Salary, Raises, & Perks: Negotiate to Get Paid What Youre Worth!

Salary negotiation requires preparation and good timing. It's important to determine your salary needs and research the market value for the job you want. Timing is critical for negotiation. Discussing salary requirements too early in the interview process can jeopardize your chances of getting the salary you deserve. Failure to negotiate could result in losing money.

Market Value

The negotiation process begins by determining what salary you need. Prepare a detailed outline of your expenses. Next determine the market value of the job for which you are applying. Research similar positions with other companies and jobs requiring comparable experience. Information can be gathered from classified ads, competitors, informational interviews, and web sites.

Win-Win

Be polite and professional during negotiation. Try to impress to the employer that your goal is a win-win situation. It is your job to convince the employer that you are worth more than they are offering. Be prepared for objections by talking about how your past accomplishments benefited previous employers.

Wait

Never bring up salary until an offer has been extended. At that point, the employer has decided that you are the best person for the job, giving you bargaining power. If the employer brings up salary before an offer has been made, be prepared with a response. For example, "I need to know more about the job responsibilities before I can talk salary." If the position is newly created you could say, "Since this is a newly created, position, I'm sure you have a salary in mind."

Start Higher

When you have determined an acceptable salary, start negotiating higher than you think the employer wants to pay, and then go to a middle ground. If the employer offers you $50,000 and you want $55,000, ask for $58,000 and then work backward toward your target salary.

The employer may offer you some reasons for not wanting to give you the requested salary. Again, be prepared with a response. If the employer tells you their budget won't allow an increase, negotiate some perks such as flex-time or an early salary review. If the employer tells you that you would be earning more than others at that level, point out that you should earn more, because you're worth more. Another option is to ask for a different job title so that you'll fall into a higher salary range. Be sure to mention that you will take on some additional responsibilities to compensate for the higher salary.

Perks

If the employer can't increase the salary, be creative and look at other ways to boost your compensation package. You could ask for extra vacation days. Another option is to ask for an early salary review. Request that you be given a three-month review. If your performance is satisfactory, ask that you receive your annual raise at that time. Other options to consider include: a one time sign-on bonus, flex-time, or a shorter work week.

Get Paid What You're Worth

Why should you negotiate your salary? You have a right to be paid what you're worth and what the market supports. Records indicate that 60 percent of all negotiators get more than the initial offer. If you don't negotiate, you'll lose money, since each annual raise is based on the amount of your starting salary. For example, suppose you were hired at $30,000 per year, without negotiating. Had you negotiated you may have started at $32,000. Based on a five percent salary increase each year, you would lose more than $26,000 over ten years.

Finally, salary negotiation isn't reserved for the corporate world. People in all types of industries can successfully negotiate their salary. Remember, you are negotiating for your future!

Joan Runnheim, M.S., founder of Pathways Career Success Strategies [http://www.pathwayscareer.com ] in Hudson, WI, is a career consultant who helps individuals reach their career goals by developing an effective career development plan or job search strategy. As a career advisor for Monster.com, [http://forums.monster.com/forum.asp?forum=3560] Joan has been able to reach out to millions of people with her career-related articles and advice. To subscribe to her free bi-monthly newsletter "Strategies for Career Success" go to: [http://www.pathwayscareer.com] For more information call 715-549-6432. Email: joan@pathwayscareer.com


