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Stage 05 The offer

Reading an offer letter properly

The base salary is the number everyone looks at and the least negotiable part of the document. Most of what matters is in the clauses nobody reads twice.

8 min read  ·  876 words

An offer arrives and attention goes straight to one number. That is understandable and it is the wrong emphasis: the base is usually the most constrained element, and the terms that will actually shape your working life for the next two years are further down, written in language designed not to attract attention.

Read the whole document once for comprehension, then a second time looking specifically for the items below. Ask for anything verbal to be put in writing before you accept — a verbal promise about a review, a title, or a working pattern is unenforceable and is frequently made in good faith by someone who then leaves. Candidates evaluating workplace policies may also want to understand how this page differs from transparent monitoring practices.

The pay structure

  • Base, and whether it is quoted annually, monthly, or hourly, and for what contracted hours.
  • Bonus: discretionary or contractual, what it is measured against, whether there is a threshold, and — critically — whether you must be employed on the payment date to receive it.
  • Any pro-rating in year one. A bonus scheme joined in September usually pays a quarter, not a year.
  • Commission: the plan document, the accelerators, when commission is deemed earned, and what happens to it if you leave.
  • Shift, on-call, weekend or unsocial-hours premiums, and whether they are guaranteed or rostered.
  • Overtime: paid, unpaid, or absorbed into salary. In many salaried roles it is absorbed, and the contracted hours figure is what tells you.
  • The review cycle: when the first review falls, and whether joining in a particular month means waiting fifteen months rather than twelve.
The employed-on-payment-date clause

This is the single most consequential sentence in most bonus schemes. It means leaving in February can cost you the entire previous year's bonus, and it silently determines when you are able to resign.

Time

  • Annual leave, and whether public holidays are included in the figure or additional. This changes the real number substantially.
  • Whether leave accrues, and whether any may be carried over.
  • Notice period, on both sides. Asymmetric notice — three months from you, one from them — is common and worth noticing.
  • Probationary period, its length, and what notice applies during it.
  • Sick pay: statutory only, or contractual, and after what service.
  • Parental and family leave, beyond the statutory minimum.
  • Contracted hours, core hours, and any stated flexibility.

Where and how you work

If the working arrangement matters to you, it must be in the contract. "We are flexible about days in the office" said warmly in an interview binds nobody, and arrangements tighten. Ask for the specific pattern in writing, and if the answer is that they cannot commit it to paper, that is the real answer. For official U.S. guidance on wages and workplace rules, consult the U.S. Department of Labor.

Also check for a mobility clause allowing them to change your work location, and whether travel expectations are stated anywhere. the Consumer Financial Protection Bureau offers general financial guidance relevant to compensation decisions.

Restrictive covenants

Post-employment restrictions — non-compete, non-solicitation of clients or staff, confidentiality — are increasingly scrutinised by courts and regulators, and their enforceability varies enormously by jurisdiction and by seniority. Do not assume either that they are automatically void or that they are automatically binding.

Read for the scope: how long, what geography, and what activity. A twelve-month restriction covering your entire profession across a whole country is a serious constraint on your next move, whatever its ultimate enforceability, because the practical effect is that a future employer may not want the argument.

If the restrictions are broad and your field is narrow, this is a legitimate thing to negotiate — often more successfully than salary — and if the stakes are high it is worth paid legal advice from someone qualified in your jurisdiction.

Intellectual property and side work

Check whether the IP clause covers everything you create during the employment or only work related to the business, and whether outside work requires written permission. If you have existing projects, name them in writing as excluded before you sign. Doing it afterwards is much harder.

Conditions

Most offers are conditional. Identify what on: references, background or credit checks, right-to-work documentation, medical clearance, professional registration, or a DBS-type disclosure. Do not resign from your current job until every condition is satisfied and you have that confirmed in writing. This is the single most expensive mistake in the whole process and it is entirely avoidable.

What to ask for in writing

  • The full contract, not just the offer summary.
  • The bonus or commission plan document.
  • The benefits summary, with the actual employer pension contribution rate.
  • Any verbal commitment: title, review date, working pattern, training budget, start-date flexibility.
  • Confirmation in writing when all conditions have been cleared.

Taking time

Asking for a few days is normal and expected. "Thank you — I am very pleased. Could I have until Thursday to read it properly?" is refused very rarely, and an employer who refuses it entirely has told you something about how they treat people.

Use the time to read it twice, list your questions, and get answers before you accept rather than after. Once you have signed, your leverage is gone.

Before accepting
  • Full contract received, not just the summary.
  • Bonus terms read, including the employed-on-payment-date clause.
  • Leave figure checked for whether public holidays are included.
  • Notice periods, both directions, noted.
  • Working pattern in writing if it matters.
  • Restrictive covenants read for duration, geography, and scope.
  • Every verbal promise confirmed in writing.
  • All conditions cleared before resigning.

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