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Negotiating Employee Benefits During Hiring
Posted on 7/12/15 at 6:51 pm
Posted on 7/12/15 at 6:51 pm
MT,
If an employer is unable/unwilling to budge on salary, what success have you had in negotiating for increased PTO or other benefits?
Has anyone ever heard to negotiating an extra % or so on an employer match?
Position is in the 50-60K range with a fairly large employer. 1000+ employees if that matters. From others, I have heard they have very good benefits packages and like to take care of their employees.
If an employer is unable/unwilling to budge on salary, what success have you had in negotiating for increased PTO or other benefits?
Has anyone ever heard to negotiating an extra % or so on an employer match?
Position is in the 50-60K range with a fairly large employer. 1000+ employees if that matters. From others, I have heard they have very good benefits packages and like to take care of their employees.
8
Posted on 7/12/15 at 6:56 pm to Wasp
Good luck, in that salary range you are easily replaced in their eyes. What field?
Posted on 7/12/15 at 7:28 pm to LSUSUPERSTAR
Financial modeling in a very specific field. I believe at this moment, the organization needs me and that I have a high potential for what I do.
Posted on 7/12/15 at 7:59 pm to Wasp
quote:
Has anyone ever heard to negotiating an extra % or so on an employer match?
This type of stuff is governed by a strict adoption agreement. Unless the employer has elected some discretionary option it's unlikely that you can negotiate this. Vacation time seems to be the most negotiable item when salary is out of the question.
Posted on 7/12/15 at 8:04 pm to Wasp
I can work with salary much easier than vacation time, that's a policy set for the entire company. 401k match is off limits too
Posted on 7/12/15 at 8:18 pm to yellowfin
Jabstep and Yellowfin,
Thank you. I kind of figured match was off limits. What is standard vacation? This will be my first full-time job out of graduate school.
Thank you. I kind of figured match was off limits. What is standard vacation? This will be my first full-time job out of graduate school.
This post was edited on 7/12/15 at 8:37 pm
Posted on 7/12/15 at 8:26 pm to Wasp
2 weeks most likely
Posted on 7/12/15 at 8:32 pm to Wasp
quote:
If an employer is unable/unwilling to budge on salary, what success have you had in negotiating for increased PTO or other benefits?
Salary and PTO are the only things I have seen negotiated, everything else is governed.
Posted on 7/12/15 at 8:47 pm to Wasp
quote:
Financial modeling in a very specific field. I believe at this moment, the organization needs me and that I have a high potential for what I do.
quote:
This will be my first full-time job out of graduate school.
You think you have leverage as a new grad, come on man. Good luck getting them to budge on anything.
Posted on 7/12/15 at 8:54 pm to barry
quote:
You think you have leverage as a new grad, come on man. Good luck getting them to budge on anything.
I agree with this. From my experience, new to the company hires at larger companies have better luck getting another week of vacation added as opposed to more salary. I have never heard of an unexperienced worker negotiating anything other than start date. You can always ask but I wouldn't try to flex if/when they say no. Take your 2 weeks vacation and the salary for that pay grade and be happy.
Posted on 7/12/15 at 9:15 pm to Wasp
My conpany would give credit for prior work experience in the same field regarding vacation time for experienced hires (for example, we would give 3 weeks of vacation if the hiree had 5 years of experience, etc.) New graduates (undergrad or grad school) would get the basic two weeks of vacation to start.
Posted on 7/13/15 at 5:23 am to Wasp
International firm?
You have work experience outside of grad school?
In my opinion, the employer has the most flexibility with title, salary, vacation, flexible working conditions, other benefits... in that order. I agree that 401k contribution modifications are off limits. However, they may be able to give you time credit and bump their match if it is linked to years of service.
My company starts all employees out at 3 weeks vacation. After 5 years experience, you get a 4th week. After another 5 years you get a 5th week. If you were coming to my company with a graduate degree, they would consider giving you "5-years credit" and start you out at 4 weeks. But that is dependent upon the type of graduate degree.
It never hurts to try for the extra vacation.
You have work experience outside of grad school?
In my opinion, the employer has the most flexibility with title, salary, vacation, flexible working conditions, other benefits... in that order. I agree that 401k contribution modifications are off limits. However, they may be able to give you time credit and bump their match if it is linked to years of service.
My company starts all employees out at 3 weeks vacation. After 5 years experience, you get a 4th week. After another 5 years you get a 5th week. If you were coming to my company with a graduate degree, they would consider giving you "5-years credit" and start you out at 4 weeks. But that is dependent upon the type of graduate degree.
It never hurts to try for the extra vacation.
Posted on 7/13/15 at 7:55 am to Wasp
Do yourself a favor and just take the job. You're being a total idiot about this.
Posted on 7/13/15 at 8:22 am to TheHiddenFlask
if he has another offer he can negotiate.
otherwise you will have a hard time negotiating company benefits as a new hire.
otherwise you will have a hard time negotiating company benefits as a new hire.
Posted on 7/13/15 at 8:54 am to Wasp
Some places you have to work there a year to get vacation time. I've had people tell me they've already planned a vacation in x months and I've give them 1 week the first year for that.
Posted on 7/13/15 at 9:02 am to yellowfin
quote:I couldnt imagine ever deciding to work at a place like that. Really seems like they value their employees
Some places you have to work there a year to get vacation time.
Posted on 7/13/15 at 9:18 am to lsupride87
quote:
I couldnt imagine ever deciding to work at a place like that. Really seems like they value their employees
Well, it's not really that uncommon. To me it's about the same mindset as not vesting the employer match to the 401k for a year or two.
My only complaint with my current employer is the use it or lose it vacation policy.
I don't like to take off 4 weeks a year. I've always been a hoarder of PTO.
This post was edited on 7/13/15 at 9:19 am
Posted on 7/13/15 at 9:42 am to Croacka
quote:Nah. If as an employer you hang vacation over my head for a year you can go frick yourself
Well, it's not really that uncommon. To me it's about the same mindset as not vesting the employer match to the 401k for a year or two.
Posted on 7/13/15 at 9:53 am to lsupride87
Whatever you say
I wouldn't let it stand in the way of a good job if that was my only quirk
The only job that I've had that used a similar policy had no vacation accrual. You got a lump sum on your anniversary date instead of accrual. It was pretty dumb but I didn't use it as a reason to take insult.
I actually had a vacation planned and was able to get a week the first year as part of negotiation.
Eta: aren't you still in school?
I wouldn't let it stand in the way of a good job if that was my only quirk
The only job that I've had that used a similar policy had no vacation accrual. You got a lump sum on your anniversary date instead of accrual. It was pretty dumb but I didn't use it as a reason to take insult.
I actually had a vacation planned and was able to get a week the first year as part of negotiation.
Eta: aren't you still in school?
This post was edited on 7/13/15 at 9:55 am
Posted on 7/13/15 at 10:01 am to Croacka
quote:
Well, it's not really that uncommon
At what level? Sure, for an hourly entry level position, you're probably not getting a week vacation on day one, but most professional positions you are. At least in my experience.
I also would not even consider a position that didn't offer some vacation/PTO from day one.
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