October 12, 2022 |
In today’s job market, the benefits package can be just as significant as the salary itself when it comes to attracting top talent in the field. It’s important to ask about both when applying for any job in order to understand how you will be compensated for your time, skills, and knowledge.
Finding out about benefits early on in the interview process can give you a better sense of whether the position is a good fit for you. However, knowing when to ask about benefits can be tricky.
The last thing you want to do is come across as pushy or entitled because you brought up the question too soon. With that in mind, the following guide will help you navigate this delicate conversation during your interview.
There are several key reasons recruiters will bring up benefits during the interview process. Generally, it’s best to let the recruiter bring up benefits first to avoid coming across as egocentric or too money-driven. The following are a few of the reasons recruiters bring up benefits during the interview process:
Although waiting for the recruiter to ask about benefits helps take the pressure off, there are a few instances where it may be best to bring the topic up first.
For example, the recruiter may not bring up benefits until the end of the interview process. If their benefits package is nowhere close to what you were looking for, you may have wasted your time interviewing for a position that wasn’t a good fit for you.
Additionally, bringing up the topic yourself can show the recruiter that you’re interested in the position and have done your research. By broaching the topic early on, you also force the recruiter to be transparent about what they’re offering.
As a result, you can decide whether the role is right for you early in the interview process.
If you decide to take the initiative and bring up benefits yourself during the interview process, then the next step is deciding when to do it. You can ask about benefits during the first round of interviews or wait until the last round. There are advantages to doing either, so be sure to compare them.
It sets expectations upfront if you ask about benefits during the first round of interviews. This way, if the company’s benefits package is not in line with what you’re looking for, you can save yourself the time and trouble of going through the entire interview process.
Additionally, if you make it to the final round of interviews, there will be no surprises. The company will know exactly what you’re looking for, and you can avoid the awkwardness of having to negotiate benefits after they have made an offer.
You have more bargaining power if you wait to ask about benefits until the final round of interviews. The company has already invested time and resources in you, so they may be more likely to meet your demands.
Additionally, if you make it clear that benefits are important to you, the company may be more likely to offer a competitive benefits package to you.
Whether you plan to ask about benefits yourself or you decide to wait until the recruiter brings it up, do your research first. This way, you’ll be prepared to ask questions and discuss the benefits that are most important to you. The following are a few things that you should research to prepare for the conversation about benefits:
When researching the salary for a potential position, it’s essential to compare the salary range against the fair market value for the position.
If the company is offering a salary that is below market value, consider whether the benefits package makes up for the lower salary. You might even be able to use the information you have on the position’s market value to negotiate a better benefits package.
A quick search on social media or any job site can give you an idea of what benefits other employees at the company received. This information can help determine whether the company will likely meet your compensation expectations. It can also give you an idea of whether the benefits package the company eventually offers you is competitive.
Besides researching the benefits package, it’s also essential to find out how the company compensates other employees. Look for details like bonuses, commission structures, and stock options. This information can help you determine whether the company will probably meet your financial needs.
When researching the company, consider how you would fit into the company culture. Find out about the company’s values, business model, and management style. You’ll want to ensure that you would be a good fit for the company before accepting a job offer.
Knowing the company culture can be helpful when discussing benefits, because you can discuss how the benefits fit into the company culture. For example, if the company values work/life balance, discuss how the company’s parental leave policy fits in with that.
A comprehensive benefits package can include a wide range of financial benefits. Understanding what benefits are available can help you determine whether a company is likely to meet your financial needs.
The following are a few financial benefits that you may want to ask about:
Work-life balance is essential for many employees and can be a crucial component of the benefits package. In fact, you can use your work-life expectations to negotiate benefits that will help you maintain a healthy balance between work and the rest of your life.
When considering work-life balance, you’ll want to bring up:
One of the worst times to ask about benefits is during the early stages of the interview process. For example, suppose the recruiter has scheduled a 15-minute phone interview to determine whether they should bring you in for an in-person interview.
In that case, the last thing you should do is ask about the benefits right off the bat. Doing so can leave a poor first impression because:
If you’ve let the recruiter bring up benefits first because you don’t want to risk seeming pushy or entitled, but the subject never comes up, it might not be a good sign. Suppose the interview process ends with no discussion on the topic?
In that case, the company might not be interested or want to take their time with the hiring process. If they request an additional interview, you should probably bring it up then.
In getting a new job, the benefits package can be just as important as the salary. That’s why it’s always a good idea to learn about the benefits a company provides when you have a job interview lined up.
Doing your research can help you understand whether you’ll be a good fit, give you an idea of what to expect, and give you negotiating power when benefits are raised. Just make sure you find the right time to discuss it!
Learn more about how you can negotiate the compensation you want.Browse through our job seeker resources today!