In today's competitive financial world, it is still common to perceive your annual salary as the primary indicator of your value to a possible employer. As a result, it is similarly common to use that number as one of the major factors associated with accepting or declining job offers. However, the truth is that there are numerous other factors that can play a similarly important role to assess your success and value to the company. Therefore, before committing to a new employer, it will behoove you to be aware of the information shared below.
Understanding The Value And Savings Associated With The Insurance Package
Given the changes associated with Obamacare in the last few years and the expected changes that may manifest in 2017 and beyond, the value of a competitive and affordable health care plan cannot be ignored. Therefore, when you are debating which job offer you should accept, it is best to pay close attention to the insurance package each offer presents with.
As part of that, you will want to know that the health, dental, and other forms of insurance that are offered are competitive within the industry and can evolve as needed. For instance, low premiums and high co-payments or deductibles may be acceptable to a single person with no children, but five years from now those terms could be devastating. Therefore, you may want to determine how many different health insurance options are available now and how often they have changed in the past, as an estimate of what you might expect in the future if your needs evolve.
Consider Working For A Company That Shares Information About Its Financial And Hiring Strategies
One important factor to consider when assessing your employment possibilities is often as simple as knowing that when you have questions in the future, you will be able to get accurate and binding answers. For instance, equal pay for equal work is an obvious aspect to consider, but the availability of bonuses for performance and other job-based aspects are other aspects that some employers prefer to shy away from discussing. The free exchange of information related to your employment and the perks associated with your job will ideally be an option.
Although your income should not be the only factor you consider when an employment change is necessary, it is still important. Over the years, knowing that your value as an employee is commensurate with that of your co-workers who share similar skill sets and abilities can allow you to maintain your chosen employment.
Companies like Fox Lawson & Associates, A Division of Gallagher Benefit Services Inc. help employers create compensation strategies that ensure you as an employee are willing to stick around and do good work.