|
Q: I'm an electrical engineer for a
well-known national company. I've live in the same mid-sized Midwestern
city for the past 20 years and have no intention to move. Recently,
an executive at another well-known company asked to do lunch with me.
Over lunch, we talked shop - or at least as much as my non-disclosure
agreement allowed. Before we ended, he said he wanted to hire me and
asked my price. Should I mention the health benefits and company
car? How do I approach this?
- Paul
|
Advertisement
|
A: This
is a common issue, Paul. But it's one that can be simply addressed.
First, the executive asked your price. That's a pretty bold
question to ask during an informal meeting. From this, you might
correctly assume that his company is willing to pay whatever figure you
mention.
|
Second, you didn't mention
that you hate the company you're at. Consider, then, if this is a
move you want to make. If you're happy at your current place of
employment, then you might want to use your current offer as leverage to garnar a raise. If the position being offered is
better than the one you have (and they'll pay you as such), then your
decision is pretty easy.
You'll also want to add your perks to your salary. If all or most of
your health benefits are currently being paid for by the company, add those
in. You should definitely add your company car in. Also, if
your company contributes matching payments to your retirement or pension,
or provided you with stock options, make sure you add them in.
This sum is your "total compensation package." Weigh this
against any counter offer you get.
As a rule of thumb, if you're happy where you are but can't bump a raise
out of them, you should ask for at least 10% more from the competitor.
IN THE CARAVAN: Determine
your total compensation package and ask for at least 10% more.
|
|
bSafari.c
The Lion’s Pride: Q & A
