4 ms·
I recently left a job that paid lower salaries and tried to focus on total compensation through bonus + benefits. The thing is, salary is steady and something
by sangaya 16y ago
I recently left a job that paid lower salaries and tried to focus on total compensation through bonus + benefits. The thing is, salary is steady and something I can budget my family off of. We can make decisions such as mortgage's, car payments, savings goals, investment goals, etc off of a salary. I can't do the same with a bonus. In fact, 08/09 made a lot of employees realize that the bonus can't be relied on in any way.
Is it possible to make more through total compensation of lower salary + bonus than high salary + little to no bonus? Sure. But I'm happier with the salary, and my hunch is that many other employees would feel the same.
- ohyes 16y agoThis is the same for benefits. Benefits programs can have their terms modified from year to year. A company with a great benefits program (ex. paying full tuition on a degree) can drop it from one year to the next. So if you have a budget that includes that degree being paid for, you might find yourself suddenly strapped for cash when you are footing the bill for the degree yourself.
- brown9-2 16y agoThis is very true. The variability of a benefit should certainly be taken into account. My point was just that salary alone is not your complete compensation so it shouldn't be the only number looked at.