From the course: Negotiating Your Job Offer

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Evaluate total compensation

Evaluate total compensation

From the course: Negotiating Your Job Offer

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Evaluate total compensation

- You've just received an offer and had time to review the details, but how do you know if this is the right job for you? Starting a new job at a new company or department is a big decision. At first an offer might look good. You may be excited about the pay, the title, or even the company itself. But at this stage in the process, it's time to ask yourself, is this job the right fit for me? If I take it, what am I gaining and what might I be losing? Do these things align to my must-haves or the things I believe are the driving factors for me to make a job change? If it doesn't a hundred percent, what am I willing to trade off or give up? For example, if you value stability and security, a good offer for you would have a competitive base pay, strong fringe benefits, and a potential bonus opportunity. An offer weighted heavily on equity or stock options may not meet this need if you're taking a reduction in base pay. I'm going to share with you the questions that I ask people I'm…

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