Compensation Package - The combination of salary and fringe benefits an employer provides to an employee. When evaluating competing job offers, a job-seeker should consider the total package and not just salary. See also Salary and Benefits.
Compensation Package
How you can be compensated with money or other benefits for your time and labour.
Consultant
Someone who is an expert and gives advice on a specific subject.
A minimum compensation package of $50K plus benefits and a relocation allowance is my goal.
Examine the entire compensation package. Be sure to consider insurance, stock options, 401(k) plans, pension and profit sharing plans, salary progression, vacation days, paid holiday, and sick/personal days.
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- Keep apprised of current salaries and compensation packages for various positions within your industry. Compensation and benefits are always important factors to each employee.
When the job offer is on the table, the time has come to negotiate a compensation package. The company is emotionally invested in you, believing that you will benefit their team.
You're weighing the value of the total compensation package, salary plus potential gains.
Money is important, but consider the complete compensation package. Negotiate other perks and benefits and get them in writing. Ask about the frequency of potential salary increases.
The typical recruiter almost never has the ability to make the final decision on your compensation package. After you negotiate with them, they will need to go back and confirm the package with a hiring manager or another supervisor.
Also, some companies have fixed compensation packages or pay scales and will have identified these in their recruitment advertisements.
Once an employer has decided that you are the person for the job, the primary concern will not be to negotiate the least expensive compensation package the company can get away with. Rather, the main focus will be on getting you to accept the job.
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Let your reader know that this range is negotiable depending upon the position's responsibilities as well as the total compensation package, including benefits.
If your salary history differs significantly (higher or lower) than your current expectations, you must be prepared to address these differences at the same time. Keep in mind that you need to consider the total compensation package including ...
Companies requiring assistance tend to source professional expertise from Hong Kong and Singapore. Mr Wong says that expatriates can expect good compensation packages, in some cases better than they would receive in Hong Kong.
Do look at the entire compensation package.
Do try to obtain other concessions (shorter review time, better title, better workspace) or benefits (bonuses, vacation time) if you aren't successful at negotiating a salary you want.
The result will depend on many variables, including bonuses, stock options and other benefits. The higher you are in the corporate hierarchy, the more negotiable the salary and compensation package becomes.
Still, the interviewer should view you as the answer to their needs. You might find yourself negotiating a compensation package. Alternatively, you might find that you are starting from the beginning with a new person.
 See also: Compensation, Job, Employer, Salary, Interview
  
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