be ignored when looking at the total financial package of a new job. Examples of these hidden monetary costs and benefits include:
• Health insurance
• Retirement plans
• Disability programs
• Vacations and sick days
• Commute distance
• Parking arrangements
• Company paid expenses
• Dependent programs
3. Be Prepared to Walk Away
Often we get too caught up in the excitement of a job offer and accept almost out of pride or the excitement rush. Don’t do it. Always tell a possible future employer you want a few days to think it over. It takes time to evaluate all these important monetary factors, as well as the emotional ones.
Related Articles:
*Job Tips for Those With a Spouse Who Has to Regularly Move
*Five Tips to Prepare for Job Loss