Negotiating Benefits: 7 Ways to Get the Most Out of Your Job
When a salary increase isn’t possible, you can still negotiate benefits. Learn how with these handy tips.
When you want a promotion or a job change, the first thing you may think about is negotiating a salary increase. With the annual raise becoming a thing of the past, though, it may be more difficult to get one than you’d think. And while sure, you would rather have the cash in hand, you’re not out of luck. There are many other perks you can negotiate aside from your salary. Here are a few benefits you may want to talk to your boss about:
- Vacation days
- A more flexible schedule
- Paid parental leave
- Cost reimbursement
- New, improved equipment
- A better title
- More responsibility
1. Vacation Time
Your company may offer a set amount of vacation days. If taking a longer vacation appeals to you, you can ask for more days (three weeks instead of two weeks, for example). When your company offers accrued vacation after a certain amount of time working for them, you could request to begin the accrual earlier.
2. A Flexible Schedule
This is a major negotiating point for many employees. Whether it’s one day a week at home or the ability to be in the office for an alternative schedule (7 a.m. to 3 p.m.), a flexible schedule may be priceless. According to a Forbes study of 509 full-time remote workers, these employees are happier, feel more valued, and are more productive. What company doesn’t want those things?
3. Paid Parental Leave
Despite the generous policies at major companies like Netflix (52 weeks), Etsy (26 weeks), and eBay (24 weeks), among 41 nations surveyed in a Pew Research study, the U.S. is the only one that lacks paid parental leave. You can negotiate some or request to work part-time.
4. Reimbursement for Costs
There are many perks you can request reimbursement for. If you take work calls on your personal phone, request a reimbursement for some of your phone bill. Some companies will chip in for a gym membership with the reasoning that healthy employees take fewer days off. Childcare is an important need, and your company may reimburse you or allow you to designate pre-tax dollars to childcare costs. Lastly, engaged employees are constantly learning. Ask your company for professional development opportunities (perhaps through sites like Udemy and Coursera). This will not only benefit you, but them, too!
5. New Equipment
Technology changes very quickly, but companies don’t always have the motivation to keep up of it.
If you’re still working on a PC from 2009, it might be worth asking for an upgraded machine that works more efficiently.
A new computer may even speed up your own work and reduce frustration in your job. So it’s a win for everybody!
6. A Better Title
If all else fails, sometimes, a better title makes all the difference. Your job might have changed from the time you began. With a shift in responsibility, it might be time to request a title upgrade. Research your industry and see what other options are out there. A title at one company may mean something very different to another company, which may hurt your chances of a promotion or job change. Looking at titles from other companies may give you a sense of what might work best for your career.
7. More Responsibility
Taking the initiative to ask for different job assignments or new projects will not only help your career, but may also encourage innovation at work. A new role may add work to your plate, but it may just be what you need to feel motivated to succeed in a job that has become stagnant.
Sign up now for CentSai's latest.