2023 Senior Fellows Program (2nd & 3rd Year) | August 2023-Negotiations 101

Video Transcription

Video Summary

The video discusses contract negotiations and provides advice for individuals seeking job contracts. The speaker emphasizes the importance of negotiating and not settling for what is initially offered. He highlights that the worm has turned, meaning that job seekers now have more power and are in a position to negotiate due to their skills and ability to generate revenue. The speaker advises against going into a job interview with a begging mentality, as job seekers are no longer beggars. He emphasizes that negotiations are necessary, even if individuals are not trained in it.<br /><br />The speaker also stresses the importance of getting a lawyer to review the contract. Lawyers are trained in contract negotiations and can advocate on behalf of the individual. The speaker mentions that contracts are often drawn up by attorneys, so having a lawyer to review the contract is essential. Although hiring a lawyer can be expensive, the speaker believes it is worth the cost and suggests not being stingy with paying for their services.<br /><br />The speaker also discusses various aspects of contract negotiations, such as start date, duties, call responsibilities, salary, restrictive covenants, termination clauses, and other benefits like relocation funds, educational time, school loan repayments, and signing bonuses. He advises individuals to understand what matters most to them in a job and to recognize that most people leave jobs for non-financial reasons.<br /><br />Overall, the video emphasizes the importance of negotiation and the need for legal assistance in reviewing contracts. The speaker provides practical advice for individuals seeking job contracts.

Asset Subtitle

Douglas G. Adler, MD, FASGE

Keywords

contract negotiations

job contracts

negotiating

lawyer review

start date

salary

non-financial reasons