EVALUATING JOB OFFERS Receiving A Job Offer When

EVALUATING JOB OFFERS

Receiving A Job Offer • When to expect an offer • Clarify the offer • Negotiate time of decision • Be honest with employers

The Process of Negotiating. . . • Negotiating is a social process • Social power changes over time in negotiation • Once you have received a job offer, you have more power than at any other time in the process

Timing Acceptance Offer X O O 2 nd Interview X=Employer X Negotiating X O First Day on the Job O=Applicant

Maximizing Your Bargaining Power • Knowledge about yourself & the employer • Solid recommendations and reputation from prior work experience • Poise & confidence • Inside recommendations • Supply & demand • Other offers

Topics for Negotiation: Salary • Importance of research • Minimum, realistic, “dream” • Avoid mentioning specific salary, talk about ranges. • Ask for more than you expect.

Other Topics for Negotiation • Timing of appraisal reviews • Signing bonus • Sales commissions , stock options, & bonuses • Relocation expenses

Additional Notes About Salary • Think about all aspects of salary and benefits • Ask for time, clarification • Role of initial salary in future jobs • Never accept a job until you know salary

Things to thing about: • Does this job accommodate your needs and lifestyle preference? • What is the employer’s reputation? • What are my opportunities for advancement? • Does this company give back to the community?

Execution • Once you have decided that you want the job, discuss the following: • • • Starting date & time Perks Clarify any questions you may have • Get the offer in writing • Be sure you are aware of all of the specifics of the position • Accept job offer in writing • Decline other offers

• Input from significant others may affect decision • Negative thinking may cloud decision Example: What if I don’t get another offer? Rephrase: If one employer wants me, so will others!

A WORD OF CAUTION: NEVER ACCEPT AN OFFER FROM ONE ORGANIZATION WITH THE INTENT OF QUITTING IF A YOU GET A BETTER OFFER LATER

Federal Tax Brackets Tax Rate 10% 15% 28% 33% Single Married Up to $7, 300 Up to $14, 600 $7, 301 - $29, 700 $14, 601 - $59, 400 $29, 701 – $71, 950 $59, 401 - $119, 950 $71, 951 - $150, 150 $119, 951 - $182, 800 $150, 151 - $326, 450 $18, 2801 - $326, 450

Social Security & Medicare • Social Security= approx. 6% • Medicare= approx. 2%