Where’s the money coming from (and where’s it going)?

Weak job market. Rising gas, food, and energy prices. Slumping stock market.

Suddenly, salary questions are getting a bit more complicated.

If ever there was a time to consider the broader job offer package and what it delivers, this is it. From flexible work hours to telecommuting, 401(k) matching to stock options, the base salary you get from your employer (or the one you offer to a prospective job candidate) is becoming less of a factor in the job decision these days.

Don’t get me wrong – base salary isn’t becoming irrelevant by any stretch of the imagination. I’m simply pointing out the fact that, in previous job surveys, quality of life plays a much higher role in job satisfaction than salary alone.

You probably knew that, but did you take it to the next level? Considering what’s going on in our economy, and knowing how expensive it is to find and recruit new talent, isn’t it that much more important to look at the whole pay package now?

And how much more satisfied will people be if their companies take into account the current economic situation when crafting job offers and reviewing best practices for benefits to existing employees?

Look at gas prices alone. Employees can literally save hundreds of dollars a month if they have a 9/80 or 4/40 work schedule; if the company promotes carpooling, vanpooling, or public transportation options; and if employees are allowed to telecommute one or two days a week.

Telecommuting still isn’t what you’d call “widely available” to people, but it could be with one simple tweak to expectations. Just set a goal. Say, “I’ll let you stay home to work today, but I want X, Y, and Z done to show for it.”

Check out this CNNMoney.com story to learn more about how folks are feeling in this economy….

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