It is really a matter of great interest to know how and when to switch the first job....? How good would it be if we never have to switch the job. The company sometimes feel like home to me. Although i work here, but i do have this feeling.Anyways,lets come back to the topic again.
I have analyzed the question and i have come to the following things:
- If you have a commitment, whether Oral or Written, never Break It.
- Never leave just for Money.. unless the difference worth it. We all need money but remember we do not work just for money. If money would be the only thing that force us to work then what for our personal satisfaction and the fulfillment of the responsibilities that the society delegates you as an educated member of the society.
- Try to take a close idea of the working environment, people and management attitudes and the working psychology behind the organization.You are lucky if you have a friend already working there !
- Try to switch to the place where you can breath fresh with all your ideas and innovations given respect and due attention
You should take care of next job offer & do enough home work.
ReplyDeleteSee the excellent article below.
Compensation Defined – Things to consider in your next job offer negotiation
One of the many things that will improve your salary and job offer negotiation is simply knowing and understanding what you can ask for as a candidate. One of the reasons I have titled this article "compensation defined" is that most candidates get hung up on salary and don’t realize there are many pieces to the puzzle. Don’t focus on salary alone! Look at the whole compensation picture.
Knowing the puzzle pieces of job offer negotiation, how they fit together, and which pieces are usually negotiable will help you. You'll be not only be more flexible in your negotiations, but also positioned for the best overall compensation package.
This article will simply identify most of the pieces of "compensation" and will not cover how to leverage this information into the best offer. That specific negotiation advice will come in later articles in this section. Please browse the other articles for the inside scoop on how to get the best package, even when dealing with a professional negotiator like me.
Elements of Compensation
Salary
Of course, there is your base salary or hourly pay rate. Any job (except those with straight commission) will have this. Base pay is usually quite negotiable, but there are many positions where the salary is limited to a very strict range by manager decision, budget constraints or company policy. Exactly how flexible or inflexible the salary is will depend on each individual company. Throughout your interview process, you will be given clues about just how flexible the Salary can be. Whatever you do, let that information come to you. Don’t go seeking it prematurely.
Performance Bonus
A performance bonus is usually paid out annually or on some kind of regular schedule as compensation for a job well done. Sometimes, these bonuses are discretionary, and sometimes there is a well-defined scale (if you achieve “x”, you receive “y”). As with base salary, performance bonuses are sometimes negotiable and sometimes quite rigid, depending on the company. Older companies tend to have fewer bonuses that are more often discretionary, while younger and more progressive companies have more aggressive and structured incentive plans. Very small companies tend to have much more negotiable bonus structures, and executive-level positions tend to have more negotiable structures as well.
Sales Commissions
Sales commissions tend to be fairly rigid and non-negotiable, though very small companies will sometimes allow negotiation. While the rate is often non-negotiable, sales territory is often very negotiable (size and quality of territory can have a huge impact on your earnings as a commissioned sales person).
Scope of Job
This is highly negotiable anywhere. There are some companies where jobs are highly structured and, in those cases, the scope of your job is restricted and controlled. Mostly, however, you have some room to wiggle on just how much you control, which projects you’ll oversee, the size of your territory, etc. Don’t forget about this one! Scope of job can have a huge impact on what you ultimately get in terms of direct cash compensation. If you settle for too small here, it will hurt you everywhere else.
Vacation Time
This is sometimes negotiable. Larger companies tend to have more rigid policies that are non-negotiable, but smaller and less-structured companies will often allow you to use vacation time as a bargaining chip. Beware that you should only pull this out very late in the game, after you have an offer if possible. Asking for a lot of vacation time early can send the message that you’re a slacker who doesn’t really have work-drive. You need to establish yourself as the final candidate before you start maneuvering for this.
Start Date and Notice Period
This is negotiable anywhere. Sometimes you must take what the company demands, but for the most part the candidate has more leverage. Be reasonable, and you’ll usually get what you need. Don’t every burn bridges by cutting your notice short. Do you really want to work for a company that doesn’t care about your present employer? Most companies are reasonable.
401-K and Pension
These are almost always non-negotiable. Don’t even try. Companies that are structured and mature enough to have these plans will never flex on the program.
Health Insurance Coverage
If health insurance is not typically offered, sometimes it can be negotiated for, especially in smaller and more flexible companies. Often, if a company can’t offer health insurance coverage, you can expect their compensation to be stronger in other areas, especially if you have other choices in the employment marketplace.
Relocation Assistance
Many companies have structure relocation plans that are non-negotiable, but even in those environments you can sometimes work interesting deals. Relocation plans range from move-yourself cash allowances to Cadillac all-inclusive plans that include buying your house if it doesn’t sell. Typical components that are often negotiable include:
Cash relocation allowances for miscellaneous expenses
Food allowances or per-diems
Moving expenses (cash or professional packers and movers)
Storage of household goods
Travel expenses to new location (including air fares, mileage, meals, hotels)
Transportation of your cars to the new location
Hotel expenses
Temporary housing (2 months is typical in structured plans, this is highly negotiable)
Home selling costs (don’t forget your 6% real estate commission)
Home purchase if your house doesn’t sell (some companies have programs that will allow for the purchase of your home if it doesn’t sell, usually reserved for rare skills or executives).
Home purchase costs in new location (closing costs, points, etc)
.
Many times, if you’re offered a full-blown relocation package but are not planning to use some of it, you can trade pieces of the relocation package for other items more important to you. For example, if you’re not going to use the 2 months of temporary housing that the company offers (usually worth about $3,000), you may be able to justify a higher salary, different bonus structure, higher misc expenses allowance, signing bonus, or whatever you desire. Be creative!
Company Vehicle or Vehicle Allowance
Vehicle programs themselves are usually pretty firm, but whether or not you get one is often negotiable. Some companies don’t offer these under any circumstances. If your job will require you to be on the road a significant time, find out what the company’s policies are about reimbursing for business travel. As with other compensation issues, don’t get into this too early in the game. If possible, wait until an offer is being discussed verbally to get into the details.
Signing Bonus
This is perhaps the most flexible item of all. Most companies, even the most restrictive, will consider these under the right circumstances. Exactly how to maneuver for one is a tightly held secret which I may reveal in another article. For now, just know that most companies will come up with these if they really want you and there is good reason for it. A hint about negotiating for a signing bonus: You must help the company by giving them a good reason to offer you one.
Work Location
Occasionally, work location is negotiable. There are times even when you could work from home. This depends entirely on the company and the specific job you are being offered. If the location is a sticking point for you, ask if a different location might be an option. Even if the location is not a problem, sometimes you can use the company’s inflexibility on this point to bargain for more elsewhere.