Week 10: Negotiation and Offer Letters
Offer Letters and Managing Multiple Offers
Video Time: 5 Minutes Action Time: 30 Minutes
Think Before You Act!
Make sure you have the other offer in writing. The company may let you go when you try to leverage without anything in writing. You never know!
Now that you’ve used all the right tactics and negotiated your offer to your advantage, don’t jump in and sign it! Read the letter very carefully. Know what you’re signing. Make sure to negotiate before signing anything! In the last episode, we went into detail about how to negotiate.
If you haven’t gotten that done, practice until you are a masterful negotiator, then go back, watch the episode again and follow our step-by-step instructions. Save the signed letter for future reference. Trust me, if you don’t, you may have a problem in the future, and then you’ll be missing what you need to keep yourself out of hot water.
1
Read your offer letters carefully!
Signing the letter means you agree to the terms in the letter. Know what you’re signing!
2
Negotiate before signing!
3
Save the signed letter for future reference
Trust me, if you don’t, you may have a problem in the future and then you’ll be missing what you need to keep yourself out of hot water.
Deciding Between Multiple Offers? Consider These Factors:
What are your values and beliefs and which one aligns best with those?
What are long-term goals and which one would allow you to accomplish those?
Where do you believe you would be happy and successful?
What are both offers like? (Compare and contrast salary, benefits, location, work environment, ability to grow, etc.)
4
If you have more than one offer, think about your long term goals, values, beliefs, where you believe you will be happy and successful.
5
Leverage each offer against each other.
If it were me, I would tell each employer, “I have an offer with the XYZ company. I want to work here and I’m wondering if you will match their offer?”
6
This is an expert move.
If you have 2 or more offers use each offer to help you get the most you want at the job you want.
7
And money isn’t everything.
Though it can sometimes seem to be. Consider which one is best for your goals? Which one did you align with best? Compare /Contrast salary, benefits, location, work environment, ability to grow, etc.
8
You can accept an offer if you’re waiting on another!
Finally, if you get one offer at Google and really want another opportunity at Microsoft but they haven’t offered it to you yet, accept Google. If you do get an offer at Microsoft later, you can always quit Google after you accept Microsoft’s offer. Again, you can consider leveraging these 2 opportunities against each other.
9
Caution!
Make sure you have the other offer in writing because Google might let you go when you try to leverage. You never know!
That’s the end of our Week 10 – see you next week for “2 Weeks Notice and Plan for Excellence”. Have a Super Day!