Tuesday, April 04, 2006

Working at a large company has its benefits

I used to work at a large company, one of the top 5 banks in the U.S. There were a lot of good benefits from working there.
1. Cheaper Health Benefits - it because my employer was more generous, or it might be because they got a better deal since they have so many employees
2. Employee Discounts - from the bank itself, from 4-5 different cell phone companies, museums, etc. (Now I work for a much smaller company and we still get cell phone discounts, but only from 2 carriers
3. Established Retirement Program - my company administered their own retirement program, so the money went in much quicker (right now it takes a couple of days to post - I'm not sure if this is because of my employer or our retirement program administrator)
4. Easier to change jobs without changing companies - the main reason this is a benefit is if you have 401K money that needs to vest or a pension plan. I had several co-workers change jobs within the company.

When evaluating a new job offer, don't forget to look at the benefits. They can add up to a lot over the long run.


Chitown said...

I work at a pretty big bank here in Chicago and I can completely agree with this post. Good points!!!

Anonymous said...

Another benefit offered by large companies, but rarely by small ones: Education. Sometimes it's only training, but often companies will bankroll an MBA or other career-related degree. If you work for a college or university, you can take non-career related classes for free or almost free.