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The Goal of
Salary Negotiation
Is Using A "Win-Win" Strategy
Although salary negotiation is an important factor in most job offer
situations, I think many people would agree that it is not only about
the amount of money you can make...but also that you feel you are being
fairly compensated.
As corny as it may sound, a "win-win" strategy is your best approach.
Believe it or not, companies also want to compensate you fairly.
Here are some key
concepts to consider when dealing with your salary
expectations.
- Employers don't want to lose the money
invested to bring you on-board....so they want to make sure you feel
you've been treated fairly.
- Plus the
reputation of the organization is also very important.
- If word gets out that a particular company
tends to "under-compensate"
their employees, they could lose some potentially great candidates.
- Companies are in the business to make a profit.
- To do so, they need to
attract and hire the best candidates possible. They want people to view
them as fair and equitable.
Before I entered my job interview, I conducted a little research on
job
"negotiation".
There are a lot of tools out there to choose from...I
obtained some good tips from the Negotiation.Com website. This provided
some good advice concerning the art of negotiation.
In addition, here are a few salary
negotiation strategies I've picked
up along the way.
-
Hold off making a salary request until as
late in the job interview
process as possible.
- If you are doing well in the job interview and
demonstrate how valuable you are, you will have more bargaining power.
- Although employers can be fairly
straightforward, to the point of
intimidating at times, try not to negotiate salary during the first
meeting.
- Request time to "sleep on it" and check with
your family. This
gives you time to research and evaluate your offer.
- One of the best strengths you have
during the job negotiation
process is "information".
- Gather as much about related salaries as you
can.
- Consider work area, job description, your
experience and related
positions within the company hiring you.
- If you are good at communicating and have a
knack at "sales pitches", then promote yourself.
- See yourself as the
product you are trying to sell.
- If the employer has stated that salary is not
negotiable, consider
other benefits to negotiate, as explained in the job opportunity
section.
- Don't negotiate for the sake of negotiating.
- Don't waste your time
or theirs.
- You will come across in very poor light.
- Give a reason why you think your deserve a
different salary.
- Draw on
your experience, education, training, skills, etc.
- Express the kind of
value you will bring to the company.
- And finally, get the offer in writing.
The key to effective salary negotiation is both you and the employer
coming out of it feeling like you've "won". Or better stated, "been
fairly compensated".
For additional job
application topics, such as the salary negotiation
section
here, check out the job
opportunity, hiring
process, job
offer and career
resource areas.


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