Join career and leadership coach and award-winning author Andrew LaCivita for today’s video on your salary negotiation financial checklist! Inside, you’ll get the details on 23 compensation items you must consider before you negotiate your salary after your new job offer. This also works if you are negotiating your pay increase!
0:00:00 Welcome + Understand these parts of your compensation:
0:04:10 1. Know what you earn, date of raise and $. When do anticipate next raise? expected $?
0:07:25 2. Bonus Target + Term: Date of last bonus, $, on target? next bonus date? expected $?
0:10:06 3. Stock + Similar: What is the vesting schedule? Projected value?
0:13:46 4. 401K + Profit Share: Allocations and Distributions
0:16:08 5. Allowances: Car, Phone
0:17:54 6. Non-Quant Perks: Flexibility, WFM,
0:19:01 7. Penalties & Repayments
0:21:09 8. Other Perks
0:22:52 Recap
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💵 FREE FINANCIAL WORTH CHECKLIST
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Take this free booklet with detail and a checklist on all 23 items you must assess to determine your current professional value:
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SALARY NEGOTIATION PLAYLIST: bit.ly/salary-negotiation-tips-lacivita
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ABOUT ANDREW
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Andrew LaCivita is a world-leading career and leadership coach. As the award-winning author of three books, including The Hiring Prophecies: Psychology behind Recruiting Successful Employees and Interview Intervention: Communication That Gets You Hired, he has dedicated his life and career to helping people and companies realize their potential.
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ABOUT TIPS FOR WORK AND LIFE®
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Tips for Work and Life® is a weekly careers and motivational show full of helpful job search strategies, career management tactics, and self-help aids with award-winning author, career and leadership coach, Andrew LaCivita. Tips for Work and Life® has been cited by several sources as a Top 5 Careers Blog. Andrew includes these 5-45 minute multicast shows as part of his blog and podcast.
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Dear Community! Enjoy this video on the 23 most important items to know when evaluating your professional financial worth! Also, please make sure to SUB to the channel for new videos weekly and live office hours Thursday. If you love this type of material and want to stay updated on my latest strategies for job searching and career development, sign up for my weekly newsletter here: http://bit.ly/JoinAndysEmailList
Doggies (@13:40)
Great question.. … How do we KNOW what we are worth ? How do we KNOW what others are getting paid to do xyz ? Lot of companies are expecting people to not even be able to afford a roof over their heads to work for them and make them money.
can we ask general questions today ? I posted my questions
If my company owes me a bonus that won’t be paid if I leave before the date would that be something I could negotiate as a sign on bonus as well? The area I’d moving to would also be higher cost of living so that’d be a factor in negotiations as well, I know the pay range for the role however I’d be giving up that bonus which will end up being 50k+ and missing the company I’d be moving to’s yearly bonus since it’s only paid out to those who have been with the company since the beginning of the year, I was told they pay reloc fees as well from employees in the same role in the other company
I’m grateful finding your channel. Your videos are very insightful. My bad I never negotiated my wage when the job was offered to me. Now I feel my pay is too low and regret about it. In a few weeks I will have my yearly review and raise and I will negotiate my salary. In one year I helped our team to expand to another territory and our revenue, goals, number of clients doubled. Thank you again!!
hey Andy can I still get the book?
for me the only way to get raise is to find another job from competition (i worked for MS, google, aws).
they never except any salary raise if they think that you are desperate.
Hi Andy. What if they tell me the salary range for the position, and then ask me what salary I'm expecting?
You are super knowledgeable, Andy! Thanks for sharing the insights.
Here’s a good one for you. I interviewed for an Exec. Asst. role. The COO told me the role paid 80k. Then after I had the 2nd interview with the CEO, who liked me and wanted to hire me but he said the going rate was 60k. So the COO emailed me and apologized for her blunder. What an embarrassing unfortunate uncomfortable mess for all of us.
Don't forget health insurance. Huge variations varying by company, State, in and out of network, etc.
Would you suggest the same when potentially getting promoted. I have a chance to step up into a bigger role. They said I could stay where I am or I could step up and be in charge of the sales department. Curious what the compensation package would be as we are a smaller company and the sales department is a newer part of the business.
This is really powerful stuff. All these things tend to be overlooked even if you are aware of them. It is critically important to have everything spelled out, like an airplane or submarine crisis management book because under fire it is easy to "know" but it is easy to "not pay attention to" because you have bigger fish to fry. This video is a perfect example that no stone needs to be left unturned for obvious reasons.
Hopefully today or tomorrow I'm gonna receive call to discuss Salary… Hoping for the best.