Money isn’t everything. Look beyond your salary offer to maximize your long-term earnings.
Published on Monster
Caroline Zaayer Kaufman, Monster contributor
Focus on long-term incentives such as stock options, restricted stock and phantom stock programs, says Mitch Wienick, president and CEO of Kelleher Associates in Wayne, Pennsylvania. “Anything that has a time horizon that exceeds a year is considered long term,” Wienick says.
Some options may become available to you over a number of years, so you should weigh how those will pay out at each interval, Wienick says. You might also consider what becomes of those options if you leave your position in two years; it might be negotiable whether or not you get to keep them for a time if you quit. read more