Understanding Your Compensation and Benefits

Course details

Whether you're new to the workforce or you've just accepted a job at a new company, understanding the compensation and benefits package is the first step in determining whether it's the right place for you. Expert recruiter Barbara Bruno has been negotiating compensation and benefits packages for the past 30 years on behalf of her candidates. In this course, she provides a step-by-step guide to help you understand what your prospective employer is offering you so that you can make a well-informed decision. Don't leave money on the table; find out how to negotiate salary, 401k matching, your benefits package, and other perks—even your review date—and get paid what you're worth.

Learning objectives
Negotiating your offer
Understanding the compensation schedule
Assessing the timing of reviews and salary increases
Reviewing the benefits package
Understanding the value of perks

Concepts

Introduction

A job offer is more than salary and a start date

Prepare Yourself for the Offer

Understand your employment category
Prepare for pre-employment testing
Consider the whole offer before accepting a job
Negotiate your job offer effectively
Request a written job offer

The Compensation

Understand the benefits and drawback for biweekly vs. bimonthly pay
Review your compensation package like an employer
Decide if a paid or unpaid internship is right for you
Negotiate the timing of performance reviews and salary increases

The Benefits Package

Review your health benefits
Consider taxation, timing, and eligibility of health benefits
Understand cafeteria plans and flexible spending accounts

Additional Perks

Evaluate your perks
Evaluate your time off
Evaluate your retirement benefits

Conclusion

Put your knowledge of benefits into practice