- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Negotiating a signing bonus and making a counter offer
Posted on 6/4/15 at 10:24 am to LSUfan20005
Posted on 6/4/15 at 10:24 am to LSUfan20005
quote:
I'm sure you already have, but make sure that the net amount is what you think it is (after taxes, how is it taxed, etc).
I am not a CPA....You should work with the company and try to treat the signing bonus as a RELO cost and not a bonus (taxable event). If they (and you) treat the $1500 as income then you both lose as it cost you and them $$ in taxes. The relo should be treated as an expense to both you and them. If they still want to treat it as a bonus, then I am pretty sure you can write off your relo expenses on your 2015 income taxes.
0
Posted on 6/4/15 at 10:24 am to goldennugget
Cheap asses.
I never got a bill. Co. arranged all bills to them direct for everything, moved my shite for me (including cars), flew me in with family, and sent me a credit card for my eating expenses. Put me up for 6-month (maximum) if I needed it in corporate suites while I sold my home and found new one.
I never got a bill. Co. arranged all bills to them direct for everything, moved my shite for me (including cars), flew me in with family, and sent me a credit card for my eating expenses. Put me up for 6-month (maximum) if I needed it in corporate suites while I sold my home and found new one.
This post was edited on 6/4/15 at 10:28 am
Posted on 6/4/15 at 10:33 am to goldennugget
Supervisory to the grade you're not directed with cost center budgetary responsibility I assume. And with that known, Relo below a director level is likely night and day. That's not HR's call, that's Sr. Mgt.
My advice? Get creative. Propose ancillary expenses be submitted after relo in the form of an expense report. In the meantime, simply calculate the percentage of current pay vs new pay, drift of cost of living now/Seatlle, crunch the numbers minus what you could be pos/neg in the first 12 months and decide what's the best strategic move.
In short, if $1200.00 is going to cut you close to being where you are today, why move at all?
Posted on 6/4/15 at 10:37 am to Sao
quote:
In short, if $1200.00 is going to cut you close to being where you are today, why move at all?
1. The position is a big step up for me in terms of the prestige of the job and what my role is
2. The pay increase I am getting is substantial even after factoring in cost of living.
Posted on 6/4/15 at 11:03 am to goldennugget
It can never hurt to ask. Every job I have had when I have asked for more money and lay out the reasons why I have never been turned down. We don't get the things we don't ask for 100% of the time.
Posted on 6/4/15 at 11:07 am to carlsoda
Update: Got turned down, offer stands as it is. Should I keep holding out?
Posted on 6/4/15 at 11:16 am to goldennugget
Don't have it come across as an ultimatum or you will lose.
Posted on 6/4/15 at 11:18 am to goldennugget
quote:
Update: Got turned down, offer stands as it is. Should I keep holding out?
Did they give you a hard no or was it an open-ended response?
Posted on 6/4/15 at 11:25 am to goldennugget
No. Thank them for the consideration and tell them you're excited for the opportunity.
In management, always remember your two best friends. HR and IT/Desktop support. Meet them immediately and befriend.
Good luck.
Posted on 6/4/15 at 11:28 am to goldennugget
quote:
I need about $1500 more than what is being offered.
Double that
Eta. Damn update sucks , good luck
This post was edited on 6/4/15 at 11:30 am
Posted on 6/4/15 at 11:30 am to goldennugget
My wife just got a new job. No signing bonus, but they gave her $10,000 for moving expenses. It is a little overkill, especially since I am moving one apartment crosstown and the other apartment from Boston to NYC>
Posted on 6/4/15 at 11:36 am to goldennugget
quote:No, just record everything (other than food) for your taxes in the spring. Use priceline express deals to get your hotels.
Should I keep holding out?
Posted on 6/4/15 at 11:37 am to goldennugget
Is this your first job? 
Sucks your company doesn't have direct billing set up with a company. I am moving next month and go through UHaul with my company code and it directly bills them. I don't pay a dime except for the gas in the truck and food during my trip, which I will be reimbursed for when I do my relocation expense report.
Sucks your company doesn't have direct billing set up with a company. I am moving next month and go through UHaul with my company code and it directly bills them. I don't pay a dime except for the gas in the truck and food during my trip, which I will be reimbursed for when I do my relocation expense report.
Posted on 6/4/15 at 11:41 am to Marty McFrat
I just relocated and the company direct paid to move one car, pack and move all of my shite, plus got a sign on bonus and a lump sum moving incidentals bonus...paid mileage to drive the other car and will reimburse my spouses license applications in the new state
ETA: and reimbursed my apartment lease break fee and my overnight stay on the drive there
ETA: and reimbursed my apartment lease break fee and my overnight stay on the drive there
This post was edited on 6/4/15 at 11:45 am
Posted on 6/4/15 at 11:41 am to goldennugget
quote:
Following up on yesterday's thread where I got offered a new job, they are offering me a signing bonus to help with my relocation, the problem is that a moving truck and the gas for it going one way to Seattle is expensive as hell and will swallow up my entire signing bonus, and therefore won't cover hotels along the way to Seattle and in Seattle(Seattle hotels are expensive) and other relocating expenses like movers and a plane ticket. Since I haven't signed the offer yet what is a good strategy to make a counter offer on the signing bonus so it can be enough to meet my expenses? I need about $1500 more than what is being offered.
lol...
Posted on 6/4/15 at 11:57 am to goldennugget
Advice on this situation and every other in life: tell them exactly what you want. Do not make a move being unhappy before you start.
You're welcome.
You're welcome.
Posted on 6/4/15 at 12:08 pm to goldennugget
Not sure you're entitled to having your moving expenses covered. A signing bonus is a signing bonus - not a relocation reimbursement.
I'd hope $1,500 is significantly smaller than whatever the difference in income/cost of living you'll have with the new job. If it is, get over it.
I'd hope $1,500 is significantly smaller than whatever the difference in income/cost of living you'll have with the new job. If it is, get over it.
Posted on 6/4/15 at 12:10 pm to HurricaneDunc
quote:
I'd hope $1,500 is significantly smaller than whatever the difference in income/cost of living you'll have with the new job. If it is, get over it.
This. You're moving to the Pacific Northwest. That's a bonus all on it's own most of the time.
Posted on 6/4/15 at 12:21 pm to goldennugget
How big is this company? Public or private?
Posted on 6/4/15 at 3:02 pm to goldennugget
Get them move you, (pay for the turnkey move, pack you shite, movers, truck ect...). Expense the hotel and travel expenses or pay with signing bonus. It should not cost you anything to move to Seattle if they really want you in Seattle.
This post was edited on 6/4/15 at 3:04 pm
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News