As the new year approaches quickly, you may be inclined to make a change for yourself in terms of getting a new job. The process of getting a new job is not as easy for some as it is for others. However, once you do get the job, it is a great idea to negotiate your job offer to get more where you want to be in terms of your compensation and your career goals and aspirations. Keep reading to learn the best practices for negotiating a new job offer.
1. Do Your Research
In order to know exactly what your time and work is worth, you need to do your research. This does not mean you just search average salaries for your position on the internet. This means you research exactly the type of work you will be doing, analyze your goals for your financial future, and combine the two to negotiate further exactly what you will be worth at your new job. Your new employer should be open to a conversation regarding your salary and compensation package, and you may even be able to negotiate about other forms of compensation besides just your annual salary.
2. Compare Compensation to Responsibilities
When you are in the process of negotiating your new job offer with your potential employer, it is crucial that you ask how your compensation adds up with your responsibilities. You do not want to be in a position where you are doing more than you are compensated for, so it does not hurt to ask exactly how your employer and their team came up with the numbers for compensation that they proposed to you.
3. Get Everything in Writing
Once you have communicated your concerns and rationale for deserving more than what you were offered, you should ask your future employer for everything you confirmed in your meeting to be given to you in writing. Verbal commitments are great; however, it is best to have confidential information such as this in writing in case you need it for future reference. Having the initial conversation to negotiate your offer can be intimidating, but you will be better off in the long run if you initiate your expectations, value, and rationale for why you deserve what you asked for. Once you get this information negotiated, make sure it is written down and signed by the employer if need be.
As you can see, there are numerous things to do in order to get your job offer where you want it to be. Negotiating a job offer is not an easy task, but it can get you closer to where you want to be for the evolution of your career and financial future.
If you would like to learn about Eagle Grove Advisors and how we can help you meet your financial goals, schedule a time on my calendar here!