Dear Samuel,
I’m going through an interview process for a CFO role that I would like. The position is an upward move with more responsibility. The company is reputable and I’m excited about this role. I’m one of two candidates being considered for the role.
My concern is that the process is taking a while. The longer the process drags out, the closer we get to year end, and the closer I am to leaving my bonus from my current employer on the table. Any recommendations on how to handle this?
Dragging in Detroit
Dear Dragging,
There are many things to consider when negotiating your CFO Employment Contract (See our recent blog on the subject).
In any job change situation it is important to ask yourself the following: “Taking money out of the equation for a moment, is this the right role, company and team to join for me to continue my career?”
If you’ve answered yes, it is at that point in time that you should consider what impact compensation will have on changing your answer.
If they want to bring you on board, the company will make you an offer. Once you get that offer, you will be in a position to see whether your answer will still be the same.
Then the negotiations begin.
Good luck,
Samuel
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