The Golden Rule: Never Accept on the Spot
When the offer arrives, resist the urge to say yes immediately, even if you're thrilled. Express enthusiasm, then ask for time: "I'm really excited about this — thank you. Could I have 48 to 72 hours to review the details?" This is standard. No reasonable employer will hold it against you. What happens next is where the actual money is made.
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Breaking Down the Offer
An offer is more than a salary number. Here's the framework for evaluating the total package:
- Base Salary — Compare against market rates for your role, level, and location
- Variable Pay — Target bonus %, OTE for sales, review frequency
- Equity — Type (RSUs vs options), vesting schedule (usually 4 years with a 1-year cliff), strike price vs current valuation
- Health Benefits — Coverage quality, premium cost, dependent coverage
- Retirement / PF — EPF matching, NPS contributions, gratuity eligibility
- Leave Policy — Annual, sick, parental leave
- Remote Work Policy — Fully remote, hybrid, mandatory office days
- Professional Development — Learning budget, conference allowance, course reimbursement
- Joining Bonus — One-time payment, clawback period
- Role Title and Seniority — Levelling affects every future negotiation
- Growth Trajectory — Realistic path to the next level
Researching Market Rates
Before negotiating, validate against Glassdoor, AmbitionBox, Levels.fyi, LinkedIn Salary Insights, and peer conversations. Set three numbers: stretch, target, walk-away minimum. If the offer is above your target, negotiate the non-salary elements. If below your minimum, it's time for a candid conversation. A friend got an offer at ₹28 lakh from a Series B SaaS company. She'd validated the market range was ₹32 to ₹38 lakh for her level. Negotiated to ₹34 lakh plus a ₹3 lakh joining bonus over two emails and one call. Twenty minutes of work, ₹6 lakh extra.