Thought Process Series: Changing Jobs
This series is intended to give you a little "Food for Thought" regarding every day topics. The topic today, evaluating job changes.
| Apples to Apples | ||
| Salary | Current Job | Job Offer |
| Hourly Rate | ||
| Overtime available? | ||
| Bonus pay/structure | ||
| Employer Paid Life Insurance | ||
| How much? | ||
| Supplemental available? | ||
| Short Term Disability | ||
| Elimination Period: How long until it kicks in? | ||
| What percentage of your base pay is covered? | ||
| Benefit Period: How long does it pay you? | ||
| Long Term Disability | ||
| Elimination Period: How long until it kicks in? | ||
| What percentage of your base pay is covered? | ||
| Benefit Period: How long does it pay you? | ||
| Is there a base plan and then a "buy-up" option for additional coverage? | ||
| Retirement | ||
| Do they have a retirement plan? | ||
| How much does the employer match? | ||
| Is there a vesting schedule? | ||
| Is there an additional profit sharing plan? | ||
| Is there a vest schedule on the profit sharing? | ||
| Does the employer offer a pension? | ||
| What are the payout options? | ||
| What are the retirement ages/qualifications? | ||
| Does the company offer stock or stock options? | ||
| Time Off | ||
| How much vacation or PTO time will you have right away? | ||
| Will you earn additional time with years of service? | ||
| Do you need to take time off in specific increments? | ||
| When is your vacation time awarded for the year or is it accrued pay period by pay period? | ||
| Can you work remotely? | ||
| Does the schedule align with your family's needs? | ||
This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions. (05/20)