What’s the single best perk you can negotiate for next year? A 2% raise? Maybe. A better 401(k) or pension contribution? That’s always nice. But if you really want to crank up your skills for next year, ask for a learning budget.
What’s a learning budget?
A learning budget is simply an amount of money set aside by your employer to pay for your skills to be improved. When I was in private practice, they called it a “book budget,” but it could also be spent on electronic books, magazines, or trade publications that would enhance my ability to do my job effectively.
How much should I ask for?
I’ve seen learning budgets range from $50 - $1500. The average is about $250. It may be easier to get budget if you ask for a specific resource(s) – say, $400 to attend four SCCE webinars or $300 to attend the updated Wildly STRATEGIC Compliance Officer Academy online course. You might also consider asking for services with a monthly cost, like a subscription to the Wall Street Journal, which will be a small monthly fee but will give you great new content every day.
If your learning budget is big enough, you may be able to use it to take you to conferences like the fabulous SCCE European Compliance and Ethics Institute (March in Frankfurt!) or other compliance-related events. Books, magazines, trade publications, webinars, conferences – the choices are endless.
What should I spend it on?Read More