Secret:
Employers rarely make their
best offer first, and those who negotiate generally earn much more than those
who don't. And a well-thought-out negotiation makes you look like a stronger candidate and employee.
Those people who attempted to
negotiate their salary in a constructive way are perceived as more favorable
than those who didn't negotiate at all, because they were demonstrating the
skills the company wanted to hire them for.
You can start laying the groundwork
for your salary negotiation even before the first interview. Here's a
step-by-step guide:
During the Interview Process:
• Do Your Research: Learn about
the company's salary ranges and benefits as well as industry salary ranges
before the first interview. Also learn about the company, its competition and
the industry. Then think about what you want from the job, both in terms of
salary and benefits, as well as opportunity and upward mobility. This
information will become valuable during the interview and salary negotiation.
• Don't Talk Turkey Too Early: You never win
by talking about money early on. The time to talk about money is when they've
fallen in love with you. Before that, you're just one of many easily dismissed
candidates. But once the employer has decided you're right for the job,
"it becomes an issue of, ‘how are we going to make this happen?"
• Avoid the Salary Requirements Trap: You're trying
to determine who you want to continue in this process, and it doesn't make much
sense to pursue candidates you aren't going to get. Secondly, the tendency is
for people to low ball their salary range, because they don't want to get out of
the pool. My preference is to figure out, independent of these issues, the
degree to which there is a good fit here and the extent to which I can bring
value to this organization and the extent to which I'm going to be fulfilled
and involved and committed to this position. I suggest we wait to have the
salary conversation until you're prepared to make an offer." If they still want a number, leverage
your research to talk industry-standard ranges, not specific numbers.
At Time of Offer
• Strike First: Try to mention a
specific salary before the employer does. This will start the negotiations in
your ballpark. "The whole negotiation is based on that first offer".
• Don't Commit Too Quickly: The employer
often offers the job and salary simultaneously. Never say yes right away --
even if you like the offer. Tell them you'll give them an answer within a
certain time frame.
• Make Them Jealous: If you've
been interviewing for other jobs, call those prospective employers, tell them
about your offer, and see if they can speed up the interview process -- or make
you an offer. Knowing you have another offer will make you more attractive to
them. When it's time to answer the first employer, mention the other employers'
interest to help boost your value. But don't make up imaginary offers. It's
easy to check, and the interest alone will help you look good.
• Articulate Your Expectations: Tell the
employer what you want from the job, both in terms of salary as well as
benefits and opportunity. It may be time off, flexibility about where you work,
autonomy or ownership over a particular area, it may be your title whatever
has a perceived value to you.
• Negotiate Extras: If the
employer can't offer you the salary you want, think about other valuable
options that might not cost as much. Education can make a big difference in
your long-term marketability.
• Quantify Your Value and
Performance: Mention your value in quantifiable terms, such as how much money
you saved your company and how your projects increased revenues by X thousands
of dollars. Then tell them specifically how valuable you expect to be in your
new job. You also can add a few contingencies
showing your confidence in your performance. You could ask the employer to give
you a salary review after six months rather than a year or for a year-end bonus
if you make a certain amount of money. "It shows that you believe in
yourself and are committed to bringing what you say you can do". "You
believe you are going to bring significant value to the organization.
Source: Internet
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