you a tidy sum. Commuting to the workplace is another expense that you have to consider while negotiating a new job. If the place of work is at considerable distance away from your home, it may involve additional expense towards fuel and car maintenance or public transport.
Paid overtime hours is an important issue you have to consider. If your present job pays for your overtime hours and the new job requires you to be on call 24 hours, then you may be actually getting less if you divide the extra hours put in from your annual salary. Even if it is a few hour a week, it will become considerable amount when calculated for an entire year.
There are many other issues, which are sometimes called perks to consider like reimbursement of tuition expenses, flexible working hours, 401(k) contribution, on-site daycare and health clubs, company paid training, mobile phone and/or laptop computer provided by the company, paid professional membership to associations and institutes, vacation and personal holidays, car parking expenses, tax deductible expenses, and the possibility of working from home. Many of these factors are intangible benefits – one might not be able calculate them in dollar terms but depending on your situation they may be very important to you like for example the option of working from home for a mother having small kids to look after at home.
When you make a comparison of the above items with your present job, this would give you an idea of the additional expenses that you have to bear in the new job, giving you a more accurate actual take home figure and putting you in a better, more knowledgeable position while negotiating the salary for your new job.
Article Source: http://articlecrazy.com
Steven French is a recruitment consultant to www.UteachRecruitment.com - the specialist UK teaching jobs recruitment agency. Visit Uteach Recruitment to find your perfect UK teaching job today.
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