{"id":3657,"date":"2008-05-31T05:30:37","date_gmt":"2008-05-31T11:30:37","guid":{"rendered":"http:\/\/www.businesspundit.com\/increase-your-compensation-with-non-cash-benefits\/"},"modified":"2020-09-21T13:32:34","modified_gmt":"2020-09-21T17:32:34","slug":"increase-your-compensation-with-non-cash-benefits","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/increase-your-compensation-with-non-cash-benefits\/","title":{"rendered":"Increase Your Compensation With Non-Cash Benefits"},"content":{"rendered":"<p>Earlier this week we looked at how to make your case for a raise, but what if your employer truly can&#8217;t pay you more? Instead of walking away with nothing, why not get creative? After giving you a sob story about low company profits and tight times everywhere, your boss may be willing to agree to quite a lot of non-cash benefits to keep you satisfied. And we&#8217;re not talking free orange soda.<\/p>\n<p><strong>Perks May Be a Softer Sell      <br \/><\/strong>Don&#8217;t let your company&#8217;s lean philosophy fool you into accepting nothing more than a cost-of-living adjustment. Companies strapped for cash <a href=\"http:\/\/www.businessweek.com\/debateroom\/archives\/2007\/03\/telecommuting_n.html\" target=\"_blank\" rel=\"noopener\">may be more receptive<\/a> to benefits such as vacation time, flex time, and telecommuting. Just make sure you get things in writing. <\/p>\n<ul>\n<li>Time is money. For example, an extra week of vacation equates to about a 2% raise. Two weeks is worth 4%. Take the time off to work on outside projects, teaching, speaking engagements, or just relax. <\/li>\n<li><\/li>\n<li>Look carefully at the job functions to see where hours can be cut or tasks can be delegated, leaving you free to do the higher level work you&#8217;re making the big bucks for. Do you work long hours? Why not negotiate a 4 day work week? When you&#8217;ve been working twelve hours a day , persuading your boss to let you take off Fridays is huge. <\/li>\n<li><\/li>\n<li>Do you have the option of cashing out vacation or flex time? That can add up, especially if you&#8217;ve negotiated more of it. Maybe you never take any of your sick days &#8211; see if you can build that into your bonus structure. <\/li>\n<li><\/li>\n<li>And speaking of options, do you hold any equity in the company? They may be willing to offer you stock, options, or some other performance based reward payable at a future date when certain profitability targets are met. <\/li>\n<\/ul>\n<p> You need to look at your total situation and play it smart. You want to piece together enough to keep you from becoming resentful without coming across like a nickel and dimer. The key is to identify what&#8217;s most important to you and ask for it. If you&#8217;re still not happy &#8211; hit the pavement. Just remember, looking for a new job may or may not be as rewarding as improving your current situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this week we looked at how to make your case for a raise, but what if your employer truly can&#8217;t pay you more? Instead of walking away with nothing, why not get creative? After giving you a sob story about low company profits and tight times everywhere, your boss may be willing to agree [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-3657","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/3657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=3657"}],"version-history":[{"count":1,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/3657\/revisions"}],"predecessor-version":[{"id":74488,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/3657\/revisions\/74488"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=3657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=3657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=3657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}