Choosing A Company To Work For - Chapter 2 - Basic Compensation Principles

The second installment of our series on how to choose a company.

In the first cast in this series, we talked about the factors to consider when choosing a new company. Now we’re going to work through each in turn and help you with the questions to ask yourself when trying to decide what you need to be looking for.


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Commute and Transportation is a $ cost that can be measured

Accepting a job closer to home will help with non-quantifiable considerations such as commuting stress and time away from home 

This "cost" for commuting was mentioned in the part of the Podcast that was talking about non-quantifiable considerations.

 

I'd like to point out that transportation can be a clear and actionable consideration under the $ quantifiable considerations.

- Gas

- Tolls

- Insurance (they do ask for distance to & from work)

- Parking - wear & tear 

All of these can be quantified and considered as an expense.

For - example :  I have figured my commute cost approx $13 /day.  

That's roughly $300 a month. 

Luckily, I don't pay for parking - But, I know friends who pay to park at other Universities and/or for municipal parking in the city for $100's a year.

Thanks for pointing out this whole idea that compensation is _not_ just the number on the paycheck.

There were days that my father used to point out that my Master's Degree didn't get me a better paying job than his Blue Collar Union job.  { Working outside, getting overexposed to the sun (risking skin cancer for the rest of his life), climbing poles, splicing cables in the ground, etc. } That's when I pointed out that I work in an office with A/C and get the occasional free lunch.

Dad wanted me to have it better and easier than he did. The numbers on my paycheck may not exactly prove it, but Dad, thanks to your help, I have achieved what you wanted.

 TJP

 

 

I enjoyed this podcast  and

I enjoyed this podcast  and found myself agreeing with the broadcasters about considering the wider benrefits such as health. However, one of the key search criteria on job sites is sallary. Doesnt this make it difficult to specifiy a realistic figure if different jobs offer different benefits which are not identified by a search engine.

Location also can be important especially travelling further or moving.

I would be interested to know if any one can advise on how to reconcile these issues when performing job searches based on sallary and location.