There are many milestones you have to pass when going from
job seeker to job holder – filling out applications, smiling through phone
screens, selling yourself during in-person interviews and, eventually, talking about
compensation.
Upon receiving a job
offer, you may be tempted to immediately say yes, shake hands and ask when do I start. Slow down, take a
breath and tell them you need a day or so to make a decision.
Then start thinking about your worth. Most employers expect you to negotiate compensation – in
fact, they may be lowballing you a bit to leave wiggle room for negotiation. So
don’t feel greedy or ungrateful for speaking up about wanting more. But remember: Wanting more doesn’t mean you’re going to get
it. Skillful negotiation, however, will get you closer to the compensation you
deserve.
Here are some tips for getting to where you want to be.
1. Build Rapport
Begin laying the foundation for a fruitful salary
negotiation long before the topic is ever broached. From your first
interactions with a hiring manager (and anyone else you may meet at the
company), start to build rapport.
You’re not just trying to get top dollar for your skills and
experience – you’re also selling yourself. If the person you’re negotiating
with really likes you, she’ll be more
open to be persuaded that you’re worth what you say you are. It’s the old catch more flies with honey thing. Be the
honey!
2. Do Your Research
Before you start tossing numbers around you need to have a
good idea about what others in the area are getting paid for the same kind of
work. Lucky for you, salary information is easily available via the magical
thing we call the Internet.
CareerBliss, for instance, has a database of millions of salaries for all
types of jobs across all industries and locations. So do your research and come
to the negotiation with data to back up your salary desires.
3. Articulate Your Value
In addition to having salary data, you’ll need to be able to
articulate why you are worth the compensation you are requesting. Talk about
successes in past jobs, and provide a concrete plan for what you are going to
do in your new position to further the company’s goals. The idea is to give
them a good idea of that they are paying for.
If you’re new to the professional workforce and the employer
won’t budge, consider agreeing to the salary offered on condition that your
performance is reevaluated after 90 days and, if you have reached agreed upon
goals, your salary is increased at that time.
7 comments:
I would like to thank you for sharing tips as how to negotiate salary. These tips will be helpful to everyone who is thinking to take up a job or those who are thinking to change there jobs.
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This is a great blog post! Thank you for sharing. I especially liked that you mentioned articulating your value. I feel like that step often gets overlooked in salary negotiation articles. I recently wrote a blog post on how to conduct research for the strategic salary negotiation (your step #2). I think it might supplement your article well, just as yours supplements ours. http://careermovesjvs.blogspot.com/2012/10/four-tips-for-strategic-salary.html
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One thing to note while negotiating is to remain cordial and reasonable. The salary negotiation process should be a collaboration, not a conflict. Threatening to leave if you don’t get what you want or bringing up another job offer will give the perception that you are a disloyal and fair-weathered employee. It also signals to your boss that your motivations are purely financial. Read more: salary negotiation is key to a higher lifetime earnings.
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