Sunday, November 14, 2010

Salary Negotiation

After my last blog post, I decided to do some more research on salary negotiation. I joined Target right out of undergrad and accepted their salary offer point blank, with no negotiation. After watching several youtube videos I decided this video was most beneficial!

Here are some tips from the video:
1. Don't bring up salary too soon! Wait until they are completley interested in you and let the employer ask about salary first.

2. Don't reveal your bottom number

3. Do your homework - know what comparable region and national salaries are.

4. Do take time to think. After the employer makes an offer, repeat the number and go home to think about it.

5. Be able to explain why you are asking for more, and how you will be able to benefit their company.

Most importantly - DO negotiate! 80% of recruiters expect candidates to negotiate, but only 30% actually do, that number is even less for women. The least you can do is ask, otherwise you could be leaving money on the table.

3 comments:

CBurky said...

So true. I would add that for anyone interested, you can negiotiate government jobs too. Most people think (I did initially as well) that you're hired at a grade level in local, state or fed government, and that's that. NOT TRUE! There's always room for negiotiation. Most government agencies have tuition reimbursement or loan repayment incentives...you just have to ask!

Marcela F. said...

I think the first step when you look for a job is to capture the attention and the interest of the interviewer in a very subtle way before you start to negotiate. It is important that they see you as someone that is going to make a difference in the organization. If you do this well you can negotiate and expect to receive something without doubt.

Luke Shoemaker said...

I think this article is great because it’s all the things that they teach you in college. Most importantly, do negotiate! This will be a better way of doing things when I have some experience under my belt. At my current job, when I tried to negotiate salary, they shot me down right away. They said non-negotiable right away and I could take it or leave it. When I got promoted, it was the same deal. You definitely need a BATNA (Best Alternative to Negotiated Agreement) to go about a salary negation effectively. Right now, I’m looking for a BATNA; in other words, I’m keeping my eye out for a new job!