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 new job with what you already have
Current Job
New Job
Element to Consider
$
$
Base salary
$
$
Bonus, commissions
$
$
Additional perks
$
$
Profit sharing potential
$
$
Value of stock or equity
$
$
Pension
$
$
401(k) contribution
$
$
Reimbursed expenses
$
$
Cost of living differences
$
$
Moving expenses
$
$
Travel expenses
$
$
Insurance premiums
$
$
Property taxes
$
$
State, local taxes
$
$
Sales taxes
$
$
Tuition reimbursement
$
$
Other expenses (specify)
$
$
$ Difference (+/-)
Regardless of where compensation ranks on your list of priorities, it is a good idea to know what you may be getting into when faced with a career decision.
