Negotiating your job offer
We’ve moved! To find this article and more like it, check us out at our new home adecco.ca/blog and don’t forget to subscribe. You have the job offer. Now what? Negotiating a job offer can be scary, but with a good understanding of your value and the total compensation package that works best for you, you can get through the process successfully. Join us as we share all the negotiation tips you need for your next job offer.
Negotiating a job offer can be scary, especially if you’re unemployed and eager to (re)join the workforce. It might even seem ungrateful or greedy to you. However, the negotiation process is essential to ensuring that you’re compensated fairly for the skills and experience that you will bring to the organization.
Ready to start the job of your dreams with compensation that matches? We’ve got all the tips and tricks to negotiate the job offer you deserve!
1. Evaluate your offer
Receiving a job offer feels great and it can be hard not to accept the job on the spot. But be patient. Evaluating a job offer is important to ensure that compensation meets (or exceeds) your expectations.
Review the position requirements and consider responsibilities and tasks that may have come up in the interview but were not listed on the job posting. Then compare the offered salary with industry trends and position demands. Ask yourself: is this offer fair compensation for the position as you understand it?
2. Negotiate your value
If the job offer comes in lower than you expected, it’s time to negotiate for the salary you deserve. Be aware that your desired salary may not always be feasible due to budget constraints of the hiring company.
But if the company can’t raise their salary offering to a number that matches your qualifications and the responsibilities of your new role, consider other non-monetary compensation elements like vacation time, flex work, job title, signing bonus, etc. After all, creating a greater work/life balance can be enough to sweeten any job offer. Think about the compensation package that would work best for you and then create a salary negotiation email to initiate the conversation.
3. Make your final decision
With a final offer on the table, you’re ready to make a final decision based on your personal needs and financial demands.
Ready to accept?
If you’re happy with the compensation detailed in your new offer, you’re ready to accept. Accepting the job over the phone or in person is fine — but be sure to follow it up with a professional email acceptance.
Time to decline a lacklustre offer?
If you’ve come to the end of negotiating without compromising on a middle ground, it’s time to accept that this may not be the best opportunity for you. Compose a professional email thanking the hiring managers for their time and consideration and politely rescind your interest in their position.
A few final words of wisdom…
- Know your value before beginning negotiations and show the hiring managers your worth.
- Rather than waiting for feedback on each item, include all points in your negotiation.
- Don’t forget to keep your cool! The initial offer proves the company’s interest, so be patient with the negotiation process. Understand that they are working within their own organizational constraints and avoid using empty threats or ultimatums to speed up the process.
For job placements that include salary negotiations, rely on the recruitment professionals at Adecco. Click here to find your local branch and register today!
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