Negotiate Your Way to a Bigger Paycheck

Salary Negotiation When my recent job search was zooming along at full throttle, my first concern centered around securing interviews (and subsequent offers). But once I was able to successfully navigate a few rounds of interviews and eventually make it to the point of receiving an offer, my confidence grew and I knew I was ready for the next phase: Salary negotiations.

While some people may shudder at the mere idea of engaging in salary negotiations, I actually look forward to this part of the process. Don’t get me wrong, I certainly was not always this way, but I’ve honed the following tactics and behaviors over the years in an effort to always put my best negotiating foot forward.

Learning how to navigate all of these has allowed me to walk into any negotiation as a confident, educated woman who knows what she wants. Here’s how you can get to that point, too….

Know what you want and what you’re worth.

a detailed illustration of your experience, skills, and accomplishments. This IS a time to sell yourself, but in a concrete way. Did you slash expenses by 15% while raising revenue? Tell them! Also, know what your threshold is–know your minimum arrangement and be prepared to walk away or stand firm when necessary.

Do your research.

What is the industry-standard in terms of salary for someone with your level of expertise, education, etc? How is the company performing? What exactly are the day-to-day requirements for someone to be successful in this role? Knowledge is power when negotiating salary–make sure you’re more than prepared.

Play the numbers game.

Here’s a unique twist to the negotiation process: Don’t mention salary until the absolute last possible moment. Do everything you can to steer the conversation away from salary–especially in the beginning phases of the recruitment process. If at all possible, secure the position before navigating the negotiation conversations. Then, you’re positive the company wants to bring you on board, which is like an ace in your pocket. Use it wisely and to your advantage!

Exercise energetic control.

Make sure to keep your enthusiasm for the position as high as possible in all phases of the process. Be sincere, smile, and remain in control (especially of your emotions) in case things start to go South. Maintain a comfortable rapport even when things feel tense.

Be creative.

Think outside the box! Perhaps your desired salary is truly out of range for the company. In this case, seek out alternatives. I’ve negotiated better health benefits, free gym memberships, more vacation time, comp time, flexible work schedules, working from home, etc. Demonstrate your ability to problem solve by suggesting creative solutions that keep your needs AND the needs of the company in mind.

Prepare for objections.

What if the recruiter/manager tells you that you’re “asking for too much?” or “your qualifications don’t match such a salary?” By anticipating these types of rejections before you enter negotiations, you can be prepared for any curve ball they try to send your way. Being able to think on your feet is a prized characteristic–demonstrate that from the beginning and you’re likely to get closer to what you desired even if it’s originally “out of the range.”

Stay positive.

Fake it until you make it. Even if your blood is boiling or you’re feeling the need to really give them a piece of your mind, remain calm, cool, and collected at all times. Visualize yourself in the role. Smile. Look at each rejection as an opportunity for further, more creative discussion (hello, more vacation days!). Whatever you do, continue to remain positive until you can all agree on a mutually beneficial package. You’ll be very thankful you did once that initial honeymoon phase is over and you’re potentially working 60+ hours/week.

 

What are your tips for salary negotiation? What’s the most creative perk/benefit you’ve ever negotiated?

 

Photo credit: asianjobportal


Comments

Negotiate Your Way to a Bigger Paycheck11 Commentshttp%3A%2F%2Fwww.thehappyhomeowner.net%2F2012%2F06%2Fnegotiate-your-way-to-a-bigger-paycheck.htmlNegotiate+Your+Way+to+a+Bigger+Paycheck2012-06-22+01%3A34%3A15Jenhttp%3A%2F%2Fwww.thehappyhomeowner.net%2F%3Fp%3D776

  1. I definitely left 5K on the table during my first negotiation. :/ Gotta work hard and ask for a raise.

    Reply
    • Well at least now you have a great starting point, right?? It's a work in progress–keep at it and you'll be negotiating far more than $5K :)

      Reply
  2. My annual review was the other day and I received the normal 3% raise. But they said in August they would like to have a salary bump for when I graduate and get my certification that allows me to do what I do (my last test is in August for that).

    I'm just so afraid that I'll say something too low or too high and look dumb! I need to research, research, research. This post came at the perfect time.

    Reply
  3. I'm reading these type of posts in preparation for my annual review in a few weeks. I'm hoping that being prepared will help my nerves out. I hate review with a passion. In my previous job, it was mentioned that if I was doing more work, I'd get a raise sooner and I was already doing more work. I just got nervous and didn't mention it. So this time I'm going in prepared.

    Reply
  4. Great post… And you should definitely be willing to fight for what you are worth. Not only will it help you in the long run, but it actually looks GOOD to your company that you are willing to eloquently state your case. Every company wants passionate people, and fighting for yourself shows passion.

    On the research front, I wholeheartedly recommend checking out glassdoor.com. You can find the average salaries at specific companies for just about every job title out there.. It really is an invaluable resource.

    Jefferson

    Reply
    • Thanks for sharing your resource–I'll be sure to check it out as soon as I can carve out some free time.

      And you're so right–negotiating in a positive manner reaps many more benefits other than just a bump in salary and/or benefits!

      Reply
  5. Congratulations on the new job :)

    After ten interviews I'm not surprised you are the chosen one lol.

    You really are awesome and I hope the job can match your awesomeness.

    Reply
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