When people think about offer negotiations, it usually centers around compensation—money, salary, and understandably so. But there are other crucial elements to negotiate besides salary.
I’ve noticed many people getting a job offer and immediately signing it, which is fantastic. Landing the job of your dreams is exhilarating, but you should negotiate. Developing the habit of asking for more is crucial, especially before signing the job offer. The deeper you get into a role, the more challenging it becomes to negotiate, leaving fewer options and less time. Hence, starting strong by asking for more is crucial.
In this article, we’ll discuss 11 things you can negotiate during a job offer besides salary. Let’s dive in!
What else can I ask for besides salary?
Signing Bonus
The first thing to negotiate is a sign-on or performance bonus. When salary negotiations hit a limit due to salary bands or other constraints, proposing a sign-on or performance-based bonus can add to your compensation. Ensure to clarify the specifics—get it in writing, be it a sign-on or yearly bonus.
2. Commission Percentage
You have the opportunity to discuss and potentially raise the commission percentage if you’re in a sales position. Negotiating for a higher commission percentage allows you to increase your earnings from the sales you generate.
For example, in a sales role, your commission rate is tied to the sales you make. By negotiating a higher commission percentage, let’s say from 5% to 7%, for instance, you can significantly boost your income for every sale you close.”
3. Work From Home/Remote
Next, negotiate the work location. With the prevalence of remote work, discussing remote or hybrid work options is now easier. When receiving an offer, leverage this opportunity to negotiate for a percentage of remote work if it’s crucial to you. This is your time for negotiation—seize it.
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4. Expense Reimbursements
Negotiate expenses incurred for work-related activities, like phone bills, transportation, or additional work tools like tablets.
5. Training and Development
Early in your career, obtaining certifications, courses, or training is invaluable. Negotiate for this as part of your offer—be specific about the training or certification you’re seeking and ensure it’s documented in your offer.
By persuading your boss of its mutual benefits for both you and the company, obtaining funding for occasional continuing education shouldn’t pose an issue.
6. Job title
Title negotiation is often underrated. Title matters—it shapes perceptions both inside and outside an organization, influencing future job prospects. If the salary aligns but the title doesn’t, negotiate. Propose the desired title change and make sure it reflects your role accurately.
7. Severance Package
If you’re terminated from a job through no fault of your own, a severance package outlines what you’re entitled to receive. It’s wise to have this specified in your contract to ensure alignment between you and your employer if, for any reason, the job doesn’t pan out later on. Research the common severance package terms applicable to your role and years of experience to better understand what you can expect.
8. Retirement Benefits Matching
Numerous companies provide the opportunity to enroll in a retirement plan where they match your contributions. The matching percentage differs based on the company and retirement plan type. You can discuss negotiating improved matching rates or seek additional retirement benefits.
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9. Company Equity
If the company offers stock ownership or equity, negotiate it. Emphasize the potential for exponential growth in stock value and link it to your contribution to the company.
10. Moving Costs
Relocating is expensive. Paid Vacation Time: Negotiate for more paid vacation days. Highlight your need for mental health days or personal/family commitments.
11. Health Insurance
Compensation isn’t solely in the form of salary; benefits are equally crucial, with health insurance being among the most valuable. Employers might extend dental, vision, disability, life, and malpractice insurance as additional offerings.
Takeaway
Remember, negotiation is about fairness and value. If a company values its employees, negotiating these aspects shouldn’t be a problem. The key is to ask. Even if they don’t agree to all your requests, asking gives you confidence and a chance to receive more. Choose wisely; prioritize what aligns best with your lifestyle.
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