From the course: Negotiating Your Job Offer and Salary
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Getting the most out of your job offer
From the course: Negotiating Your Job Offer and Salary
Getting the most out of your job offer
- Now that you've received your offer package in writing, it may be tempting to just sign it. I'm going to challenge you to analyze if this package lags, meets, or exceeds your needs from a 10,000-foot level. Now remember, the first offer is a starting point for discussion. You can be grateful and still ask for more. Before doing this analysis, you need to understand the components of your offer package and what's negotiable. We're going to dive deep here because I want you to have a strong knowledge base, so stay with me. Now every company will offer different monetary and non-monetary rewards. Based on the company's retention strategy, their market positioning, and people culture, the offer will be unique. Let's go over six common components of an offer package. There's the base pay, bonuses and commission structure, paid time off and vacation days, job benefits, fringe benefits, and equity. First up is base pay. This breaks down how much you can expect annually and how often you'll…
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