The Top in Salary Negotiations
Talking about money with a potential employer might feel a bit awkward, but coming to terms that leave both sides content is crucial. Below, experts offer suggestions on how to prepare for salary negotiations.
Candidates who land offers at the higher end of a salary range are ones who can demonstrate to an employer that they are worth the price. Some ways to do that include:
- Quantifying experience. ("My client increased sales by 8 percent after implementing my marketing idea.")
- Researching the company beforehand so that you can tailor information to its needs. ("I see the company is interested in becoming 'greener.' Here are some ways I might be of help.")
- Pointing out any extras that set you apart (advanced training, special certifications, knowledge of a second language, etc.).
Ideally, both sides should have similar expectations regarding salary by the time an offer is issued. Yet sometimes there are surprises.
Finally, try to view negotiations as seeking a win-win situation for all involved. An employer with enough interest to go through all the stages leading up to an offer has already invested a fair amount of time and energy. The company may be just as eager as you to make things work.
Interview Tips: Negotiate a Job Offer in This Economy
About salary history and expectations often elicit feelings of anxiety, particularly when times are tough in the job market. Many who have been unemployed for several months worry their power to negotiate has diminished. Others know they are overqualified for the positions they seek and fear their salary history will screen them out of consideration. Here are some suggestions after a job offer:
· If the offer is more than you expected, congratulations! But you may get an even better one if you don't jump at the first offer. Pause long enough to give the employer the impression you may be expecting more. You may even ask for time to think over the offer.
· If another employer has made a better offer, that's the most powerful argument you can use.
· If you have no other offers, but your research tells you the going rate is higher than what the employer is offering, say so. Keep in mind that the employer probably has also researched the employment market, so be sure you have good sources to point to.
· If the employer won't raise the offer enough to suit your expectations, ask the employer to agree to review your salary sooner than normal.
· Employers who won't budge on salary offers sometimes are willing to make concessions on benefits or perks that you want. Maybe you can get stock options, extra vacation, use of a company car or the ability to work at home part of the week. Sometimes you can argue that you both will gain from the benefit; for example, if the company pays your tuition expenses for night classes, it will profit from your improved skills.
· You may also be able to get concessions on certain work responsibilities you either want or want to avoid. For example, you might ask to be given a managerial task that's not normally part of the job, and this eventually could lead to a higher-paying position. Any tasks you ask to avoid should be lower-level so that ruling them out would not interfere with your growth in the job.
· If possible, do all your negotiations face-to-face, rather than by telephone, because you can gauge people's reactions better in person. Sometimes, candidates will say and do everything right during the interview process and during negotiations and still won't achieve the job offer they were seeking. In these instances, Shatkin suggests telling the employer, "that the job is one you would like if the salary were appropriate, and thank them for their time and consideration. It is possible that they will not find someone else to fill the position and will reconsider hiring you at the salary you asked for."
Tip 6 Interview Questions Decoded
Job seekers should be aware that every question an interviewer asks is an opportunity to sell themselves as the most outstanding, must-have candidate for the job. In their book, Warner and Bryan identify some of the most popular interview questions, reveal what interviewers really want to know when asking them and offer tips to help job seekers develop a savvy response.
These questions include:
1. Would you be willing to pursue an extra certificate or credential?
What they're really asking: How is your attitude? How flexible are you?
Tips: Tell the interviewer how important professional growth is to you. Understand that the person who will impress the interviewer the most is the one willing to do the extra work.
2. Tell us about yourself.
What they're really asking: What makes you special? Why should we hire you?
Tips: Prepare several selling points about yourself. Give a quick "elevator speech" that overviews your experience and achievements.
3. What are your greatest strengths?
What they're really asking: How do you perceive your talents and abilities as a professional? Will you be an asset to our organization?
Tips: Sell yourself. If you don't promote your strengths, nobody else will. Prepare six or seven responses. Be "confidently humble."
4. Do you have any questions for us?
What they're really asking: Are you prepared to ask questions? How interested are you in this position?
Tips: List five or six questions on an index card. Ask at least one question, even if all of your prepared questions have been answered. Never say, "No, you've answered all of my questions."
5. What are your greatest weaknesses?
What they're really asking: How honest are you being about yourself with us? How realistic are you?
Tips: Present your weakness as a positive. Don't talk too long or emphasize your downfalls.
6. Why are you interested in working here?
What they're really asking: How dedicated are you? Do you have a passion for this type of work?
Tips: Keep your answer simple and to the point. Stay away from such responses as, "Many of my friends have worked here." This response isn't very impressive.
