Strategies for Offers of Employment

After deciding on the candidates to offer the job, there may be some negotiations involved before the chosen candidate settle for the compensation package. Here are some strategies to help you:

1. Do your homework. 
   
   
2. Research salaries and compensation for similar job scopes in the same industry. Prepare a list of what you are willing to offer and stick to the plan.
   
   
3. Get the interviewees to commit before the selection is made. 
   
   
4. If the candidate has responded to your job posting indicating a salary range, you can assume that they are accepting the salary range. If the candidate is exceptional, you may consider offering 1 to 2 percent higher than the advertised salary. Another way is to check with the candidate during the hiring interview on their compensation expectations. This will allow you to have an indication of what they are demanding for.
   
   
5. Offer non-monetary perks.  
   
   
6. Package the salary together with other benefits such as a larger operating budget, more autonomy, flexible schedules, work-from-home options, a good physical work environment, etc. Money is not the only consideration to attract high performing employees.
   
   
7. Do not oversell the position.
   
   
8. While you may think that you have the perfect candidate, it is advisable to be prudent in offering too much based on salary alone. If the candidate has some misgivings about the position, it is best to address these up front. Individuals with in-demand skill sets may choose to take up positions where they can be challenged, despite lesser compensation.