- Sep 25, 2004
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Currently working at a job I have no plans to leave but I got a call from an old co-worker who is helping recruit staff to his new employer.
In order to lure me to this other firm they will have to give a significant raise. I' have no doubt they are willing to pay me $15K - $20K more than I currently make but hope to squeeze more.
+'s and -'s
New company is not nearly as prestigious, smaller, regional firm
I will be getting a promotion at the new company, I would have to wait 1yr at my current job.
Less work hours at my prospective employer. Approx 200 - 300hrs less OT per year!
Health/Vacation benefits are the same
I'm currently fuly vested in my 401K
Employer is currently paying 5% of my wages in a retirment account and I'm fully vested. It took 5yrs to vest.
Will be recieving a 8-15% pay raise on Sept. 1 if I stay at my current job (I'm guessing 12%)
Will be receiving about a $6000 annual bonus on Sept. 15 if I stay at my current employer.
Numbers as they are now:
Base = $75,000
5% Retirment = $3,750
$401K = $1,500
Misc: Bonus = $1,500
YE Bonus = $6000
Exopected salary as of 9/1 = $84,000
They "should" know about all of the incentives I make at my current employer but in reality I need to disucss the intangibles, and unless you work in a Big 4 CPA firm you just wouldn't understand the growth potential. Their pitch is we are a growing firm and if you work hard, you will make partner in 4-5yrs, seems unrealistic but if they are truly growing as fast as they say they are then it's attainable and the payoff of being a partner is huge $$$ wise!
So how do you negotiate through the intangibles? How do you counteroffer, and how long should I wait before asking for more?
In order to lure me to this other firm they will have to give a significant raise. I' have no doubt they are willing to pay me $15K - $20K more than I currently make but hope to squeeze more.
+'s and -'s
New company is not nearly as prestigious, smaller, regional firm
I will be getting a promotion at the new company, I would have to wait 1yr at my current job.
Less work hours at my prospective employer. Approx 200 - 300hrs less OT per year!
Health/Vacation benefits are the same
I'm currently fuly vested in my 401K
Employer is currently paying 5% of my wages in a retirment account and I'm fully vested. It took 5yrs to vest.
Will be recieving a 8-15% pay raise on Sept. 1 if I stay at my current job (I'm guessing 12%)
Will be receiving about a $6000 annual bonus on Sept. 15 if I stay at my current employer.
Numbers as they are now:
Base = $75,000
5% Retirment = $3,750
$401K = $1,500
Misc: Bonus = $1,500
YE Bonus = $6000
Exopected salary as of 9/1 = $84,000
They "should" know about all of the incentives I make at my current employer but in reality I need to disucss the intangibles, and unless you work in a Big 4 CPA firm you just wouldn't understand the growth potential. Their pitch is we are a growing firm and if you work hard, you will make partner in 4-5yrs, seems unrealistic but if they are truly growing as fast as they say they are then it's attainable and the payoff of being a partner is huge $$$ wise!
So how do you negotiate through the intangibles? How do you counteroffer, and how long should I wait before asking for more?
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