6 Things Worth Negotiating Other Than A Salary In A Job Offer
A salary is likely the most important benefit to negotiate before accepting a new job.
But if your employer won’t budge on a salary offer, you may still be able to make up some financial ground by negotiating other aspects of your new job.
As with the pay rate, it’s best to do your research before asking for anything. Find out what others in your field are earning, and what benefits your company already offers.
Some things you may not have to negotiate on, such as vacation time, buy you can always ask for more of something.
Here are six things to negotiate with your new boss beyond a better salary:
1. Extra Vacation Time
Two weeks is the minimum vacation time to expect when starting a job. It should increase every year or so, and may have a cap.
That’s a good start, but it’s worth asking for more paid time off if your salary isn’t as high as you expected it would be.
Having extra paid vacation days isn’t increasing your annual salary, but it gives you time off to relax and recharge for more work. The key is that it’s paid time off, and not unpaid time that you can take off.
You can also negotiate to start taking your vacation sooner rather than later when you first start working. Some companies don’t allow new workers to take time off until they’re on the job for at least six months. Ask if you can take it sooner, and remind your employer that employees who take vacations are happier and more productive than those who don’t.
2. Work From Home
Telecommuting is common during the coronavirus pandemic, so this may not be a benefit you need to negotiate. For now.
Some companies are slowly allowing workers to return to offices, so working from home may not continue for everyone. If you enjoy working from home, then it’s something to ask your employer if it can be permanent for you or can at least be a few days a week.
A flexible schedule can cut your commute time to zero and do a lot of other things at home that you normally couldn’t do when working at the office.
3. Commuting Reimbursement
If you are driving to work, a transportation subsidy or reimbursement for taking public transportation may be available from your employer. Some transportation entities such as bus services may reimburse companies for getting their workers on public transportation.
Your new employer may already offer a free or reduced transportation pass. If not, ask for it during negotiations.
If you don’t live in a big city and public transportation doesn’t work for you, ask if you can be reimbursed for gas, mileage or tolls during your commute. Maybe a company car is available.
4. Health Benefits
Unless your office has a gym, this is another benefit you may be able to negotiate with more vacation time as a way to make you happier and healthier.
Healthy employees are happy employees, and they also cost less to insure. That should be enough to convince your boss to pay for your gym membership.
5. New Tech Equipment
If your job requires you to have a phone, computer and other basics of work-related communication, it’s only fair that it provides you with these items.
If it doesn’t provide them, ask for them. And if it does, ask how often they’ll be updated with the latest technology. An old computer or phone won’t allow you to be as productive as you could be, so it’s in your employer’s interest to provide workers with the most updated equipment.
Will you get to choose the laptop the company provides? If you prefer a Mac over a PC, ask for one.
Will you get a company cell phone? Or can it pay part of your personal cell phone bill if you’re using it for work?
And how often will you get updated tech? Ask if your employer will buy you the latest phone soon after it’s released, and a new laptop computer every three years.
6. Professional Development
There’s probably at least one annual conference for work that you’d like to attend. Or there are skills you want to improve or a professional organization you want to join.
Ask your boss if they’ll pay for these for you each year, up to a set amount.
Point out during the negotiation that these kinds of professional development will help you achieve your work goals and do your job better. Give examples of how they’ve helped you in the past.
Tuition reimbursement, for example, helps you personally by allowing you to earn an advanced degree. But more education also helps your employer retain good employees and help them grow professionally.
And in the end, that’s exactly why all of these benefits are worth negotiating. You’re improving your own life, and making yourself a more valuable employee.
Exclusive promotions, rewards and insights on the journey to financial freedom. Earn & save more today.