From the course: Personal Finance Tips Weekly

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How to assess the real value of a job offer?

How to assess the real value of a job offer?

From the course: Personal Finance Tips Weekly

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How to assess the real value of a job offer?

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- Here's a lesson that I know I've learned the hard way. Before saying yes to a job offer, you really need to do the math on what the offer really entails. It's easy to skip that step. Especially when you're excited about the offer and keen to get started. So here's a few things to consider. When you're negotiating for or you've received a job offer. First is the idea of total compensation. We tend to look to the salary as the number that we focus on. But when you look at the benefits and terms, the number can change substantially. For example, a 75000 dollar a year job with no benefits may actually end up giving you less in your pocket than a 60000 dollar job a year with benefits. How's that possible? Well, remember in most countries, the more salary you earn, the higher percentage of your money that may go to tax. Then when you look at benefits. A company paying your healthcare, retirement fund and transportation, for example, could save you thousands of dollars a year. So here's…

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