Salary, Job Offers, & Negotiation
When to Negotiate and Why
You should negotiate when you have a reason to do so. Is the salary lower than you feel is reasonable for your skills and experience? Are there benefits you would like to see that are not initially offered? Are you concerned about equity issues?
Remember, there is always some risk in negotiation. Take time to review the tips below and practice your negotiation strategy so that you can project a professional image to your future employer while advocating for yourself appropriately. Make an appointment with the Career Center for individual coaching on this process. Also, Powercat Financial also has great resources and support for salary negotiation and transitioning to work.
Steps for Negotiation
Frequently Asked Questions
Benefits are a significant part of your overall compensation package. While not all benefits are negotiable, it is important to evaluate them carefully and be sure that you understand what is being offered.
Here are some common benefits that organizations may offer:
- Health Insurance: Find out what you will pay in premiums and out of pocket. While this may not be negotiable, it can help you if choosing between offers. Significant out of pocket amounts can put a dent in your salary.
- Retirement Benefits: Does the company match contributions? When does this begin? Consult with PowerCat Financial if you have questions about whether your offer of retirement benefits is standard.
- Paid Time Off (PTO): Includes vacation, sick/disability leave, and family leave. How often do you accrue leave? When can you start using it?
- Moving Expenses: If you would need to re-locate for a job, you could try negotiating moving expenses. If you don’t have to re-locate and this is part of a standard offer, it might be possible to negotiate for the moving allotment to be added as a one-time bonus or addition to your salary.
- Continuing Education: Will the company help with the cost of additional training or advanced degrees?
- Remote Work Options: Are there policies in place? Is this an option that can be negotiated?