In this video Christine DiDonato outlines the six most common terms and factors in a job offer. Learn what questions to ask if you don't understand the value of each factor. Today’s job offers are more diverse than ever. Job offers are also changing making it difficult to understand what the value is beyond a salary amount. Understand paid time off, equity and stock options as part of the total compensation package
- 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 could also be bonus pay.…This can be a guaranteed amount with a specified time line…
- Analyze a position and salary range.
- Define what you want from a new position.
- Evaluate a job offer.
- Identify tactics and myths for negotiating salary.
- Prepare for negotiating in special situations.
- Assess the best way to give notice at your old job.