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Which is Better? Higher pay or better benefits?

May 23, 2015   

In the past few years, one of the issues that has plagued the employment world is definitely the battle between higher pay or better benefits. People always want to have the best of both worlds, but most of the time this just will not happen, and instead they are stuck with one of the two, which in the end is not that big of a deal to be honest.

Of course, when you do need to take a decision and opt for one of the two, this is where things tend to get a little complicated. Higher pay is important, because we do get a job so that we can have money and engage ourselves in a variety of experiences and at the same time provide support for our family. Higher pay is very important at all times, as thanks to it we can afford more things, purchase items and so on.

On the other hand, a higher pay does come with a few mishaps. For example, if you have a higher pay, then sometimes this will lack all the benefits, something that most of the time is not ok. You will then have to find a way to pay these benefits yourself, which means that you will use the higher pay to cover expenses, something that in the end might bring you back to a similar outcome.

Benefits are equally as important, in fact, when you do consider a job offer, you will need to study the whole package, and not only the salary, as you might miss some essential things.

Through benefits, you will receive things such as dental, medical and insurance coverage, not to mention that at the same time you will have the opportunity to figure out the best way to retire as well, through some great retirement plans.

Having such a coverage in case anything happens is a very good thing and this is why many persons are actually choosing better benefits instead of a higher pay. It’s supposed to be expected because normally you will have to pay a lot of money on your own in order to cover such expenses, especially in the case of insurance. Through work benefits, any person can save money, so this is why most persons tend to settle with the a lower pay, as long as these benefits are included into the package.

Sure, this doesn’t happen all the time, as you will encounter multiple situations in which great salaries come with a good benefit package as well. However, most of the time people have to choose between higher pay or a better set of benefits, and in this regard better benefits seems to be the obvious choice. A good thing, considering that it’s more important to be protected from harm with medical or long term benefits instead of receive more pay and having to cover those expenses on your own!

Senior Systems Developer – Cloud Solutions, Software & Web Sydney Australia