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Knowing Your Total Reward

For much of my career as a younger person, I was mostly concerned with salary at a job, along with the opportunities for my career. I really wanted to know how much money would hit my bank account and cared most about that. I also wanted to know if I would learn something or get a better title or work with a technology that might help me in the future. That drove me through quite a few jobs in my 20s and 30s, leaving some for more money and more opportunity.

As I got a family, I became more concerned about healthcare since that industry is a mess in the US. Often when I looked at a job, I perused other benefits but didn't give them much weight, mostly concerned with salary and the cost of medical insurance. I also somewhat cared about who I worked with (the team), but that was more for helping me choose between different jobs. It wasn't something I thought of as a reward, though I should have.

Recently one of our internal recruiters shared a post on LinkedIn talking about total reward. This was from an HR company, but I really liked the idea of total reward. There's not a lot to the post, but it noted that many HR and management think total rewards for employees are salary + benefits. It highlights that there is more, which includes all compensation (competitive + performance-based), work-life integration, career opportunities, supportive culture, and human-centric policies. There's a graphic that highlights this idea.

Early in the SQL Server Central days, Andy and I were talking about his job search and how he viewed the entire package. He cared about other things, often looking at certification or education compensation, time off, commute, and more. Some of those things were important to me, but they often were nice-to-haves next to the salary. The total compensation made more sense for him to evaluate, as employers sometimes have very different policies. He tried to put a monetary value on each benefit to compare them. He had one company that paid him for each certification he got, which added up to quite a bit of money on top of his salary when he got certified in most of the Office products.

Today I'm wondering if some of you think about your total reward from employment. Do you weigh in the different types of benefits you get? Can you put some value on a particular policy your employer offers? As an example, I made this choice years ago when a company in Denver offered me a fair salary and position. However, they were unwilling to let me work at home more than one day a week. At the time I had young children and I would lose 90 minutes every day to a commute. I countered with $15k less salary each year and 3 days of work at home. They declined and we went our separate ways. I was very happy with that decision, as my time had real value to me.

These days I think about the total compensation I get, with a lot of flexibility and autonomy, on top of interesting work and good compensation. I also think about stability and security, which are important to me since I really, really don't ever want to have to look for another job.

We should work to live our lives, and understand that while work is important and provides purpose, it's a part of our life. We spend a lot of time in our jobs, so we should ensure our total rewards are a fair trade for our time.

Steve Jones - SSC Editor

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