Have you seen the movie The Internship with Owen Wilson and Vince Vaughn? Two middle-aged workers trying to snag a coveted internship with Google. The offices offer employees incredible benefits like free meals, coffee bar, gaming areas to spark creativity and comfy high-tech pods for a quick power nap.
Company benefits like those depicted in the movie are actually a reality in many high-tech environments seeking to employ talented and malleable Millennials. However, do their compensation packages stack up against a more traditional, 9-5 environment?
At CreativeSourcing, our recruiters caution that some of the businesses which offer free dry cleaning, coffee and ping pong may also require round the clock work hours, lower pay and fewer advancement opportunities. Those nap pods are sometimes there for the wrong reason. Workers frequently find themselves having to nap at work to meet a deadline. Is that the kind of work/life balance you imagined when you first entered college?
Understanding Your Total Compensation Package
Comparing annual salaries from one position to the next is an incomplete method of measuring your total compensation package. There are other important components of the position that need to be considered, such as:
- Paid Medical/Dental Benefits
- Retirement Benefits:
- Matching 401k funds
- Investment planning
- Bonus, Profit Sharing, Commission Structure
- Continued Education Opportunities
- Upward Career Path
- Mentorship Programs
- Diversity Focus
- Maternity/Paternity leave (paid?)
- Company Car
- Company Culture
- Work Hours vs. Productivity
Our recruitment specialists also help analyze the company’s future position in their industry. Where are they ranked in the industry? Are they customer focused or bottom line driven? Do they have a strategy for creating a gender balanced workforce? Are they embracing technological advances to position themselves for the “new norm” in business?
As a college grad with thousands in academic debt, you may be easily swayed by the promise of a salary and a cool, laid back environment. However, if you pull back the layers of the company onion, would you discover a “great place to work” or a job that leaves a bad taste in your mouth?
Obviously, we aren’t saying that if a company has a ping pong table in the lobby, you should steer clear; just be aware that there is more involved in your total compensation than a paycheck and a game of one-on-one.
If you are in transition or looking for your first professional career out of college, seek out those more experienced in the recruitment world to help you measure the pros and cons of the offers you are considering. Our recruiting experts have the experience and know-how to help you land a position with the best possible total compensation package.
Give the recruiting specialists at CreativeSourcing a call. We can help.  296-0167.