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Should You Take Perks Instead of a Raise?


A recent survey shows that a higher percentage of employed workers are confident about their job security, as compared to six months ago, but that confidence doesn’t necessarily translate to more money in the bank.

time is money 

(Photo Credit: Tax Credits/Flickr)

The Harris Interactive survey found that 76 percent of employers were willing to offer more perks in order to keep employees happy, even if wages are nearly stagnant. In other words, you’re more likely to convince the boss to give you a flexible schedule or more vacation time than you are to get a raise.

Do You Know What You're Worth?

But should you take bennies instead of bucks? The answer, as always, is: it depends.

“We already know that women only negotiate their salary 7 percent of the time, and men negotiate 57 percent of the time,” career expert Kathy Caprino tells Fox Business. “If you are already behind, and not actively understanding what you are worth in the marketplace, and fighting for that, that may be an issue in considering taking flexibility over salary.”

On the other hand, if your company really is out of budgetary room for raises, asking for extra time off or a bit of flexibility might be the best you can do — and that might be enough. As Michelle Burleson points out in a post on WorkAwesome, some perks can actually boost your salary, today or down the line. For example, a title change can help you finagle extra cash when the economy improves or the next time you get a new job.

Tell Us What You Think

Would you ever perks instead of a higher salary? We want to hear from you! Leave a comment or join the discussion on Twitter.

Jen Hubley Luckwaldt
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