Financial Feminist 187. The Best Workplace Benefits and How to Negotiate Them
Sep 19, 2024
Tori Dunlap, a financial literacy advocate and negotiation expert, shares vital insights on workplace benefits. She discusses the 'September surge' and how job seekers can evaluate perks like PTO and stock options. Tori emphasizes the importance of negotiating benefits such as 401k plans and parental leave, while critiquing superficial perks like free lunches. Listeners learn to prioritize genuine benefits that enhance their financial security and satisfaction at work, empowering them to negotiate better compensation packages.
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Prioritize Rest with PTO
- Look for generous PTO policies that prioritize rest and don't require extensive accrual.
- Unlimited PTO policies offer flexibility but can be abused if rest isn't encouraged.
Understand Stock Options
- Stock options can be lucrative, especially in tech, offering discounted company stock.
- Understand restrictions and timelines, as they can be golden handcuffs or worthless.
Leverage 401k Matching
- Look for 401k matching, which is essentially free money towards retirement.
- A company matching a percentage of your contributions significantly boosts savings.