How to Negotiate Your Salary
As the job market is beginning to show signs of life, a unique phenomenon is happening and if you jump on the bandwagon it could cost you.
“As people who have been looking for work a long time start to get back into the workforce, many of them are so happy just to get a job that they sometimes accept a lower salary than they have to,” says Bill Humbert, author of RecruiterGuy’s Guide to Finding a Job (www.recruiterguy.com). “Some employers feel that they can probably get away with a lowball offer, and many job hunters will grab it just so they can have a job.”
However, the truth is, there are ways to get the job and still get what you want. Here’s what you need to know.
Don’t offer salary requirements. When you are asked to include salary requirements with your resume, that is typically a company’s first screen, and it can be used against you, warns Humbert. “I’ve seen people agonize over what to reveal, because they are afraid of pricing themselves out of a good job. My advice is to simply put “open” in that spot,” he says. If your qualifications are on target, they’ll call you. If in the interview you’re asked what you made at your last job, reply by asking about the range for the one you are applying for. “You’d be surprised how managers or human resource representatives will tell you.
Don’t give away too much. In many job applications, an employer will ask for your salary history. It is perfectly fine to write “Willing to discuss at appropriate time during interview process” and leave those numbers blank. Writing down those numbers probably pigeonholes you, and reduces your negotiation power.
Don’t negotiate salary. Sounds crazy, but it’s not. “Don’t negotiate salary in the interviews,” says Humbert. Instead, negotiate when you’ll give them your salary requirements. You don’t know what you’d require until you have a clear picture of the job requirements and potential for advancement over the next five years. After you have that information, and you’re asked again for that number, respond by asking to go through what Humbert calls your “impacts” – areas of your job that directly impact the company’s bottom line. This discussion will allow you to demonstrate what you bring to the table. At the end of the discussion, simply tell them that you are very interested in the position, and that you’d seriously consider any offer they’d like to make.
Keep networking. Once you have a job offer, it’s not a done deal until you accept it. Until that happens, keep networking and looking for jobs. It may give you valuable market-worth data about the position you’ve been offered. It may also be a safety net in case something goes awry between the time you receive an offer and the time you accept it, says Humbert.
Accepting the offer. Once an offer is given, you have the right to ask for a clarification on it. Asking, “Is there any flexibility in this offer?”, may help to open a discussion of increasing the offer. If it does, don’t expect a large boost in pay, but rather, an extra week of paid vacation, a signing bonus or other such perks.
“Keep in mind that salary negotiation is more art than science, so these tips may not always apply,” says Humbert. For example, many hourly workers don’t have as much flexibility on pay, and some companies have policies that would require you to adjust the script a little to fit those situations. The key thing to remember, he says, is that you don’t have to give them a salary range that would jeopardize your earning potential, and that you don’t have to accept their first offer most of the time.
Remember, “They are interviewing you because they need to fill that position. It’s important to the company to have someone in that job, and while they are considering you, they aren’t doing you a favor. They need what you have to offer, so you should get the best offer out of them that is possible.”
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