{"id":154,"date":"2007-01-21T22:08:44","date_gmt":"2007-01-22T06:08:44","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/2007\/01\/21\/salary-negotiation-101\/"},"modified":"2007-01-21T22:08:44","modified_gmt":"2007-01-22T06:08:44","slug":"salary-negotiation-101","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2007\/01\/21\/salary-negotiation-101\/","title":{"rendered":"Salary Negotiation 101"},"content":{"rendered":"<blockquote><p><strong>Reuters<\/strong>: <a href=\"http:\/\/today.reuters.com\/news\/articleinvesting.aspx?type=newIssuesNews&#038;storyID=2007-01-19T171701Z_01_N19314201_RTRIDST_0_SALARYCOM-IPO-URGENT.XML\"> Salary.com sets IPO at 5 mln shares, $8-$10 each<\/a>. Salary.com, which provides on-demand compensation management products, set on Friday its planned initial public offering at 5 million shares for an estimated price of $8 to $10 each. <\/p><\/blockquote>\n<p>When I saw the above article, I headed straight to SEC EDGAR to take a peak at Salary.com&#8217;s material contracts.  I wish they had more employment agreements on file, but I could only find the <a href=\"http:\/\/contracts.onecle.com\/salary\/goldman-emp-2006-03-02.shtml\">employment offer letter between Salary.com Inc. and Kenneth S. Goldman<\/a>.  Naturally, the question that follows is how does his compensation compare with Salary.com&#8217;s salary range?  From the offer letter, we can see that Kenneth Goldman was offered a position as the Senior Vice President and Chief Financial Officer for Salary.com, Inc.  In terms of compensation, here&#8217;s the relevant paragraph from the offer letter:<\/p>\n<blockquote><p>\nYour overall annual total cash compensation package for expected performance should total $259,000.00 per year. This will consist of a base salary of $185,000.00 and an annual variable incentive component targeted of forty percent (40%), as part of the senior management bonus pool; based on your individual and team performance, as well as the company\u2019s satisfactory performance against goals and objectives.\n<\/p><\/blockquote>\n<p>Next, I hopped onto the Salary.com website and looked up the salary range for CFOs in Needham, MA, where Salary.com is located.<\/p>\n<p align=\"center\"><img data-recalc-dims=\"1\" decoding=\"async\" id=\"image151\" src=\"https:\/\/i0.wp.com\/www.onecle.com\/blog\/wp-content\/uploads\/2007\/01\/salary.jpg?w=580\" alt=\"salary.jpg\" \/><\/p>\n<p>Uh, his base salary is in the bottom 10th percentile.  I think he needs to go back in and ask for a raise based on the salary data he found on some job salaries website. \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters: Salary.com sets IPO at 5 mln shares, $8-$10 each. Salary.com, which provides on-demand compensation management products, set on Friday its planned initial public offering at 5 million shares for an estimated price of $8 to $10 each. When I saw the above article, I headed straight to SEC EDGAR to take a peak at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,10],"tags":[],"class_list":["post-154","post","type-post","status-publish","format-standard","hentry","category-employment-agreement","category-ipo"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}