How do you compare two job offers when one has higher pay but worse benefits

To compare two job offers, move beyond base salary and use a seven-factor scoring matrix to evaluate each offer on a scale of 1 to 10^[6]. Start by calculating your total compensation, which includes base salary, bonuses, and the actual value of equity^[1]^[6]. Factor in health insurance premiums and deductibles, as a plan with a lower monthly cost may have higher out-of-pocket expenses that change the real value^[6]. Quantify non-salary items like commute time or remote work costs as a salary equivalent, and remember that benefits like retirement matches and paid time off are significant components of your total financial package^[2]^[6].

Would you like to see a template for your scoring matrix?

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