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Negotiating Offers of Employment: Negotiating employment offers is an important process for accepting job offers or declining job offers.
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NEGOTIATING OFFER OF EMPLOYMENT: Tips on negotiating employment offers and advice on what to do. |
Well done on winning at interview. Now it is important to negotiate an offer of employment suitable to both parties. This should be a considered process, so it is important to evaluate the finer details of any agreement and get it right.
Any offer of employment will include the terms of employment (i.e. pay and job description), start date, location and company benefits. Consider the whole package and query anything if unsure.
Getting it right can lead to a higher salary and more benefits so do not under-estimate the importance of this process. If candidates can offer something unique to the role there is a more favourable negotiating position.
ADVICE ON RECEIVING JOB OFFERS: Negotiating offer
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Negotiating your offer of employment
Negotiate on terms of employment, pay, start date, location (re-location) & company benefits.
Implement advice from Salary Negotiation to optimise your bargaining potential.
Reviewing the detail
Review (finalise) job descriptions & terms of employment (contract). Go through everything thoroughly and ask for help if unsure. A lawyer, recruitment consultant or the Internet can assist with advice.
Other considerations
Ask if there are any other considerations (be thorough as it can have a major affect on your life!).
Accepting / Rejecting the offer of employment
Do not be rushed into a decision either way. Set clear expectationsof when to give a decision whilst considering any offer. Ensure employment offers are received in writing before committing to anything. Keep copies of any documentation (contract) for future reference and to be sure everything is clear.
More than one job offer!
Be honest by telling both employers of an important decision to choose between two job offers. Say that more time is required to consider both offers. Both employers should respect any request for more time. This can also strengthen any negotiating (bargaining) position and may lead to an improved job offer if either employer is determined to secure your services.
Writing an acceptance / decline letter
Having received an offer of employment in writing, check requirements to formally accept (or decline) any offer. Formally accept any offer in writing as well as any verbal acceptance.
At this point, there should be a clear understanding of the salary, start date, location, training, probationary period, commission, bonuses, etc. Check for any misunderstandings, omissions or errors. A good employer should come back quickly and resolve any issues.
Declining an offer must be done politely in case another offer falls through or should even wish to apply for another role with the same company in the future.