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How much less should I accept in a job offer if the company does not have the budget to meet my needs? (Webinar Attendee Question)

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 webinar "How to Win Your Compensation Negotiation" held on December 21, 2012.  Please join the discussion and add your insights below.

A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-how-win-your-compensation-negotiation

Answers

Topic Expert
Linda Wright
Title: Consultant
Company: Wright Consulting
(Consultant, Wright Consulting) |

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.

Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager, Dominion Development Group, LLC) |

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.

Topic Expert
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer, Milk Source) |

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.

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