From the course: Negotiating Your Job Offer

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Common terms and factors in an offer

Common terms and factors in an offer

From the course: Negotiating Your Job Offer

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Common terms and factors in an offer

- Sometimes it seems as if you need to be a lawyer to understand an offer for employment. With an increase in small companies and start-ups, job offers today are more diverse than ever. Along with common terms like salary and bonus, it's becoming more common to be offered things like equity and unique benefits. Since each company develops their own set of perks and incentive based on their unique culture, it can be challenging to understand what you're really being offered. There are typically six key compensation factors to consider. Keep in mind that not all companies will offer you all six, but usually some combination of them. We'll review each one and discuss the types of questions you can ask if you don't fully understand its value. Let's start with the most familiar one, base pay. This is the one most of us already understand. Base pay is the total salary as well as when you will receive paychecks. For example, your base pay will be $75,000 annually paid monthly. Two, there…

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