Navigating Salary Negotiations with Ericsson After Accepting a Higher Offer from a Start-Up

It can be a challenging situation when you have an offer from a reputable company like Ericsson with one salary package and then receive an even more attractive offer from a start-up. This article will guide you through the steps to take when approaching HR to potentially revise the salary offer from Ericsson, emphasizing the importance of evaluating both organizations comprehensively before making a decision.

Evaluating the Pros and Cons of Joining a Start-Up

Before making a decision, it is crucial to thoroughly evaluate the benefits and drawbacks of joining a start-up. Consider the following factors:

Workload and Work-Life Balance

Start-ups often offer flexible working hours and the chance to work on innovative projects. However, they may also come with higher workload and longer working hours. Evaluate how these factors will impact your work-life balance.

Financial Situation

Consider the start-up's financial stability. Research the company's revenue, cash flow, and investor support. A financially stable start-up is more likely to offer long-term career opportunities.

Employee Merit and Knowledge

Elevated merit-level employees at a start-up can provide you with valuable insights and contribute to your professional growth. Assess the knowledge and experience of the employees to ensure they align with your career aspirations.

Commute and Relocation

Evaluate the commute time and associated costs. Relocation expenses and transportation complexity can significantly impact your daily routine and financial wellbeing.

Future Career Impact

Consider how joining a start-up will impact your future career. Will it enhance your CV, provide exposure to various sectors, or limit your growth prospects in a more established company like Ericsson?

Personal Responsibilities and Relationships

Weigh the impact of joining a start-up on your personal responsibilities and relationships. Will it cause disruptions in your personal life, or will it offer new opportunities for networking and social connections?

Net Income Comparison

While higher salary is a significant consideration, it is important to factor in the net income from both organizations. Calculate the net income after taxes, insurance, and other deductions to get a clear picture.

Approaching HR at Ericsson to Revise the Salary Offer

When you decide to approach HR at Ericsson, it is crucial to approach the situation with a polite and professional demeanor. Here’s how to approach the conversation:

Engage with HR or Hiring Manager

First, schedule a meeting with the HR or hiring manager to discuss your offer and your current situation. Choose an appropriate time that is convenient for both parties. Stay calm and professional during the discussion.

Be Polite but Firm

Express that you have a better offer but are genuinely interested in continuing to work with Ericsson. Highlight your appreciation for the opportunity and your willingness to stay with the company if the situation can be adjusted.

Present Rational Arguments

Justify why you believe a salary increase is warranted. Provide factual information about the start-up offer, such as the increase in salary, and how this will impact your financial situation. Emphasize the value you bring to Ericsson and your commitment to the company.

Evaluate Their Decision

After the meeting, evaluate the response from Ericsson. Consider the pros and cons of accepting the revised offer or accepting the start-up offer. If Ericsson does not agree to a raise, make a decision based on your long-term career goals and personal life circumstances.

Dealing with HR’s Response

Based on the response from Ericsson, you can take one of two approaches:

Resign as Per Terms of Employment

If Ericsson insists on you resigning, it is a red flag. Good organizations will work to retain their top talent and may offer a counteroffer to increase your salary. Be cautious and consider whether the company values your contributions enough to make a change.

Ask for Proof of Start-Up Offer

Good organizations will ask for proof of your start-up offer before making a counteroffer. This verifies your claim and demonstrates seriousness in your negotiation. If they do not ask for proof, it might indicate a lack of interest in providing a fair compensation.

Conclusion

Approaching HR about revising your salary offer can be a challenging but necessary step in career management. By evaluating the pros and cons of joining the start-up and approaching HR with a professional demeanor, you can make an informed decision that aligns with your career goals and personal circumstances. Stay informed, stay rational, and take the time to make a well-considered choice.