4d ago (edited) in General discussion
馃殌 9 Things You Can Negotiate Besides Salary! 馃殌
Most job seekers only negotiate salary. And they leave money on the table as a result. Here are 9 other things you can ask for in a job offer: First, let's start with some context on when to use these options. Let's say you want a $120k base. The company offers $100k and won't budge. That's a $20k gap! If you accept? You miss out on $20k. But if you bring other options to the table? You can close that gap. That's where these alternatives come into play.
Option #1: Bonuses Bonuses are great ways to put more dollars in your pocket. They're also an easier sell because the company only pays out if you meet or exceed expectations. Extra credit if you can negotiate accelerators for beating your goals.
Option #2: Equity Equity can also lead to more $ in your pocket, but the risk / reward variance is larger. You need to do your due diligence on the company first. If you feel like they have a clear path to IPO / acquisition / growth? Go for it.
Option #3: Paid Time Off Working less while getting paid is the dream, right? That's what more PTO gets you. But that's not all. The company owes you for PTO you've accrued. If you leave the company with unused days? They send you a check for that time.
Option #4: Job Title Job titles are arbitrary unless you can snag a "tier leap." Tiers include: IC, Manager, Director, VP, and C-Level. If you can negotiate your title up a tier? You'll be eligible for more senior roles down the road. That'll boost your future earnings.
Option #5: WFH Stipend Want to upgrade your home office? Or have the company cover some of your internet costs? Or get out of the house with a stipend for a co-working space? All of those are things that you can (and should) ask for if you're going to be a remote employee.
Option #6: Commuting Costs Going back to the office costs time and money. Transportation, gas, and parking usually aren't free. You can ask companies to help cover them.
Option #7: Continuing Education Learning new skills and honing existing ones is an easy way to increase your value as an employee. Why not do that on the company dime? Ask if the company has a budget for continuing education or if they'd be willing to create one for you.
Option #8: Mentorship There's no better way to accelerate your growth than to learn from the best. But you probably didn't think you could negotiate that, did you. Well, you can! Don't be afraid to ask for time with certain leaders and individuals as part of your package.
Option #9: Relocation Costs Do you have to move for this role? That's expensive! It'd be one thing if the company totally blew you away with their offer. But if we're negotiating? Don't be afraid to make up the gap by asking for a relocation stipend.
So, next time you're negotiating for a new role? Don't stop if the company won't budge on base. Use some of these options to boost that offer value!
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馃殌 9 Things You Can Negotiate Besides Salary! 馃殌
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