Tips for successful salary negotiations
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Creators Syndicate
Tips for successful salary negotiations
When requesting a higher salary, don't go into the meeting empty handed. Bring information along that successfully illustrates why you deserver more money.
Posted: Thursday, October 21, 2010 12:00 am
Tips for successful salary negotiations
By Creators Syndicate
Lodinews.com
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In fatter financial times, many people are less fearful when
discussing or negotiating salary. However, as the country remains
mired in an economic slump, many people are content to be drawing a
salary at all, regardless of the amount of that salary.
While it's understandable that today's workers are simply happy
to be receiving a paycheck, that doesn't mean it's not possible to
negotiate salary, whether starting a new job or asking for more
money from a current employer. The following tips can help
employees looking to earn more money:
- Make a request, not a demand. No employer will react positively
to an ultimatum. When negotiating for a higher salary, begin the
process with a request and not a demand. Chances are strong that
the current economy has made the boss' job more difficult, and the
boss likely won't respond well to an ultimatum. However, he or she
may be empathetic to an employee's desire for more money, and
that's a much better way to begin the process than demanding a
higher salary.
- Be prepared. Preparation can make the difference between
success and failure when negotiating a higher salary. Employees
have reasons for requesting higher salaries and should be able to
communicate those reasons as concisely as possible. When listing
the reasons, steer clear of any negative comments, such as anything
that questions a coworker's competence. Such comments will stand
out to an employer, but not in a good way. Simply address your own
performance and why it's worthy of a higher salary.
- Let the boss go first. Once offered a job, let the employer
speak first when it comes to salary. Unless the starting salary was
listed in the job posting or previously discussed during the
interview process, the employer may offer more than expected. Give
the employer the opportunity to do so by letting them speak
first.
For employees asking for a raise from their current salary, it
obviously won't be possible to let the boss speak first. However,
once the subject has been broached, don't speak too long. Make an
initial point before letting the employer respond. This helps
establish a more relaxed tone to the conversation wherein each side
can hear the other's point. The process should be a negotiation,
not a simple question and answer.
- Don't ask for too little. Companies commonly review salaries on
a yearly basis. In the current economy, however, many companies
have put the review process on hold as they try to survive the
recession. That said, when negotiating a higher salary, don't be
afraid to ask for what you want, regardless of the economy. Asking
isn't receiving, and though you might not get exactly how much you
want, you never know.
- Consider asking for perks. If a higher salary simply cannot be
negotiated, discuss additional perks in place of a higher salary.
For example, a company likely won't be adversely affected by a few
extra vacation days or allowing employees to work from home once or
twice a week. Employees who are taking classes that can help them
do their jobs better should seek tuition reimbursement as well.
Such perks might not be company policy, but that doesn't mean a
company won't provide them in lieu of a higher salary.
Posted in
Women in business
on
Thursday, October 21, 2010 12:00 am.
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