Tony Lee | Smith | New York | Cash | King
You’re Hired!
by
Robert Mcgarvey
7 Honoring Thy Parents
More executives are asking for and getting help with taking care of
their elderly parents. Lee says some recruits even turn down offers
because they won't move away from a parent who needs them. Perhaps
they should read "Or Take the Virtual Me," above.
8 PayCheck
Don't be shy; ask to see the dollars. "Pay increases of 10 to 20
percent over present salaries are common for recruited executives,"
says Smith. And recruits now scorn Monopoly dollars. "Cash is
king," says Smith. "There is much less interest in options."
But don't take that too literally. New hires are negotiating
lucrative pay-for-performance bonus deals, says New York recruiter
Thomas Fuller. Some hard-nosed negotiators are winning pay packages
that will double or even triple their base salaries if specified
performance targets are reached. So, if a company won't budge from
its salary offer, ask for a "win-win" deal that sweetens your take
when the company gets the performance it wants. Many previously
reluctant companies are giving the nod to propositions such as
that.
9 Sign Me Up
After a long drought in 2003 and 2004, signing bonuses are making a
return. Now,
cash bonuses of up to 10 percent of salary aren't
unheard of for new hires, says Career Journal.com's Tony Lee. Some
particularly attractive candidates can negotiate as much as a 100
percent bonus. But if you don't ask for it, you won't get it.
10 Want To Keep Me?
Your current employer just might realize how worthwhile you are
when you have another offer in hand. "We are seeing many more
candidates receiving counteroffers," says Chuck Wardell, managing
director of leading recruiter Korn/Ferry International's New York
office.
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