Thursday, January 28, 2016

Negotiating Your Next Job – Vacation or More Pay?

When it comes to job negotiation, what matters more to you... vacation or a higher salary? Americans are taking less vacation time and looking for more money than ever. While vacation and sick leave are not mandated benefits, it's still important to decide what benefits are a make or break for your career. In this blog, we will examine that benefits of asking for more vacation time versus settling for less pay.

Perks of More Vacation Time
According to a survey done by the U.S. Travel Associations, approximately 4 out of 10 Americans don't take all of their vacation days. Why? because they are frightened of taking time off work. They are not excited about the inbox of emails they will find when they return. In other cases, they are worried that taking time off will send a negative message to employers. However, vacation time is great for an individual and company for many reasons:

-Better physical health
-More productivity
-Closer family relationships
-Newer perspectives
-Increased mental power
-Lower chance of burn out

When a Lower Salary is Acceptable
While vacation time is important for your sanity, earning an adequate salary should always take priority. The recovering economy and tough job market makes financial incentive more important than ever. When evaluating a job or job offer, decide whether or not taking a pay cut is worth it for other compensations and benefits. Here are some of the few times to accept a lower salary:

-Making a career change
-If you need a work/life balance
-The new opportunity is better
-When costs and priorities all even out
-You've hit the salary ceiling

At South Sioux City Area Chamber of Commerce & Tourism, we are a local association looking to advance the business community in the Tri-State Area. We are always looking for input and involvement from local professionals. If you are interested in advancing Dakota County, contact South Sioux City Chamber of Commerce today! Browse our website or call 402-494-1626 for more details.