WAGE & BENEFITS
PAY
Another issue for many older workers is the starting wage at a new company. This is especially true when you are transitioning into a new line of work later in your career. Just because you have 30 years of experience doesn’t mean you will receive more pay than a younger candidate. When considering any offer, make sure to look at the entire compensation package. Look at pay, health benefits, disability and/or life insurance benefits, paid time off, retirement savings plans, work schedule and potential for growth. Even though it isn’t required of employers, you should ask for this information in writing. For contract positions, be aware of any non-compete clauses the company may implement. If you are not satisfied with the initial offer, you can attempt to negotiate a compromise. Again, consider the entire package. Some employers may not have the ability to pay more, but could allow for considerations. This could include giving credit for past, similar work history when calculating your paid leave or sick leave accrual rates. It’s an uncomfortable conversation to have, but now is the time to advocate for yourself, as you won’t be able to reset your starting point once you accept the position. Make sure not to paint yourself into a corner by giving an ultimatum; remember, this is a negotiation.
HEALTH BENEFITS
DISABILITY AND/OR
LIFE INSURANCE
BENEFITS
PAID TIME OFF
RETIREMENT PLAN
WORK SCHEDULE
POTENTIAL GROWTH
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