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Leverage the Offer: Always Ask for More
When receiving a job offer, always negotiate for a better package, as companies typically offer more than their initial proposal. The increase in signing bonuses reflects the trend of employers willing to invest in new hires, with statistics showing that the number of companies providing these bonuses has doubled in recent years. This increase in offers denotes a commitment from the employer, indicating that they still possess budget flexibility. Therefore, applicants should recognize that the balance of power shifts in their favor once a job offer is extended. Research shows that approximately 70% of signing bonuses are a result of candidates requesting them after receiving an offer. Effective negotiation at this phase is vital, as it is the optimal time to adjust compensation before officially joining the company, positioning candidates to maximize their potential earnings and benefits.