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How do you negotiate salary?

Discussion in 'BBS Hangout: Debate & Discussion' started by DraftBoy10, May 13, 2013.

  1. HR Dept

    HR Dept Member

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    We send all offer letters out via email.
     
  2. YallMean

    YallMean Member

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    Google parol evidence rule.
     
  3. bongman

    bongman Member

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    I understand that rule. A signed written contract trumps everything.

    What does that have to do with the negotiations? The point I am makiing is if you are about to sign a formal letter offer and discovered there are discrepancies. You have an email that you can present that shows your claim. They will have to HONOR that offer.
     
  4. YallMean

    YallMean Member

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    What offer? An irrevocable offer made in the email earlier? An offer made in the email and has been accepted before the paper offer? An offer made in the eamil but hasn't been accepted? Or just whole bunch of back-forth between you and the potential employer?

    Why are we arguing this? If this is at-will situation, they can even fire you shortly after your job starts. They don't have to hornor anything.
     
  5. bongman

    bongman Member

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  6. Dairy Ashford

    Dairy Ashford Member

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    Go to the smallest firm, with the least amount of people and facilities/assets. They're either poised for growth, can afford to manage their assets more profitably, have shorter lead-time to advancement or caste barriers to interesting work, or your job will be routine enough that you can make the most of your off hours from a developmental or networking standpoint.
     
  7. DraftBoy10

    DraftBoy10 Member

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    Seems like it. It's only been two weeks but they have talked highly of me to their team that is already in place, so when I went for my first day of work people were "aware' of me. I'm young, so I felt that pressure.

    The corporation is top 20 in the world, in regards to size/profit, etc., but very new to Houston and even North America in general. I believe offices opened late 2009?

    Based out of Europe, with 5 of their major offices in Europe, one in Singapore, and now finally one in North America(here in Houston). They have high hopes for me, from what I can tell. But I still must take it day by day and week by week. With the potential of the place and my development being really, really high, it's also every bit as risky given if they don't make it...they completely scratch Houston off their books for the short-term and I'm jobless. It's a double edged sword catching on this time--though I'm in belief it'll be growing strong here as it has each and every year.
     
  8. DraftBoy10

    DraftBoy10 Member

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    I had no intent to convey my position via e-mail. She, the HR lady, sent me one. From what I got out of it, they wanted someone in ASAP. So I just replied back via e-mail.

    I was going to call her and be very clear. But she e-mailed, I told her what I was thinking, she agreed to the new terms.
     
  9. DraftBoy10

    DraftBoy10 Member

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    When talking salaries, everyone talks pre-tax, I always think post-tax and post deductibles(5% to pension/IRA plan), benefits, etc.

    So when someone tells me like $52k($1k a week), I know that's more like 720 a week after all deductibles and tax. So it was based off that adjustment.

    They agreed to my contract, 3 weeks ago, I've been here in 2 weeks and so far so good. Their are a lot of goodies in this contract that come about every qtr(90 days), so I'm looking forward to this. Hopefully, all sails smoothly.
     
  10. brantonli24

    brantonli24 Member

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    Agreed. Had a casual chat with an HR at Nomura in HK, and basically they know the HR of every other investment bank and everybody knows one another.
     
  11. Invisible Fan

    Invisible Fan Member

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    It's good to have that kind of pressure. you sound level headed. studies have shown that as long as the challenges are new and fresh, burnout wont come into picture.

    By doing your best in good faith, even failure can lead to future success
     
  12. DraftBoy10

    DraftBoy10 Member

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    Last line holds true. I was fired from my first job, or apart of a dozen person lay off. This was 3 months into my first "job", so we're talking mid August of 2012. I did my job fine, but that's the nature of turnaround in O&G corps at entry-level or a step above.

    I haven't changed my approach of doing my job with a lot of efforts, but I really go day by day. That was a horrible feeling. Won't forget that one bit.

    The downside to this corporation I'm in, and I'm seeing it quickly is that pay is well below market value(from basic job salary sites I'd say they are in the bottom quarter overall but arguably the least salary incentive for an O&G corp). The perks are nice though; 4-5 weeks paid vacation, travel, 5% matching 401k, excellent medical plan(can get Lasik), 37.5 hour work weeks. I did a search just browsing to see how long people have been there; turnaround is high just not on employer's side but more so the employee's side. It's like a stepping stone.

    I can't argue though-- at 22, I never thought I'd earn this much money, so I will still use it as a stepping stone but I am grateful. Let's hope I don't get fired.
     

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