Don't Leave $ on the Table


One of the most important points to be mindful of is your compensation package. It must be something that you think about from the beginning of your job search.


“The biggest mistake I ever made, and it’s one I’ve made even after becoming a recruiter, was not to negotiate,” wrote Ed Han, talent acquisition specialist. Recruiters expect you to negotiate.


Many good negotiators seek to have multiple issues in play while bargaining in order to create opportunities. Identify what is most important to you and think of each as a chit to move around the game board as you trade those options to achieve a meaningful goal.


According to NEGOTIABLE, consider these five areas when preparing your strategy.


COMPENSATION:

· Salary

· Performance bonus

· Profit sharing

· Equity or stock options

· Signing bonus

BENEFITS:

· Healthcare

· Childcare

· Insurance

· Retirement options

· Vacation

· Paid/unpaid leave options

· Computer/phone/other equipment

· Car/transit/parking

· Relocation/moving expenses

ROLE and JOB SCOPE:

· Title

· Supervisor/Supervisee(s)

· Location(s)

· Remote work/flexibility

· Expected travel

TIMING:

· Start date

· When you will work/Days and hours

DEVELOPMENT and GROWTH

· Timeline for review/promotion

· Access to mentors

· Support for development activities/certifications


If you don’t ask, you don’t get, so prepare to be the best advocate for yourself. In a study cited by Linda Babcock and Sara Laschever, authors of Women Don’t Ask, if a woman doesn’t push to ask for more money in her first job, she stands to lose more than $500k by the time she reaches age 60. That’s a huge and unnecessary economic loss.


However comfortable you assumed you were with choice and change, it may morph into overwhelming anxiety that was never anticipated. This makes it the ideal time to engage the support of a career coach with experience in helping professionals achieve better, faster, results. At KICKSTART Your Transition we offer a broad range of services to fit your needs.


©MWeisner2022



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