How to Get the Money you’re Worth
How does your salary compare to those within
comparable industries? Do you even know what you’re worth? How
do you go about approaching current or potential employers with
money talk? All of these questions are part of a realistic
battle that many people are constantly fighting.
Salary negotiation is a difficult topic; one that your recruiter
could certainly help you through. However, if you’re ready to
fight the financial battle on your own, here are some tips of
the trade that our recruiters can suggest:
Don’t state a desired salary or range
that you wouldn’t be happy accepting. If you tell a
potential employer that you would be happy with something in the
$60k- 75K range, it will make it very difficult to get a higher
number once you have verbally agreed to something that falls in
that range. Additionally, if you give such a broad range, an
employer will assume you are happy with the $60K since you did
say that would be acceptable, even if you were hoping for the
$75K. Our tip here is to understand the range of what the
position is planning to offer and then tell them a number within
that range that would make you accept the offer if it was
extended.
Don’t be the first one in an interview
to broach “numbers.” This is common interviewing
etiquette, but for those of you that don’t know, let your
potential employer bring up salary, not you. Concentrate on
being the best person for the job. Prove that you have the skill
set, the experience, the personality and the corporate
sophistication to work at an organization, and then negotiate
your payment when the employer moves forward with a proposal or
offer.
Have all the facts and state your case.
People need to hear the facts, so when you’re negotiating a
salary for yourself, be sure to do some background research.
Here are a few websites that can act as a third party resource
to assist in your factual objectives and help you justify what
you’re asking for:
www.salary.com,
www.salaryexpert.com,
www.payscale.com
Focus on the Entire Package and not
only on the Salary. Although your base salary is
important, remember that often times other aspects of a
compensation package can be just as lucrative in the long run.
Often employers will throw in relocation compensation, bonuses,
stock in the company, extra vacation time, etc. All of these
things should be taken into consideration when looking to accept
an offer. Along this same line, if a company is inflexible on
salary, they may be able to create a more attractive package
that includes a sign-on bonus and equity in the organization.
Again,
working with a recruiter can be helpful as they are trained
experts at negotiating salary on their candidate’s behalf. As
always- the search consultants here at Clovis are available and
ready to assist you in your next career move- or to help you
consider your options. Your professional success is our success!
Contact your Clovis representative today!
The Clovis Team Bethesda 301.365.8480
Columbia 410.953.6940
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