Employment Negotiations
August 24th 2006 00:22
These are a few ideas to give some serious consideration before you head into a job interview and get into the nitty gritty of your employment conditions.
1. Determine what's most important.
What are your deal-breakers? Before you begin discussions, be clear about areas where you won't budge. This may include salary or employment benefits such as a company car, travel expenses, relocation costs and review periods. Establish your baseline salary and benefits package.
2. Know what you earn and how your offer compares to other pay rates in similar companies.
Check the local paper for similar job advertisement as your and see what the general range of pay rates are advertised as. This will help you establish your worth with the company and you’ll be able to evaluate if you’re being paid sufficiently. Also take note of any packages or employment benefits that are included in the advertisement. Add these additional benefits into the total worth of your employment package. Checking other jobs will establish the likely pay arrangement for your field. Some employers will pay by an hourly or daily rate. Others will offer an annual salary. When it comes to advertised pay scales they usually reflect the experience and suitability of the candidate. The more experience you’ve got, the more likely it is that you’ll side into the position faster and realize your worth faster for the company. This is rewarded by a salary in the higher bracket of the advertised pay scale.
3. Determine leave, sick and vacation arrangements.
With the shake up of employment conditions knowing your rights and employment conditions have never been more important. A lot of employment is now shifting towards contract employment. This generally gives greater flexibility to the employer to legally lay-off employees and not compensate for holiday or sick pay. Make a point of carefully checking your employment conditions. Pay particular attention to how employment termination and time off compensation is handled. If you’re employed as a contractor it is important to look at insurance issues as well. Have a look at the type of work you’ll be expected to do and ensure that there is some sort of legal protection between you and an angry customer suing. As a contractor, a employer may be able to palm off litigation to their contracted employees. Occupational insurance is also something to consider. Make sure you are covered if you should trip on some stairs and be incapacitated for a period of time. Where the company is not providing protection, you should be compensated with a higher rate of pay to cover insurance and holiday pay needs.
1. Determine what's most important.
What are your deal-breakers? Before you begin discussions, be clear about areas where you won't budge. This may include salary or employment benefits such as a company car, travel expenses, relocation costs and review periods. Establish your baseline salary and benefits package.
2. Know what you earn and how your offer compares to other pay rates in similar companies.
Check the local paper for similar job advertisement as your and see what the general range of pay rates are advertised as. This will help you establish your worth with the company and you’ll be able to evaluate if you’re being paid sufficiently. Also take note of any packages or employment benefits that are included in the advertisement. Add these additional benefits into the total worth of your employment package. Checking other jobs will establish the likely pay arrangement for your field. Some employers will pay by an hourly or daily rate. Others will offer an annual salary. When it comes to advertised pay scales they usually reflect the experience and suitability of the candidate. The more experience you’ve got, the more likely it is that you’ll side into the position faster and realize your worth faster for the company. This is rewarded by a salary in the higher bracket of the advertised pay scale.
3. Determine leave, sick and vacation arrangements.
With the shake up of employment conditions knowing your rights and employment conditions have never been more important. A lot of employment is now shifting towards contract employment. This generally gives greater flexibility to the employer to legally lay-off employees and not compensate for holiday or sick pay. Make a point of carefully checking your employment conditions. Pay particular attention to how employment termination and time off compensation is handled. If you’re employed as a contractor it is important to look at insurance issues as well. Have a look at the type of work you’ll be expected to do and ensure that there is some sort of legal protection between you and an angry customer suing. As a contractor, a employer may be able to palm off litigation to their contracted employees. Occupational insurance is also something to consider. Make sure you are covered if you should trip on some stairs and be incapacitated for a period of time. Where the company is not providing protection, you should be compensated with a higher rate of pay to cover insurance and holiday pay needs.
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