Due to the different compensation structure in Mexico, this article was adapted from our other article prepared for professionals that are compensated in the U.S. or Canada. This article is meant solely for professionals that are compensated via the Mexican payroll.
For the purposes of this article, let’s assume your employment interview went well, and there is sincere and mutual interest from yourself and the prospective employer. You will now need to decide two things: first, whether the new position is right for you; and secondly, what sort of offer you’d be willing to accept if you decide the new position is right for you. To help in the decision-making process, take the following test as a way to compare the two positions.
Position Compensation Guide
Directions: Compare the new job with what you already have.
Old job
New job
Element under consideration
Position title
Supervisory responsibility
Project authority
Decision-making autonomy
Freedom to implement ideas
Ability to affect change
Promotion potential
Challenge of tasks
Ability to meet expectations
Access to professional development
Professional growth potential
Company/industry growth
Company/industry stability
Starting salary, benefits, perks
Future compensation
Commuting distance
Travel requirements
Work environment
Rapport with co-workers
Rapport with management
Comfort with corporate culture
Other considerations (specify)
Total score: New job vs. old job
Compensation will be a key factor in your decision whether to accept a new position. However, few people take the time to really understand their economic choices, mostly because there are so many hidden factors, such as cost of living, benefits, and so forth. To help you put your choices into perspective, use the following guide to evaluate your prospective compensation package with what you’re currently earning.
Position Compensation Guide
Directions: Compare the economics of the old and new job.
Current Job
New Job
Element to Consider
$
$
Base salary
$
$
Christmas Bonus
$
$
Vacation days
$
$
Vacation Premium
$
$
Profit sharing (PTU)
$
$
Savings Fund
$
$
Food Coupons
$
$
Punctuality bonus
$
$
Attendance bonus
$
$
Performance bonus
$
$
Gas allowance
$
$
Car allowance (Car bonus)
$
$
Company car
$
$
Tuition reimbursement
$
$
Medical insurance
$
$
Life insurance
$
$
Stock Options
$
$
Moving expenses
$
$
Travel expenses
$
$
Other expenses (specify)
Cost of living differences
Other
$
$
$ Difference (+/-)
Regardless of where compensation ranks on your list of priorities, it’s a good idea to be fully aware of what you are being offered when you have to make a career decision.
Fernando Espinosa is a Senior Managing Partner of QualiFind, Inc. Fernando can be reached at 619-421-7134 or fespinosa@quali-find.com for comment or questions.
