Everyone wants more money. That’s a given. But when you’re not sure you can get more money from your boss after your annual review or from a potential employer, there are other perks for which you can negotiate. Here are six incentives you can request instead of (or in addition to!) more money that will leave both you and your company’s bottom line happy. Just be sure to get these agreements in writing to avoid an HR headache later!
1. More flexible hours. Have a late-night hobby on Mondays that leaves you exhausted on Tuesday mornings? If your work isn’t time-sensitive or tied to a specific shift, ask if you can do a 10-to-6 shift that day instead of your usual 9-to-5. If you’re responsible the rest of the time, she likely won’t mind a bit.
2. Severance pay. This is an especially good idea if you’re at a startup that may not last too long.
3. Parental leave. If you plan on starting a family or expanding the one you have already, this is super-important to learn about up front, not just for you, but also for your company’s success. Have a clear plan and a clear understanding of what you each expect from one another.
4. More vacation time! And dude, use it, especially if your salary sucks.
5. A telecommuting option. Even if it’s just a day or two a week, the time and money you’d otherwise spend getting to and from work can be used for other things, like getting a head start on ongoing projects or watching Maury on your couch without pants.
6. A new, better title. Even if more money doesn’t come with it, sometimes the title change alone can change how you’re perceived—and how much money other future employers may offer if you decide to leave.