I have been working as an Exempt (hourly) employee in my company and I am now being offered another position which will be non-exempt (salaried) within the company. I will have to relocate to a much expensive area (over twice the cost of living) than where I am living now.
I have worked a significant over time this year constituting nearly 40% of my earnings. I am likely to start salary negotiations next week. I am looking for tips or pointers on how I should negotiate given my scenario. The new job on offer is something I truly love to take up. However, I want to negotiate with a level head and not rush into my new position and later end up regretting it. Should I aim for double my present salary with no overtime given the huge difference in cost of living? Should I aim lower or higher?
What should I consider as a "no go" offer? What would be a fair salary?
Somethings to note are:
1. I have a house to sell. Should I ask my employer if they can take care of all my relocation including sale of my house or negotiate a lump sum amount for relocation and I take care of relocation myself.
2. There is another position in the company, possibly in the same building as my new job would be that my wife is interested in and is qualified for. Would it be a bad idea to link my salary negotiation to my wife being considered for that job?
My future manager called me yesterday to tell that they have decided to make me an offer. The HR will be preparing my offer next week. So, I want to be prepared for salary negotiation. I would very much appreciate if any one in this forum can give me advice on how to negotiate. It will be great to hear anybody's personal experiences in similar circumstances too.