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Whether you're entering the workforce, changing positions or contemplating a big move, discussing a compensation package can be a sensitive procedure.
Important points to remember:

  • Make sure you have enough information to make an intelligent decision.

  • Determine your "market price". What is the minimum,average and "dream figure" you will accept.

  • Consider other forms of compensation and what they are worth. Some notable ones include cash bonuses, stock options or profit sharing, paid vacations and benefits.

  • Always discuss a compensation package in person.

  • Once you have made your decision to accept the position, do it verbally and get the offer in writing.