Compensation Negotiation at Whole Health Management
Compensation Negotiation at Whole Health Management
Case #2:Name Your Price:Compensation Negotiation at Whole Health ManagementPlease respond to Jim’s email as if you were Monroe:Question 1: Base Compensation: $ 100,000 per year(Provide the complete dollar amount)Question 2:The standard number of options received by executives entering Whole Health at Monroe’s level is $ 10,000. What number do you propose you should receive? 3,704 shares (after one year) → $ 10,000 / $ 2.7 per share Question 3:Incentive Bonus: Up to $ 30,000 based on agreed upon goals.
Question 4:If you would want to append a note to Jim when you send him your compensation proposal, please provide the text of your message below. It can be as long or as short as you would like to be.“Jim,First, I want to thank you for giving me such a great opportunity. I really look forward to being part of the team and to learn and grow within the company. Then, I attached the compensation package you asked me to fill; I hope this will suit the Whole Health’s salary ranges. I want you to know that I more than ready to run hard and learn quickly. As a wise man once told me, “be always ready to work your ass off”. Well, I have always been, now more than ever.