4 ms·
It’s very difficult to quantify the “benefits” you get! Comparing base salary is very simple, there are two numbers and you know exactly how they compare and wh
by noahtallen 5y ago
It’s very difficult to quantify the “benefits” you get! Comparing base salary is very simple, there are two numbers and you know exactly how they compare and what they mean. But comparing two health care plans, or time off benefits… it takes a lot more effort and is harder to quantify. I also think plenty don’t realize how much certain benefits can cost sometimes, like healthcare. Plus, most people are obviously working to make an income. And if you want to do FIRE, maximizing income is very important. So some are willing to sacrifice work life quality for extra base salary.
Speaking personally, I try to have a decent picture of how much extra I’d need to be offered to make it worth a switch. At a certain point, money will win, though it’d have to be significant :)
- jjwiseman 5y agoIt's also a lot easier for a company to decrease the value of other benefits than it is to reduce salary. If you work for Disney and your park pass slowly becomes less valuable over time because more and more dates are blocked out, that will probably cause much less consternation among employees than cutting their salaries.
- cableshaft 5y agoYep, joined a company that had solid benefits. Within two years they had switched from a PPO to a high deductible medical plan, killed all bonuses, and stopped their 401k match. But they didn't lower my salary! (It didn't go up either, they froze raises too). Major corporation, still kicking somehow six years later, although I hear they've lost a ridiculous amount of people and my former department is a pale shadow of what it used to be (50 people when I started, down to 5).