Why You Have To Negotiate Your Next Salary
When accepting a new job, salary negotiation is so important. You may have to consider many additional costs that may not be readily apparent to you, which the new job may demand and which are not there in your present job. The costs may or may not be quantifiable but it is important to be aware of them when thinking of salary negotiation. This article explains these issues in more detail.
The salary that you want to earn in the new job should not be a fixed figure but rather be in a range. This is because during salary negotiation of the new job the total cost involved may not be clear in the beginning. The expected figure should be disclosed to the prospective employer after fully understanding all the implications of the new job and may require to be calculated. One of the undisclosed expenses may be health insurance. The insurance policy of the new employer may require you to pay a higher amount from your pocket for each pay period whether it is weekly or bi weekly or monthly. Even if it is a small amount per pay period, an annual calculation may make it substantial.
If for instance the dress code of the new job requires you to wear a formal dress while you may be allowed to wear a casual dress in your present job, upgrading the wardrobe may cost you a tidy sum. Commuting to the workplace is another expense that you have to consider while negotiating a new job. If the place of work is at considerable distance away from your home, it may involve additional expense towards fuel and car maintenance or public transport.
Paid overtime hours is an important issue you have to consider. If your present job pays for your overtime hours and the new job requires you to be on call 24 hours, then you may be actually getting less if you divide the extra hours put in from your annual salary. Even if it is a few hour a week, it will become considerable amount when calculated for an entire year.
There are many other issues, which are sometimes called perks to consider like reimbursement of tuition expenses, flexible working hours, 401(k) contribution, on-site daycare and health clubs, company paid training, mobile phone and/or laptop computer provided by the company, paid professional membership to associations and institutes, vacation and personal holidays, car parking expenses, tax deductible expenses, and the possibility of working from home. Many of these factors are intangible benefits one might not be able calculate them in dollar terms but depending on your situation they may be very important to you like for example the option of working from home for a mother having small kids to look after at home.
When you make a comparison of the above items with your present job, this would give you an idea of the additional expenses that you have to bear in the new job, giving you a more accurate actual take home figure and putting you in a better, more knowledgeable position while negotiating the salary for your new job.
Steven French is a recruitment consultant to http://www.UteachRecruitment.com - the specialist UK teaching jobs recruitment agency. Visit Uteach Recruitment to find your perfect UK teaching job today.
You Have Found The Perfect Job-Now Follow Up Part 1If you have been at the job search process for a while a good way to make contact with a company is to follow up. If you have gone to the effort of making contact by sending them a resume or filling out an application the least you should do is make sure that they […]
Having Psychiatric Nursing As Your CallingAre you looking for information on psychiatric nursing? Well, you have come to the right place. Anyone, who is interested in psychiatric nursing, is very much welcome to be part of this challenging yet rewarding profession. With the shortage of nurses in any specialization of nursing, any person who wants to become a nurse is […]
Sources of Extra Cash or Additional Income for StudentsThere are many ways to get an extra income if you cannot afford to work normal full-time hours. This article will show you what is available and what you should avoid. I will use student time as an example, as a students timetable is usually the most inconvenient for full-time work and also changes every […]
How To Get Back On Track After Being Written Up At WorkMost of us have been there. For one reason or another, your work has not been the best and your boss has noticed. You are called into the office and formally written up and warned to improve your work performance. Are you doomed? Is this the beginning of the end? […]
Written by info on October 30th, 2007 with
no comments.
Read more articles on Careers Employment.
- [+] Digg: Feature this article
- [+] Del.icio.us: Bookmark this article
- [+] Furl: Bookmark this article