8 reasons besides money to
accept a job offer.
A. Abdul Rashid
• Money is not always a priority when it comes
to picking a job. For that reason, many choose
to settle for a lower monetary package in
favour of non-financial rewards. We give you a
list of options you must consider apart from
the salary when taking up a job offer.
Training and development
• Get details about the company's approach to
training its executives. For a young
professional, it pays to join a company that is
training intensive and offers learning
opportunities. A compromise on the salary
front may land you at a two weeks sales
seminar at the company headquarters in
America -- not a bad trade off. At the start of
your career, what you learn is often more
important than what you earn.
• Fine, you didn't get the 35 per cent hike you
wanted, but maybe your span of control is
increasing. It's worth it if you are getting to
manage a bigger team or becoming
responsible for a larger sales territory. For an
ambitious employee, responsibility and
recognition of talent is an enormous reward. If
taken advantage of, it can mean a quick
promotion or further compensation down the
• "Going back from ITES to the hospitality
industry meant a cut in my salary, but I was
getting an opportunity to become a store
manager at an early stage in my career," says
Noida based Abhishek Singh, store manager at
Barnie's coffee shop.
• If you always wanted to work on a high impact
project, it's worth it to compromise on the
monetary front to earn a seat on that coveted
task force. If you develop new business for the
company as a result, the ultimate reward
down the road could include a promotion and
Employee stock options (ESOPs)
• Most people believe the stock market is a risky
proposition. However, they can be a great
replacement for monetary benefits. If your
company does well, you will benefit from the
rewards. This is a great option, especially if
you are joining a company in sunrise
industries like retail, ITES, biotechnology, etc.
• Employees of companies like Infosys and
Wipro are testament to this as they saw their
wealth rise due to stock options. As long as
the company's balance sheet does not take a
hard hit, stock grants can be a win-win
proposition for all.
5-day weeks and flexi time
• We all want more time with our families and
more leisure time to pursue other interests. So,
company policy of 5-day weeks or a work from
home system is a good trade off to consider.
Make sure you reach out to your prospective
employer and ask for more flexible time. "I
wanted to get back to normal working hours and
weekends off, so I decided to leave a big company
and work for a smaller outfit," says Kamlika
Chandla, ex-employee of Convergys, a leading
• The company may be willing to pay the tuition
fee for that MBA you always wanted to pursue
or send you on an all-expense paid
management development or leadership
program offered by several business schools.
You may even be able to put your new degree
to work for a promotion or bigger
responsibility in the future.
Props and freebies
• Maybe the company is offering you a brand
new laptop or the latest mobile device you
have been eyeing for some time. It could also
be willing to provide you a company-owned
vehicle and house. These are potentially
heavy-duty expenses that make for a great
replacement for an outright cash component.
• A practical option to consider if your parents
and spouse are dependents. Hospital and
medical bills can burn a hole in your pocket so,
if a drop in the total salary package buys you
free medical cover for self and family, it's an
option worth its weight.
• If you are thinking of getting the salary you
want along with all these benefits, you
certainly are optimistic. Then again, there is
no reason in demanding some of these
benefits, especially when a hike during salary
negotiations seems unlikely.
A. Abdul Rashid