Next time you're assessing a job offer, don't focus solely on salary. The value of benefits that are (or aren't) on offer could make a big difference to your bottom line.
Wide variations in benefits mean that two workers earning the same pay may have very different levels of total compensation, according to a new report from The Pew Charitable Trusts. The higher a worker's pay, the more valuable the benefits received — and the wider the potential gap.
Someone earning roughly $15 per hour, for example, receives benefits worth another $6.10 per hour. The report found a quarter of those workers received less than $4 in added benefits, however, while another quarter received more than $8.
"Differences in financial security could really be stark," said Sarah Sattelmeyer, an officer on The Pew Charitable Trusts' financial security and mobility team, in a press briefing Wednesday.