So, I am a currently a teacher, but I recently got a master's degree in educational administration, and I've been looking into other job options, both in the public and private sectors. I applied for a management position with a local tutoring/test prep agency, and after several interviews/conversations, I felt really good about my fit with the job/organization. When I inquired about salary and benefits, I found out they did not offer health insurance (which I knew was possible as a small organization, but it's a big deal because I'm the only one employed for my family). I was told their salaries were adjusted to include purchase on the marketplace. They talked about wanting to pay their employees well and share the wealth, and they just moved into a large, fancy new office space, suggesting they are doing quite well.
However, I was underwhelmed with the offer.
The salary was just under $70k, but $10k was deferred compensation to be paid at the end of the school year. They also offered 3% 401k matching, and annual bonuses somewhere between 5-20% of salary.
For reference, in my current position my salary is around $55k, but for only 9.5 months of work, since I have summers off. I also get 6% matching retirement savings, $2500 in bonuses, and over $17k in benefits of health/dental premiums.
My thought is, if I'm making $55k for 9.5 months, then I should expect to be paid at that same rate for a 12 month position, meaning around $70k base salary, plus benefits. Therefore, I countered that I would need between $85k-$95k base salary in order to make this position worth it.
Their response was that as a private company they couldn't really be expected to compare with public benefits. They said they pay more than market rate and their competitors, and unlike in public education, they don't have caps or restraints for how fast or how much your salary can grow. The suggestion seemed to be that if I stuck with them, I would receive a much higher salary in the long run. It certainly is tempting to think what the salary/bonuses could end up being in the future. However, for now, it means working more months of a the year for less in total compensation than I am currently receiving.
I told them I couldn't accept their offer, and they never countered with anything higher, so I walked away. Now I am just wondering if I missed something?
Submitted June 05, 2019 at 10:57PM by ActualComputer http://bit.ly/2wClcTD
