| When accepting a new job, salary negotiation is so | | | | and car maintenance or public transport. |
| important. You may have to consider many additional | | | | Paid overtime hours is an important issue you have to |
| costs that may not be readily apparent to you, which | | | | consider. If your present job pays for your overtime |
| the new job may demand and which are not there in | | | | hours and the new job requires you to be on call 24 |
| your present job. The costs may or may not be | | | | hours, then you may be actually getting less if you |
| quantifiable but it is important to be aware of them | | | | divide the extra hours put in from your annual salary. |
| when thinking of salary negotiation. This article explains | | | | Even if it is a few hour a week, it will become |
| these issues in more detail. | | | | considerable amount when calculated for an entire |
| The salary that you want to earn in the new job | | | | year. |
| should not be a fixed figure but rather be in a range. | | | | There are many other issues, which are sometimes |
| This is because during salary negotiation of the new | | | | called perks to consider like reimbursement of tuition |
| job the total cost involved may not be clear in the | | | | expenses, flexible working hours, 401(k) contribution, |
| beginning. The expected figure should be disclosed to | | | | on-site daycare and health clubs, company paid training, |
| the prospective employer after fully understanding all | | | | mobile phone and/or laptop computer provided by the |
| the implications of the new job and may require to be | | | | company, paid professional membership to |
| calculated. One of the undisclosed expenses may be | | | | associations and institutes, vacation and personal |
| health insurance. The insurance policy of the new | | | | holidays, car parking expenses, tax deductible |
| employer may require you to pay a higher amount | | | | expenses, and the possibility of working from home. |
| from your pocket for each pay period whether it is | | | | Many of these factors are intangible benefits - one |
| weekly or bi weekly or monthly. Even if it is a small | | | | might not be able calculate them in dollar terms but |
| amount per pay period, an annual calculation may | | | | depending on your situation they may be very |
| make it substantial. | | | | important to you like for example the option of working |
| If for instance the dress code of the new job requires | | | | from home for a mother having small kids to look after |
| you to wear a formal dress while you may be allowed | | | | at home. |
| to wear a casual dress in your present job, upgrading | | | | When you make a comparison of the above items |
| the wardrobe may cost you a tidy sum. Commuting to | | | | with your present job, this would give you an idea of |
| the workplace is another expense that you have to | | | | the additional expenses that you have to bear in the |
| consider while negotiating a new job. If the place of | | | | new job, giving you a more accurate actual take home |
| work is at considerable distance away from your | | | | figure and putting you in a better, more knowledgeable |
| home, it may involve additional expense towards fuel | | | | position while negotiating the salary for your new job. |