The company you have been working for over three years comes with an offer on promoting...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The company you have been working for over three years comes with an offer on promoting you from the sales representative to the sales floor manager. Your current compensation with Company A is 43K/year and this does not include benefits. Company A is roughly 45 min drive from your home. The current offer does not include any benefits package however it offers an increase of 10% to your salary and after 3 years will increase it again only if the quarter sales will increase by 2-5%. You also recently received an offer from another Company B that is 30 minutes away from your home for the same sales floor manager position but with a lower salary of 45k/year and no benefits package included. However, Company B will increase your salary once a year by 2-5% (depending on your performance) and this will be valid after 2 years of full-time employment with them. 1. Explain what would be your steps in preparing for this negotiation? 2. Explain what would be your counteroffer for company A and company B? Explain the logic behind your choice. The company you have been working for over three years comes with an offer on promoting you from the sales representative to the sales floor manager. Your current compensation with Company A is 43K/year and this does not include benefits. Company A is roughly 45 min drive from your home. The current offer does not include any benefits package however it offers an increase of 10% to your salary and after 3 years will increase it again only if the quarter sales will increase by 2-5%. You also recently received an offer from another Company B that is 30 minutes away from your home for the same sales floor manager position but with a lower salary of 45k/year and no benefits package included. However, Company B will increase your salary once a year by 2-5% (depending on your performance) and this will be valid after 2 years of full-time employment with them. 1. Explain what would be your steps in preparing for this negotiation? 2. Explain what would be your counteroffer for company A and company B? Explain the logic behind your choice.
Expert Answer:
Answer rating: 100% (QA)
1 I would prepare in the negotiation to increase by current compensation to 50Kyear depending upon t... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The organization for which you have been working for five years is suffering from a global recession. In response, it changes your compensation structure. Discuss the role of moral intensity, moral...
-
This is your first project concerning the company you have chosen to analyze. Please attach and submit your excel spreadsheets here below. This should include both the vertical and horizontal...
-
As a Purchasing officer, you have been working for the city police department for the last 6 years and recently have been promoted to the role of Sourcing and Procurement Manager. Since the Police...
-
Scandinavo Ltd. is a CCPC that began operations on January 1, 2020 when it was first incorporated and a calendar fiscal period was chosen. Scandinavo Ltd. Is not associated with any other...
-
Bohmann Company is preparing its opening IFRS statement of financial position on January 1, 2012. Under its previous GAAP, Bohmann had capitalized all development costs of $50,000. Under IFRS, only...
-
Comparative statement of financial position accounts of Secada Inc., which follows IFRS, follow: Additional information: Secada Inc. has adopted the policy of classifying interest paid as operating...
-
Identify each of the following as land (L) or land improvements (LI): 1. Survey fees 2. Fencing 3. Lighting 4. Clearing land 5. Parking lot
-
The financial statements of Apple Inc. are presented in Appendix A. Instructions Answer the following questions. (a) What was the amount of net cash provided by operating activities for the year...
-
Dolphin Plastics is considering replacing molding equipment used to make party cups. The current equipment was purchased two years ago for $95,000. At the time of purchase it had a 7-year life with...
-
Services to persons or entities that are requested by a third party require ______. a) Clarification of the nature of the relationship with each party, use of services, and limits to confidentiality...
-
1). A cashier cashed a check from a customer in payment of an account receivable, pocketed the cash, and concealed the theft by properly posting the receipt to the customers account in the accounts...
-
Warren Co . , located in Canada, purchased raw materials from a supplier in US for $ 8 5 , 0 0 0 US on June 1 6 , 2 0 2 2 on credit with payment date as October 1 6 , 2 0 2 2 . Warren Co . prepares...
-
Go to the Bureau of Labor Statistics website. Click on and review the following links to describe about the relationship between age, race, gender, and unemployment? 1: Employment Situation Summary...
-
A uniform electric field of strength E = 24.6 N/C exists in a region between two oppositely charged plane parallel plates separated by a distance d = 2.53 cm. A charged particle with a mass of...
-
Explain why accurate accounting information helps with the overall analysis of the business. Discuss how inaccurate or false information impacts the business. In your opinion, discuss the importance...
-
Part A A ball is dropped from the top of a 55.0 m -high cliff. At the same time, a carefully aimed stone is thrown straight up from the bottom of the cliff with a speed of 20.0 m/s. The stone and...
-
Assume you are a medium sized organic food and beverage company owner impacted by the recent pandemic. You revisited your business strategy and decided to focus on building company resilience to face...
-
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
-
Gunz Inc. is a medium-sized company involved in the manufacture of paints in northern Ontario. It has been owned since inception by the Gunz family. However, the younger Gunz family members are...
-
The statement of nancial position of Columba Ltd. at December 31, 2011, was as follows: The recorded amounts of Columbas identiable assets and liabilities at this date were equal to their fair values...
-
P6-7 You are given the following details for the year ended December 31, 2013: Additional information: 1. Grantham owns 80% of the common shares in Lopez and 20% of the common shares in Ceylon...
-
On very good authority, companies were expecting that an operating and financial review statement would become a statutory requirement. And then the Government changed its mind upsetting almost...
-
What type of information will normally be included in the last few pages of an annual report?
-
1. What is meant by corporate governance? 2. What is a remuneration report? 3. How has it come about? 4. List four items that it should include.
Study smarter with the SolutionInn App