Name: Negotiation Course: Understand What You’re Negotiating For
Uploaded: 2024-05-06T11:12:23+00:00
Duration: 10 min 21 s
Description: The most common (and important) parts of a compensation package in tech are: base salary, sign-on bonus, equity, annual

Negotiation Course: Understand What You’re Negotiating For

The most common (and important) parts of a compensation package in tech are: base salary, sign-on bonus, equity, annual bonus. There are other high-value benefits such as a 401k match, paid time off (PTO), and healthcare, but these are typically not negotiable terms. 

It's important to figure out what are the negotiable terms and what are not. e.g. start date is be negotiable: if you don't care about this, you can mention to the recruiter that you're willing to start as needed if the company can offer flexibility on a term that you care about, e.g. salary.

Another important takeaway is that "negotiating a job offer" and "negotiating a salary" are NOT the same thing. You should negotiate the terms of an offer in parallel, not serially. Talk about the whole package rather than talking about individual components.

The most common (and important) parts of a compensation package in tech are: base salary, sign-on bonus, equity, annual 

We all know that software engineers are highly paid. The downside here is that tech compensation can be incredibly hard to understand, filled with so many different components.

"Should I negotiate?" Answer: “Is water wet?” It's not often just sending a few emails can literally make you thousands of dollars. It’s worth a shot.