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September 18, 2018
138: Salaries and bonuses

In a slight change to our usual series on design careers, in this episode we talk about the compensation packages we have been offered at varying stages of our careers. How can you negotiate to get the most out of your compensation package, and what can be included? Find out how we have used our compensation packages to our benefit.

key takeaways

Don’t be afraid to negotiate your compensation package. The package is not just an addition to your salary, it is something that you can negotiate. If you are offered equity, it is a good place to start the negotiations.

Your salary is not just about a number written on a piece of paper. The compensation package in a job can go a long way in helping you to create the kind of lifestyle that you want. You should evaluate the compensation package and the salary offer as a whole.

Don’t get too hung up on bonuses. Make sure that the salary, by itself, can support you and your lifestyle. At the end of the day, you need to be able to pay your bills whether you get that bonus or not.

Make use of the compensation package you are offered. If there is a wellness or education stipend included in the package, use it to your benefit. Too many people don’t use their compensation package in its entirety, if you leave it go to waste you might as well not have it in the first place.

show timestamps

01.46 – Catch up

06.00 – How this topic came about

10.00 – Compensation in the Netherlands

13.58 – Bonuses

19.40 – Non monetary compensation

30.52 – Company retreats

show links