Here's how you can secure a comprehensive compensation package beyond salary in workplace design.
Navigating the landscape of workplace design, you might find that salary is not the only element of a compensation package to consider. Securing a comprehensive package requires a keen understanding of the value you bring and the additional benefits that can complement your financial remuneration. Workplace design is not just about creating aesthetically pleasing environments; it's about crafting spaces that enhance productivity and well-being. As such, professionals in this field are in a unique position to negotiate for benefits that reflect the holistic nature of their work.
When discussing compensation, health benefits are a critical component. You should inquire about comprehensive health insurance that covers not just the basics, but also offers wellness programs, mental health support, and alternative therapies. Given the creative and sometimes stressful nature of workplace design, having access to resources that support your overall well-being can be just as valuable as a high salary. Remember, your health is your wealth, and negotiating for a robust health package can pay dividends in your personal and professional life.
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Diwakar Singh
Head - Total Rewards and Compensation Benefits at Air Works Group | ISTD POSH Certified I Great Managers Award Top 100 T A Pai 2023 I Topmost Influential C & B Leader (India) 2024 World HRD Congress
We should focus on thinking about the things that would make work awesome, besides just the salary. Maybe it's learning new skills, having a healthy work-life balance, may be a priority for anyone of us, When a company offers you a job, don't just focus on the salary. Ask about things like health insurance, paid time off, or even opting for hybrid options..
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Despriya Das
Deputy Manager - HR & Admin at MSP Steel & Power Ltd
Right Sir, Salary is necessary for maintaining a good societal life. But Work life balance & Health life balance are required for a happy living.
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Rajashree Sengupta
Senior Manager - Total Rewards
In the deluge of workplace millennials and Gen Zs, the workplace is way more than financial stability. A healthy workplace thrives with physical, mental and emotional wellness. Engaging employees through wellness initiatives, creating a community and emotional well being go a long way today. Flexible health and subsidized insurance top ups, gym benefits differentiate the brand from the rest.
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Felipe de Oliveira Garzlaff
Remuneração | Performance | Estrutura | Carreira | Cargos | Incentivos de Curto e Longo Prazo | Gestão de Pessoas | Orçamento | Indicadores | Benefícios | Consultoria de RH
Tão importante quanto, um salário atrativo e competitivo junto ao mercado de trabalho, oferecer benefícios de qualidade como um plano de saúde com uma boa rede de cobertura, com programas de saúde e bem estar para o colaborador(a) e sua família é fundamental para ser atrativo e também reter o colaborador.
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Andrey Merinov
Canadian and Global Benefit and Pension Plans management, Disability and Wellness, Vendor and Contract management.
With ever changing workforce demographics, flood of baby boomers retirement soon, and more and more dominant younger generation workforce, companies have to be very creative with choosing the options that would attract and retain the much needed professionals. The old school perks such as benefits and pension do not work well for younger generation, who would rather prefer flexibility and wellness, learning and professional growth, education and mentorship. Knowing well the needs of your workforce and availability of a wide range of all options is the key to tailor your programs and offerings to the ever changing needs.
In the realm of benefits, don't overlook retirement plans like a 401(k) or other pension schemes. These plans are essential for long-term financial health. Inquire if your employer offers matching contributions, which can significantly enhance your retirement savings. As a workplace designer, you understand the importance of planning and foresight in crafting spaces; apply the same principles to your financial future. A strong retirement plan can be a cornerstone of your compensation package, ensuring peace of mind as you progress through your career.
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Noel Anderson, NQPA
VP Executive Benefits at Madison Brokerage
Long term incentive, RSU & PSU, and NQDC provide valuable retention and retirement benefits. Look beyond your 401k and 403b to something discretionary, to keep the right people around for the right amount of time.
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Rajashree Sengupta
Senior Manager - Total Rewards
Focusing on diverse workplace age groups, retirement benefits lay the foundation of a long term employee-employer relationship. In addition to traditional retirement benefits like Provident Fund, exploring schemes like NPS allow greater options to customise employee needs.
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Felipe de Oliveira Garzlaff
Remuneração | Performance | Estrutura | Carreira | Cargos | Incentivos de Curto e Longo Prazo | Gestão de Pessoas | Orçamento | Indicadores | Benefícios | Consultoria de RH
Olhando para as diversas faixas etárias no ambiente de trabalho, os planos de aposentadoria alinhados com benefícios como fundo de aposentadoria, previdência privada, podem estabelecer uma relação de duradoura entre empregado-empregador
Flexibility in work hours can be a game-changer, especially in a field as dynamic as workplace design. Negotiate for the ability to set your own hours or to work remotely when necessary. This flexibility can lead to increased productivity and a better work-life balance, which is invaluable. As someone who designs workspaces for optimal efficiency and comfort, you can appreciate the benefits of an adaptable schedule that allows you to work when and where you're most effective.
Don't forget to negotiate for opportunities that contribute to your professional development. This can include funds for continuing education, attendance at industry conferences, or memberships to professional organizations. As a workplace designer, staying at the forefront of design trends and best practices is crucial. Investing in your growth not only enhances your capabilities but also signals to employers your commitment to excellence and innovation in the field.
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Rajashree Sengupta
Senior Manager - Total Rewards
Exposure to stretch projects ignite the 'good' stress and enable better performance. Coaching here plays a crucial role to offer a safe space to extend beyond the 'typical' ask. Growth fosters redefining and evolving one's job role.
While base salary is important, discussing bonus potential can also be part of your compensation package. Performance bonuses, profit-sharing plans, or project completion bonuses can provide additional financial incentives. As a workplace designer, your work can directly impact a company's productivity and culture, making you a valuable asset. Negotiate for bonuses that reflect the tangible results of your efforts and the success you bring to the organization.
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Felipe de Oliveira Garzlaff
Remuneração | Performance | Estrutura | Carreira | Cargos | Incentivos de Curto e Longo Prazo | Gestão de Pessoas | Orçamento | Indicadores | Benefícios | Consultoria de RH
Os benefícios que englobam remuneração variável, como PPR, Bônus, ILP, ICP são incentivos financeiros que se somados ao total cash, torna o pacote salarial atrativo, além de estimular a produtividade e eficiência das entregas, contribuem para o crescimento da empresa.
Lastly, consider negotiating for equity options, such as stock options or grants, particularly if you're working with startups or companies poised for growth. Equity can be a significant part of your compensation, offering a share in the company's future success. As you contribute to creating an environment that fosters growth and innovation through your designs, having a stake in the company aligns your interests with its long-term success and can be extremely rewarding financially.
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Rajashree Sengupta
Senior Manager - Total Rewards
The best way to experience the growth is feeling a sense of advancement every day. Have I learnt or realised something new today? When you thumbs up mostly, you're on the path of growth. Otherwise, your answer would be somewhere up here!
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