How to Handle Pending Incentives Before Joining a New Place
Figuring career decisions while managing pending incentives can be challenging, especially when you have job offers but unresolved financial benefits from your current role. For women, the lack of resolution on pending incentives can affect their ability to make confident career moves, potentially delaying career advancement opportunities and impacting long-term financial security.
Here are strategic approaches to handle your pending incentives and make informed career decisions. Whether choosing to join a new organisation or stay in your current one, many Iron Ladies have successfully secured their incentives by applying these tactics.
3 Key Strategies to Manage Pending Incentives and Career Choices
1. Negotiate a Delay in Joining or Request a Joining Bonus: If you’re considering joining a new organisation, you have two options:
(a). Negotiate a Delay in Joining: Request your new employer to allow a delayed start date to ensure you receive the pending incentives from your current job.
(b). Request a Joining Bonus: Alternatively, ask for a joining bonus that covers the pending incentives, ensuring you don’t miss out on the financial benefits owed to you.
Example: “I’ve received an attractive offer and am excited about joining your team. However, I need to consider my pending incentives from my current job. Could we discuss a joining bonus to cover these, or perhaps a delayed start date to accommodate their disbursement?”
2. Express Gratitude and Negotiate Within Your Organisation: If you decide to stay, express gratitude for the incentives that have been released and use this opportunity to discuss future strategies for increasing sales and results. Emphasise that while the incentives are for past performance, a salary increase would motivate future contributions.
Example: “I appreciate the release of the pending incentives. As we move forward, I’d like to discuss how we can continue to drive results and how my role can evolve to reflect these contributions, including a review of my salary to better align with the increased responsibilities.”
3. Communicate Commitment but Highlight New Opportunities: Show your current employer that you are committed due to the released incentives but highlight the necessity of growth opportunities to prevent attrition risks. This demonstrates that while you value their consideration, long-term retention depends on continuous career advancement.
Example: “Rejecting other offers due to the incentives shows my commitment to the company. However, to continue this trajectory and prevent any attrition risks, itโs crucial to discuss potential growth opportunities and how we can align my career path with the company’s goals.”
By negotiating joining terms, expressing gratitude, and emphasising the importance of growth opportunities, you can manage pending incentives effectively and make informed career decisions.
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