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Home Page –› Careers & Employment –› Jobs & Employment Fields
 

Job Offers and Pay Negotiations

 

Author: Peter Fisher

When you first get the job offer it will often be a verbal offer and is likely to be subject to taking up references and perhaps even a medical examination.

So never say you are accepting a job offer, or resign from your present job until you have received a formal offer in writing for the new position. Occasionally, after an interview, employers try to shorten their process by asking if you will accept the job there and then. It's flattering and gratifying to know they like you enough to make an offer but be very careful or you may find yourself caught out with no job.

You should be careful in your response and if you are interested say I would like to accept it but please confirm your offer in writing and I will then confirm with you.

A formal job offer should include all these points:

job title

pay

benefits

normal hours of work

place of work

holiday entitlement

notice period

If something is not covered, you need to find out what it is as you will not be able to make your decision without this information. And dont wait until you start work to raise any outstanding queries. It will be far too late to discuss or negotiate anything else by then.

Check your job offer letter carefully against what you understood was being offered, and dont sign the acceptance letter unless you are fully satisfied with it. You still have time to raise any questions.

As the job offer letter forms the basis of your new contract, you need to be sure. And finally, dont accept the first job you are offered unless its the right one.

PAY NEGOTIATION

At interview, it's too soon to get involved in in-depth discussions of money and perks unless you are sure that the company wants you rather than one of the other candidates in other words, once they have offered you the job. When you know they are prepared to buy then you have room to start and negotiate.

KNOW YOUR NEEDS

Consider your current or last remuneration package in other words, not only your pay, but things like benefits, pension, bonus, private health insurance, overtime payments, car loan and whether you have additional expenses because of the location of the new job.

KNOW THE MARKET

Use the internet to gather information so that you know the market value of someone with your skills. What are the industry averages for your level of responsibility and type of work?

KNOW HOW TO TALK ABOUT PAY

If you are pushed at an early stage to discuss your pay expectations, say that you would like to come back to this when you have more information about the job demands and responsibilities. Or you could give a very general indication of what your pay expectations are whilst confirming your interest and enthusiasm for the job.

If you are already on the market, beware of firms trying to get you below your market worth. You must be ready to justify why you are worth more because of your skills and experience, and reassure them that you are not just looking for a stepping-stone.

If they ask you what you are prepared to accept always say: I have an idea but what do you have in mind? so that they name the figure first.

If the pay offered is lower than your expectations, start to negotiate. Start your negotiating with the salary itself and emphasise that whilst the pay is not as important as the opportunity and the challenge of the job, it is important; and then proceed to the benefits package. Be prepared to negotiate a compromise. If it looks as if you are not going to reach a compromise, make sure you still sign off on a pleasant note. They may come back to you later with a better offer or remember you favourably when a bigger job comes up.

Always aim to leave a positive image!

Author Bio:

Peter Fisher

Peter Fisher is Managing Director of Career Consulting Limited. With over 25 years helping people and organizations with career and employment issues he can help you with your career issues. These issues range from management skills to self-marketing to interview preparation and CV/Resume Writing. Beyond this they include 'Leadership' and 'Public Speaking' as well as 'Negotiation Tips' with 'Stress Management', 'Positive Attitude' and 'Motivation' also being covered in depth.

You can also reach this article by using: Job Offers and Pay Negotiations, Careers & Employment, Jobs & Employment Fields
 
 
 

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