Salary Survey Extra: Most widely offered non-monetary compensation

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Salary Survey Extra is a series of dispatches that give added insight into the findings of our annual Salary Survey. These posts contain previously unpublished Salary Survey data.

Which non-monetary compensation items are part of your benefits package?We most often talk about compensation in terms of dollars and cents. Salary is the most visible, most directly quantifiable element of what any tech worker’s employer provides in exchange for hours worked and projects completed. Almost every worker in every profession, on the other hand, benefits from various types of non-monetary compensation.

We essentially lump all forms of non-monetary compensation together under the generic label “benefits,” which encompasses everything from retirement planning and vacation time to healthcare and tuition assistance. If you ever feel like you aren’t being paid as much as you’re worth, then it can be helpful to consider everything else that your employer is already putting on the table.

We always include a couple of questions about non-monetary compensation in the Salary Survey. Today we’re taking a look as some of your answers. More specifically, what are the most common forms or non-monetary compensation, both among certified IT professionals in United States, and among certified IT professionals in other nations?

ALL U.S. WORKERS
Type of Benefit — Percentage of surveyed workers who receive this benefit
Medical insurance — 95 percent
Paid time off (PTO) — 93.8 percent
Dental insurance — 91.3 percent
401(k) — 83.9 percent
Vision insurance — 87.8 percent
Sick time — 70 percent
Training or certification assistance — 66 percent
Flexible scheduling — 56.3 percent
Bonus or incentive programs — 50.3 percent
Tuition assistance — 52 percent
Pension or other retirement fund —  31.6 percent
Parking and transit assistance — 24 percent
Stock options — 21.7 percent
Child care — 17.8 percent

ALL NON-U.S. WORKERS
Type of Benefit — Percentage of surveyed workers who receive this benefit
Medical insurance — 69.6 percent
Sick time — 66.6 percent
Training or certification assistance — 59.6 percent
Paid time off (PTO) — 58.1 percent
Bonus or incentive programs — 52.5 percent
Pension or other retirement fund — 48.9 percent
Flexible scheduling — 42.8 percent
Dental insurance — 34.1 percent
Vision insurance — 20.4 percent
Parking and transit assistance — 19.9 percent
Stock options — 19.7 percent
Child care — 17.3 percent
Tuition assistance — 11.6 percent
401(k) — N/A

Almost all certified IT professionals in the United States can count on their employer for medical insurance, dental insurance, and paid time off. Vision insurance is a little less frequently provided, as is a 401(k), the key vehicle for retirement saving among most U.S. workers. It’s nice to see that support for employee training and certification efforts is as robust as it is.

There’s very little support for workers who need child care, on the other hand, and the glory days when tech hires got stock options almost automatically are clearly well behind us.

Medical insurance is the most common form of non-monetary compensation provided to non-U.S. workers, with sick time, training or certification assistance and paid time off also fairly widely available. U.S. tech workers contemplating moving to another country, however, should clearly not expect the same level or variety of benefits that they’re likely accustomed to.

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CertMag Staff

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Certification Magazine was launched in 1999 and remained in print until mid-2008. Publication was restarted on a quarterly basis in February 2014. Subscribe to CertMag here.

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