Where to begin
I will have to negotiate salary for the first time tomorrow (I believe, fingers crossed) but I don't know anything about doing so. Where do you jump off from? They know what I currently make, I have 2 years epxerience, it's a latteral move to a job that carries more um, responsibility in terms of money overseen, but I don't know if that constitutes being able to negotiate for more money or a good deal more money or anything, does anyone have any advice as to a jumping off point to begin these talks?
The usual thought is that you don't make a lateral move for less than a 10-15% increase in your salary, all other things considered equal. I'm not sure that the amount of money overseen qualifies as an increase in responsibility... are you more responsible for $500,000 than you are with $100,000? Why not wait to see what the salary and benefits are? If they come in low, you can ask whether the offer is negotiable and if not, walk away, again assuming that you are not in the position of losing your current job. Generally speaking, the rule is it's not worth switching jobs for less than an increase of at least 10% to 15% more than you're earning now. Figure out that those two amounts would be, based on your present earnings. Learn as much as you can about the job during the interview process, ask questions about the responsibilities, duties, and expectations. Then wait and see what sort of offer is made. If it's at least 10% more than your present earnings, take the offer. If it's less than 10% more, politely ask if the offer is negotiable and see what they say. If it's not negotiable, then it will simply be a matter of how much you want this new job because it will, in effect, be a lateral career move - which may be OK if you can advance your career in terms of overall experience. Ordinarily an offer of less than 10% wouldn't't justify switching jobs, all other things being equal. If the offer is negotiable, and you're asked what salary you have in mind, counter with your 10% to 15% range. Say something like, "Now that I have a more complete understanding of the job and it's responsibilities, I was anticipating an offer in the $X to $Y range." The idea behind countering with a range is to leave the door open for further negotiations within that range - if necessary. I also think you need to be prepared to state why the job will be worth more to the employer based on how well your qualifications fit the requirements of the job, based on your experience, training, skills, previous job performance, and/or education. Zat help? Paul W. Barada The Negotiation Expert
Thanks to everyone for your help, but i really didn't have to negotiate at all as they came right out and offered me 28% more than what I am currently making! Exceeded even my biggest expectation!
Good for you! Paul W. Barada The Negotiation Expert | |
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