Final answer:
The total compensation package, which includes benefits like health insurance and retirement plans, can offset a lower hourly wage.
Step-by-step explanation:
When considering expected compensation, it's vital to look beyond base pay to the total compensation package. This package can include employee insurance, particularly health insurance, retirement plans, employer payments to Social Security, unemployment, and worker's compensation insurance, as well as Medicare and other benefits. These are often valued components that may make up for a lower hourly wage.
Negotiating can be an essential step in accepting a job offer. Before starting the negotiation, research the salary range on sites like salary.com to understand the market rate. When negotiating, it’s practical to aim for a higher rate but remain flexible. Mention the hourly rate you're seeking, as seen in the phrase "I would like to discuss the possibility of moving the offer closer to $28/hr." It is also common to discuss and confirm other terms like start dates and responsibilities.
Moreover, ask if there’s a possibility of renegotiation of salary or benefits within 6-12 months from the start. This shows forethought and an understanding that compensation is part of an ongoing dialogue between employer and employee. Lastly, remember to convey appreciation for the offer and willingness to accept it, which is the first step in confirming engagement and starting the negotiation process.