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Unpacking Total Rewards: A Deep Dive with Expert LeChez Solages | Ep. 323
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Today, we're thrilled to have LeChez Solages join us to discuss a vital yet often overlooked aspect of career progression: understanding total rewards. LeChez, who also co-hosts the Your Corporate IQ podcast, brings a wealth of knowledge about negotiating job offers and strategizing career moves.
Today, she’s here to help us look beyond the salary and consider the complete package, including work environment, benefits, bonuses, and even stock options. So, if you're currently navigating job offers or planning your next career move, turn up the volume—this episode is packed with invaluable insights to ensure you make well-informed decisions that align with both your financial goals and lifestyle needs.
Get ready to expand your understanding of what truly constitutes a rewarding job offer!
About Our Guest
LeChez Solages is a Talent Acquisition Strategist, DEI Global Leader, and Career Coach with over 10 years of corporate experience. LeChez has helped Fortune 500 companies such as Marriott International, Volvo Group, and Robert Half International achieve their talent acquisition and DEI initiative goals.
She advocates for sustainable DEI hiring and career development programs supported by mentorship and sponsorship. She strives to amplify Black voices and serve her community with corporate navigation coaching. She holds a bachelor’s degree in mass communications from Towson University and currently resides in the DC metropolitan area. LeChez served on the board for Carlisle Young Professionals and is a graduate of the Leadership Cumberland Fellow Program.
Connect with LeChez
Website: https://yourcorporateiq.com
LinkedIn: LeChez Solages
Connect with Tiffany
Website: https://www.moneytalkwitht.com
Facebook: Money Talk With Tiff
Twitter: @moneytalkwitht
Instagram: @moneytalkwitht
LinkedIn: Tiffany Grant
YouTube: Money Talk With Tiff
Pinterest: @moneytalkwitht
TikTok: @moneytalkwitht
Timestamps
[00:00] Consider salary, lifestyle, and willingness to adapt.
[05:35] Conduct research on potential employers for confidence.
[08:12] Remote, hybrid, onsite work arrangements in pandemic.
[11:11] Recruiters face challenges with stock and bonuses.
[14:55] Podcast covers career advice and negotiation tips.
[16:40] Expresses gratitude and promises comprehensive show notes.
Key Points Discussed
1. Understanding Total Rewards:
- LeChez explains that total rewards encompass not just the salary but also the scope of work, work environment and culture, work arrangements (remote, hybrid, onsite), medical benefits, and other perks such as bonuses and stock options.
2. Evaluating the Entire Offer Package:
- Importance of not focusing solely on salary.
- Importance of understanding all components of the offer to meet both basic and lifestyle needs.
3. Negotiating Job Offers:
- Tips on assessing whether to accept a pay cut.
- Importance of factoring in job satisfaction, company culture, and other non-monetary perks when considering an offer.
4. Company Culture and Fit:
- Strategies to evaluate company culture including informational interviews.
- Importance of finding a work environment that aligns with one's preferences and values.
5. Remote vs. Onsite Work Preferences:
- Discussion on how work arrangements affect job satisfaction and personal flexibility.
- Strategies for negotiating start dates around bonus cycles and understanding company policies for vacation payouts.
6. Additional Perks and Benefits:
- The significance of bonus structures, stock options, and other financial incentives.
- Understanding and not overlooking these perks when evaluating a job offer.
Additional Links & Resources
- Myers & Briggs Foundation
- Increase Your Corporate IQ With Tangil Johnson | Ep. 269
- Boost Your Career With Personal Branding: What You Need To Know! | Ep. 241
- How To Become A Better Negotiator So They Can’t Say No
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