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Job salary/benefits question: no benefits vs benefits
Posted on 5/9/15 at 8:25 am
Posted on 5/9/15 at 8:25 am
Pros: Got a decent paying job, great folks, good office environment, close to my house
Cons: stressful, no benefits
Question, what would make you leave a job for one with benefits? How much more money?
Or is it not that big of a deal? I got no 401k.so I'm having to do retirement on my own.
Cons: stressful, no benefits
Question, what would make you leave a job for one with benefits? How much more money?
Or is it not that big of a deal? I got no 401k.so I'm having to do retirement on my own.
3
Posted on 5/9/15 at 8:34 am to HailToTheChiz
Benefits can be a few thousands alone. And matching 401k and potentially be 100k difference in long run if not more. I would look for anything in my field with benefits or renegotiate with current company
Posted on 5/9/15 at 8:47 am to tigerbacon
I guess that's my thinking. I'm still young so long term 401k would be huge.
Posted on 5/9/15 at 5:11 pm to HailToTheChiz
What the hell field is this in?
Posted on 5/9/15 at 5:21 pm to Porker Face
Benefits can he huge, if your employer has a decent family health plan. Also realize that your employer pays half of FICA (7.5%) on your behalf. If you become an independent contractor or self employed, the full 15% is on you.
Posted on 5/9/15 at 5:35 pm to HailToTheChiz
In my experience, a good benefit package can add 15 to 20 % to your total compensation.
Many benefits are paid for by the company and most of the time if the employee has to pay for some of the benefit, that money is taken out pretax so they are worth dollars that have not already been taxed.
If you are self employed, a "job" would pay half of you SS tax.
Many benefits are paid for by the company and most of the time if the employee has to pay for some of the benefit, that money is taken out pretax so they are worth dollars that have not already been taxed.
If you are self employed, a "job" would pay half of you SS tax.
Posted on 5/9/15 at 7:01 pm to Porker Face
quote:
What the hell field is this in?
Irrelevant to my original question
Posted on 5/9/15 at 7:02 pm to makersmark1
I'm basically self employed when it comes to benefits. But I can't take a SEP plan because I'm technically an employee
Posted on 5/9/15 at 7:16 pm to HailToTheChiz
Benefits are critical.
But, they are simply part of total compensation (or total remuneration). Benefits can be broken down into their monetary value. Some are simple, others with tax-related or long term implications, are not as straightforward. But to me, it comes down to dollar for dollar.
The non-monetary items are more difficult. Additional vacation/schedule flexibility, travel, stress level, etc.
But, they are simply part of total compensation (or total remuneration). Benefits can be broken down into their monetary value. Some are simple, others with tax-related or long term implications, are not as straightforward. But to me, it comes down to dollar for dollar.
The non-monetary items are more difficult. Additional vacation/schedule flexibility, travel, stress level, etc.
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