Newsletter: August 3

Benefits to look out for besides salary đź‘€

August 03, 2022

TECLA connects the best tech talent in Latin America with the best remote-ok technology companies in the U.S., Canada, and Europe. If you want to upgrade your career, keep reading!

ESO, Stipends, PTO

  Are these words familiar to you? Once your salary expectations are matched, watch out for these benefits, they will definitely tilt the scales in your decision. Here's why  

You may believe that since you won't be physically present in the offices when you apply for remote jobs in the United States, Canada, or Europe, your only compensation will be your income. Nowadays, this couldn't be any further from the truth. Our founder, Gino, shares his perspective about the Latin American market: "North American companies have trampled each other, offering better perks, salary, benefits, and equity to LatAm talent. Based on our research at TECLA, candidates are receiving anywhere from 10-15 offers from recruiters every month." You can read the full article here. There is definitely a demand, and with it comes a set of benefits that go beyond salary. Let's take a look at some of them so you can make the best decision when you are offered a remote job. 

  Employee Stock Options

Or popularly called: ESO. These are a benefit often associated with startup companies. The stock options offered come in the form of regular call options and allow employees to purchase their organization’s stocks at a specified price and time.

How do I know if this will benefit me? First, make sure your salary expectations are matched. Since you can't control the stock value once the company goes public, take ESO as a bonus. We have a great video that dives deeper into ESO. 

ESO are a plus, make sure you are negotiating your salary to match your expectations. 

  Stipends

They usually come in the form of education stipends, hardware stipends, and health stipends. It's a non-monetary bonus that has a positive impact on your well-being and career development. This includes scholarships to study, fully paid seminars, new equipment or remote office refurbishment, gym memberships, access to paid health apps, and so on. When you add up your gym, equipment, and school expenses, stipends are a great way to alleviate those costs. It will eventually help you save your income for you to use on other aspects of your life. 

  Paid Time Off

The famous PTO. It is generally used to describe any period of time that an employee is paid while taking leave from work.  It combines all of an employee's paid sick days, personal days, and vacation time.Should I keep an eye on this? Yes, especially when you see on the job description "generous PTO." Generous is not a quantity measure, so make sure before accepting the offer that you are aware of the number of days you have off and the length of the PTO periods. Depending on the company, sick days are not counted as PTO as well as local holidays. Our advice is to ask how the PTO is distributed and what types of leave are included.

Remember to take and enjoy your PTO

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