What does your total Compensation add up to? (Part 2 of 5) Have you taken into account your current, past and future financial and non-financial benefits?

Jeanne Seger Compensation, Latest Topics 0 Comments

Answer:  Here is Part 2 of a series of 5 blog posts with check lists to jog your memory about financial and non-financial benefits.  This check list will help you document your benefits that have a high value cash equivalency. Part 2 – What benefits do you receive that have a high value cash equivalency? Vehicle related benefits—do you have a company car? Are you reimbursed for vehicle usage for company business, repairs, etc? Parking privileges? What would you estimate is the cash value of this benefit? Retirement Program: do you have a 401K program? What is your contribution? What does the company contribute? If you leave before a full …

What does your total Compensation add up to? (Part 1 of 5) Have you taken into account your current, past and future financial and non-financial benefits?

Judith Cushman Compensation, Latest Topics 0 Comments

Answer:  Here is Part 1 of a series of 5 blog posts with check lists to jog your memory about financial and non-financial benefits.  This check list will help you document and analyze your cash earnings. Part 1 – Compensation Check List: Earnings — Cash Compensation Base salary current (including the next 6-months since that is when the offer is most likely to be extended or a note mentioning today’s salary and the expected raise with an estimate of the higher earning) When was your last raise? What was the amount and the percentage? Is this a normal figure? How often is your salary review? (You may have a review …

What is the biggest misunderstanding relating to the question: “What is your compensation figure?”

Judith Cushman Compensation 0 Comments

Answer: There is no one number to give and the question is the wrong one to ask. Typically, when an HR Manager in an organization or a search firm executive is at the early stage of a search, s/he is looking for a number to keep it simple and to determine if you are in the ballpark they have in mind. At this point they are casting a wide net and if you give them a specific number it will most likely be the number they use right up until the offer stage, whether it is accurate or incomplete. And, this does not factor in changes in compensation through the …