What if the position is perfect, but the company has its budget for the position that is lower than what you current make?
This question was asked by an attendee during the Proformative
A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-how-win-your-compensation-negotiation
You need to assess whether what is offered is market based. You cannot assume that your current comp is market for the new position. Also look at the total package and the potential upside in the new position. Only you can decide if, all in, the offer is right for you.
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Excellent advice, Linda. When I left my former employer for my current employer I took a 10% pay decrease. I have been with my current employer nearly two years. I am still not making base what I was at my former employer. My work benefits include: better environment, less expensive health care that includes a lower deductible that my former company offered, and numerous others.
There are times I question my decision to leave the other company. Then I remember the benefits, monetary and environmental, that I have at my new company. In the grand scheme of things, I bring home more money per check because of my current employer’s generosity with its benefits.
Money isn't everything, but it can seem like it at times.
I would also add that you should consider the opportunities you have in the long term (the upside that Linda mentions). I have taken roles knowing that the promotional opportunities were much greater in the near term. Also, is there variable compensation that would outweigh just a salary? Think of the total compensation package as well as benefits as Chris mentions.
