2 things that will mainly determine the offer that Technip makes:
1. Your last drawn salary (assuming you sent your payslips in)
2. Internal benchmarks / HR ranges as well as what the existing team is paid to ensure equity
But here's a strategy for you:
don't take the first offer. When HR or the hiring team calls you to deliver the offer, decide if you will be negotiating via email or the phone or F2F (whatever works best for your confidence, there is no perfect method of communication).
Ask for the full set of details: additional EPF contributions? your outpatient coverage and hospitalisation? does it extend to family/dependents? what fringe benefits exist, eg. optical/dental/gym memberships/educational stipends/etc.? what the annual increment rate is, what the average bonus payout has been in the past 2 years? what your target payout will be? What kind of travel do you get to do or WFH? What about annual leave policy?
Casually mention you are also at offer stage with another company but are more keen on Technip due to market presence/dominance, exposure, learning opportunity, the manager himself, whatever. Hence the importance of understanding all monetary and non-monetary benefits of the offer as well as the job opportunity itself. That way it is easier to make comparisons. Also helps A LOT if you actually have a competing offer, but it doesnt even always have to be that. Alternatives may be in the form of starting your own business, or staying on at your current company.
Now of course if it's a massive jump and you're happy by all means go ahead and take it.
It is a technical role in a sector known for volatility though, so you really should try to price the risk in.
All sorts of ways to negotiate for more.
- Is the timing right - eg. are you due for a promotion soon at your current company? or is performance bonus paid out next quarter that you will lose out on? Ask for that to be priced in.
- Have a competing offer? Ask them to make it sweeter. HR says they can only pay X due to internal benchmarks blah, fine - can they do a sign-on bonus, or an increment upon confirmation, or a guaranteed bonus after 12 months? Doing lots of coursera classes and want to be reimbursed? Ask if they could.
Remember that asking for an extra RM 5,000 - 10,000 per year isn't going to change an employer's mind about you. The fully loaded cost of hiring you (salary, epf, insurance, administration costs, your desk, laptop, office resources - more snacks or beer?) is in fact more than double the actual salary they are paying you.
But the extra cash in pocket you get could mean so many things if you believe in the magic of compounded interest (everything good in life comes from compounded interest).
Very useful. Thanks for sharing.