Jobs Find List

Categories


Location

Negotiate Salary Retention & Bonuses for a New Job

Some companies looking to keep key employees may agree to pay retention bonuses. By remaining with the company for a certain period the employee can collect a bonus that’s additional to all other pay, such as regular salary and performance bonuses. The intent of the retention bonus is to make a star employee think twice about leaving the organization for another job. Retention bonuses are often negotiated when the employee joins the company.

Network with people in the industry to determine if your role qualifies for a discussion about retention bonuses. Usually companies pay the bonuses only to executives and for hard-to-fill positions. Contact trade associations, recruiters or former employees of the company to ask about the company’s likely position on retention bonuses.

Get details of the company’s job offer to you in writing. It’s fine to discuss salary range once the employer indicates you’re the choice for the job, but don’t lock yourself into a too tight range. Offer your salary range based on your current salary and research about what the job should pay. Negotiate the salary first, then the retention bonus.

Meet with the hiring manager or HR person, or talk over the phone if you’re out of town. Ask the company to increase the salary offer just a bit if you feel that overall the offer is fair. The company may not start with its best offer. How much more to ask for is up to you, but asking for $1,000 or $2,000 more usually isn’t a deal breaker. However, you should ask for more if you honestly feel the company’s offer is low.

Cite reasons for wanting a larger salary, such as cost of living issues. If applicable point out that the company’s offer is not much more than your present salary. Or indicate that your research shows that the job simply should pay more based on the duties and responsibilities and salaries offered by competitors.

Open discussions about a retention bonus near the end of the conversation. Do not push back on salary and wait until that is resolved to discussion a retention bonus. Make a case for the retention bonus. Talk about your desire to remain with the company for several years. Explain that you would like a financial incentive to stay. Discuss how you frequently receive calls from recruiters, if that is the case, and that you would rather not listen to their pitches at all. Point out that you believe the retention bonus merits discussion because other companies are offering the bonuses.

Ask the employer to suggest a reasonable retention bonus based on arrangements for other new hires. If the employer wants you to go first choose a reasonable percentage of your requested salary such as 10 percent.

Negotiate details of the bonus if the company agrees to pay the bonus. For example, ask that you receive the full bonus on your third anniversary. Continue negotiations until you have a deal on salary and a retention bonus.



Tips to Find a Job from Millions of Job Listings Online

Rodeo Job Descriptions

Stock Contractor The stock contractor supplies all the animals used in the rodeo. Most contractors raise their bucking stock, the bulls and horses used in bull riding, saddle bronc riding and bareback bronc riding. Cattle used for the timed event competitions are sometimes subleased from another ow ...

Forensic Science Career Salary

Forensic science involves using principles of biology, chemistry and physics to analyze evidence in criminal and other types of investigations. The U.S. Bureau of Labor Statistics (BLS) estimates that the demand for forensic scientists or forensic science technicians will increase 20 percent from 20 ...

Termination of Employment While on Probation

Probationary employment agreements are fairly common in industry. These agreements have a prearranged length of time that varies from organization to organization. Probation for a new employee is a chance for the company to review your skills before you are officially hired. Most companies have gene ...

Hospital Admitting Clerk Job Description

The hospital admitting clerk might be the first warm face that greets you when you enter a hospital. Generally these employees are friendly and helpful and understand that you might be uncomfortable. If you are looking for a new career and enjoy helping people, this is a good place to start. Descri ...

Job Interview Questions & Answers for a Financial Advisor

Financial advisors offer guidance and advice on financial matters to private individual customers, large corporate organizations, and societies. Financial advisors may specialize in a particular area such as selling company pension schemes, or they may generalize and offer advice to clients on a ran ...

What Types of Security Guard Jobs Are There?

When people think of security guards, typically the uniformed men and women in department stores come to mind. But the types of jobs vary. According to the U.S. Bureau of Labor Statistics, the job opportunities for individuals in the security field are expected to grow at a favorable to faster-than- ...

Find Jobs for Army Rangers When Out of the Army

"Rangers lead the way" is not just a motto of the elite army unit. It is a way of life for many of the men who have served with the Army Rangers. The leadership skills developed during the rigorous training and on the job experience are highly sought after in the civilian business community, althoug ...

Overseas Firefighting Jobs

Alliances, associations and unions exist for firefighters to access and network with other firefighters across established firehouses and other places of employ to locate overseas jobs. The alliances, associations and unions conduct research and post information on current jobs available to firefigh ...

Warehouse Job Description

Warehouse jobs include material handlers, packagers, shipping and receiving clerks, maintenance crews and warehouse managers. Warehouse workers are often required to work at a rapid pace to meet shipping and receiving deadlines. The description for each warehouse job varies depending upon the speci ...

Job Description for a Web Specialist

The explosion of the Internet in recent years has created a new demand for web specialists or web designers. These are people who have design skills specifically used for web design. In addition to being able to build websites, a web specialist must also be a master of communication -- both in the v ...

Clinical Pharmacist Job Description

Clinical pharmacists work closely with patients and health care providers to provide information and guidance about the effects of prescription drugs and their dosage amounts and potential side effects, and to help plan effective drug therapy programs. A clinical pharmacist is an expert in the field ...

Jobs That Have Been Threatened by Technology

If you could save money by relying on a robot rather than a human worker, would you? A lot of employers do. More than 20 percent of hiring managers interviewed by Forbes in 2014 said they replaced employees with automated technologies. That figure goes to 30 percent for hiring managers in companies ...

Types of Jobs in the Coffee Business

The U.S. is the largest consumer of coffee in the world, with over 400 million cups consumed every day. Coffee shops are increasing seven percent every year, making it the fastest-growing segment of the restaurant industry, according to Coffee-Statistics.com. Coffee is clearly big business; thus, if ...

Job Description for a Songwriter

Thomas Edison’s truism, “Genius is one percent inspiration, ninety-nine percent perspiration,” applies to songwriters. You need a creative, inspired mind to succeed. But you won’t be able to develop your great idea, promote the idea and even be in a position to think the idea ...

Explain a Change in Job Title on a Resume

There is no one right way to handle job title changes on a resume. Each situation will depend on your individual circumstances, whether the change in title represents a promotion or increase in duties, or if it is simply a change in name only. You will need to decide if highlighting separate titles ...