Tuesday, April 03, 2007
The Income.... that I never see
As I near my one year anniversary with the new company, I have now realized that I made the right decision to accept the job.
When I turned in my two weeks notice at my old job, I was asked how much it would take to get me to stay there. I was prepared for that and about a week before I had made a list of things that would be necessary for me to stay. I didn't bring any of it up except the money because that was number one on my list. I asked for two thousand more dollars a year than I would make at the job I was being offered. I pretty much knew it wouldn't be match or even negotiated, but I did begin to worry what I would say if it was.
Needless to say they didn't want to negotiate and I'm very happy that they didn't. You see at the new job, I have income that I really don't see that I never even had a chance to not see at the old job. This "income" is in term of benefits.
We have a personalized website that we log on to see all of our benefits, how much money we've made for the year, and how much our benefits cost the company. The cost of my benefits to the company is almost $14k. That comes out to about $6.50/hr in money I don't really see.
Let's compare the benefits I have now as to what I used to have:
When I turned in my two weeks notice at my old job, I was asked how much it would take to get me to stay there. I was prepared for that and about a week before I had made a list of things that would be necessary for me to stay. I didn't bring any of it up except the money because that was number one on my list. I asked for two thousand more dollars a year than I would make at the job I was being offered. I pretty much knew it wouldn't be match or even negotiated, but I did begin to worry what I would say if it was.
Needless to say they didn't want to negotiate and I'm very happy that they didn't. You see at the new job, I have income that I really don't see that I never even had a chance to not see at the old job. This "income" is in term of benefits.
We have a personalized website that we log on to see all of our benefits, how much money we've made for the year, and how much our benefits cost the company. The cost of my benefits to the company is almost $14k. That comes out to about $6.50/hr in money I don't really see.
Let's compare the benefits I have now as to what I used to have:
- Great medical insurance, costs about half as much as the old job's plan / at the old job, just about every claim got denied
- Health care spending account saves me money on my taxes and is an interest free loan / didn't even have the option
- Short and Long-term disability for no cost / had to pay for it at the old job
- Life insurance at 1x annual salary at no cost (can purchase multiple for about $1) / had to pay for such a plan
- 12 vacation days, 12 sick days, 8 holidays (and if I work a holiday, I get paid extra for it) / not quite sure but maybe 12 paid days off a year, no sick time, 5 or 6 holidays paid but not paid extra for working
- 20% off my cell phone bill with options for discounts on other things including buying a car and mortgage rate reduction/ no option for such a thing
And the BIGGEST benefit I have received in relation to this blog's theme: a 5% reduction on my credit card interest rate. This may only save me about $800 over the time it takes me to pay off my debt but it's still something.
Labels: benefits, interest rates, job
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