What will you choose?More benefits or Higher compensation?
March 16, 2009 3:03am CST
At present,my sister is working at one company in Australia as a company nurse, her compensation was a bit more higher than other companies can offer but the problem was her benefits is not as much as other companies can offer,at present she was thinking if she will resign at her present job and transfer to another company that can offer more benefits than the company where she is working at present, I told her that it's a better idea but she was still confused. Any suggestions to help her decide?please? Thanks people..
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21 Mar 09
Receiving better benefits while working is an advantage over those who are working without receiving any benefits at all with low compensation. It is better if she would transfer to another company which offers a higher benefits than compensation because benefits really healps us when we retire from our works. Benefits like Health Insurance and Life Insurance is really important because we just don't know what will happen to us when we are at work.
21 Mar 09
Choosing between better compensation but less benefits and better benefits but low compensation is just the same. All companies are being required by law to have benefits like the, thirteeth month pay, paid vacation leave, Social Security Benefits, Paternity Leave, MAternity LEave, Philhealth, and PAG-IBIG Fund. The employee should see first the benefits as well as compensation that a company offers before applying to such company.
16 Mar 09
It is more or less the same. If you get better compensation but less benefits then it is recognizing your service equally. You need to check what kind of benefits they offer. Does that benefit meets your requirements. Of course all employment have the basic benefits of medical, year end bonus and leave. This is within the labour law requirements. So what else do you need extra benefit for? I think if a company pays me well together with that basic benefits I will just be happy to stay put. Aren't we looking for better pay over benefits? Good benefits if not utilized is a waste and I better look for those that pays well. As we all work for money and not for those extra benefits. We might as well earn that money to be deposited in banks to double it quickly.
16 Mar 09
She really needs to value the benefits versus the compensation. If the overall value to her is higher in the form of benefits she should consider that. At the same time in the present eonomic conditions, benefits are the first to get reduced as companies try to reduce thier spending.