More Resources

Youre Bright And Talented -- TooT Your Own Horn --
Obviously, there are RIGHT ways to move UP the ladder. Being in the right place certainly has tremendous benefits.
60 Hour Work Weeks - Can You and Your Career Survive Them
In the 80s while I was an account executive for AT&T most people in my organization worked normal (for then) business hours. By that I mean they arrived close to 8 or 8:30AM and left between 5 and 5:30PM.
Listening for Interview Success
Yes I know that we usually think of interviews as us doing all the talking, but the reality is different. At least 40% of the time we should be listening, and what we hear will have an enormous effect on what we say.
Surviving in Corporate Amercia: Part 1 - Email
There is a saying that goes, "The best offense is a great defense". Nowhere is that applied better in the corporate world than in the intelligent use of email.
Helping Mid-Life Employees Find Meaning
People work to live, but most also live to work. A study on the meaning of work conducted back in 1987 revealed a strong attachment to work as a way of life.
Searching for Jobs Online
Searching for jobs online is easier than ever, but also more confusing than ever. Any Internet user doing a job search online will find that they can choose from hundreds of national employment listing web sites and the numbers can often be staggering.
Your First Summer Work in the UK - Picking Strawberries The Right Way
Most jobs on farms in the UK involve picking strawberries or berries in general, raspberries and possibly other berries with which I have not have the lucky chance to pick.Picking strawberries is very demanding and hard work and if this being your first summer job, then it will take lots of patience and clear mind.
The Five Most Common - And Most Avoidable - Résumé Errors
Writing an effective résumé can certainly be challenging. There are numerous rules and none of them apply 100% of the time.
Personal Contacts: The Key to Successful Networking
When the word "networking" is used, we tend to think of upwardly mobile college graduates with a bursting day timer in hand chatting up the competition at business meetings, conventions, or workshops. The average blue/pink/white collar worker disconnects, feeling that they could never be that pushy, don't know enough people to even start the attempt, and that the method only works in competitive business environments.
Retirement: Is It A Career Change Option?
Retirement might be the answer when you ask yourself "why do I want to make a career change" and you decide that what you actually want is not so much a career change as to stop what you've been doing altogether.This may be a good choice for some - those who can afford it - but not necessarily the right choice for all.
Competency Based Interviews - 6 Steps to Success!
Competency based interviews are intended to get the best from you, the candidate, whilst also fulfilling the needs of the organisation to get the very best person for the job. There are some easy steps to make the most of yourself and have a much better chance of success.
Successful Job Interview Tips
Congratulations! You've finally landed that job interview you've been waiting for. Now the real work begins! Remember, resumes don't get jobs; they merely get you in the door.
Mystery Shopping for Fun and Profit
How would you like to get paid to go shopping? That's right! Get paid to shop for clothes, eat in restaurants, watch movies, play golf, travel, and so on.You can have your cake and eat it too! Enjoy the best ofboth worlds.
Job Interviews: Answering Whats Your Greatest Weakness?
Many interview guides advise candidates to answer the common "What's your greatest weakness?" question with a positive trait disguised as a weakness. For example, "I tend to expect others to work as hard as I do," or "I'm a perfectionist.
The Computer-Friendly Resume
The evolution of technology is changing the traditional methods for job searching and recruiting. More and more companies are now relying on computers to initiate the process of hiring and are filling their database with candidates with skills that are easily searchable.
Genes and Work Ethic
If you have good genes, you are blessed. If they are exceptional, you might be successful on that alone.
Job Hunting Tips: Organizing Your Attack
Looking for work is an energy-devouring ordeal, often leading to running in circles and not getting anywhere. A systematic approach can help you focus on your goal, avoid wasting the energy you need to conserve for interviews and employer contacts, and lower your stress level.
Your Salary: What Are You Worth?
Why is it a good idea to determine your worth? Whether you plan to stay at your current job or seek employment elsewhere, your assessment of your worth can become a bargaining chip should you choose to negotiate for higher compensation. It's a reference point on your way to improving not only your standard of living but your sense of self as well.
Business Experience is YOUR Security Cover
Some may want to interpret "independent" to mean WITHOUT others. None of us are truly independent or able to make it in life alone.
Cover Letter Sample -- For the Corporate Flight Attendant
Writing a cover letter to send with your résumé can be both confusing and frustrating. What exactly should you say? Are you saying too much? Are you only speaking about your needs vs.

More Careers & Employment Information:

Related Articles

Interview Preparation Made Easy: Create An Interview Preparation List
Here's a quick way to compare your own job experience and qualifications with those that your prospective employer is looking for in a specific job position. Make an "Interview Preparation List".
Working as a Knowledge Worker in the Information Age
The old adages: "It's not what you know, but who you know" and "High Tech, High Touch" could be the mottos of knowledge workers in the 21st Century.Never before in the history of the world has both networking and interpersonal communication been potentially easier, broader, more wide-spread and paradoxically, more difficult.
Workplace 911
I've watched a few episodes of Nanny 911 and with the chaos, out of control children and seemingly irreparable behavior, it strikes me as a precursor to Workplace 911. No, not a new reality TV show, but everyday workplace problems.
How to Get the Job You Want in Any Economy... Act Like a Headhunter
Having spent the last few years of my career in the staffing and recruiting industry, I'm asked all the time by friends and relatives if I can help them find a more desirable job. I've helped my fiancé get a job, helped my college buddies get jobs after graduation, and even helped a few high school buddies find jobs having not seen them for years.
How to Turn a Job Search into a Career Find
The only way to find a new career is to stop looking for a job Career success requires the identical effort and targeting as setting a course for continuous professional development.Job opportunities are found through the strategic use of the same steering mechanism that successfully sells products and services: Positioning, Exposure and Marketing.
Employment Under A Microscope
A certain amount of oversight is involved in almost any job. The more important, the more highly skilled, the more successful the position, the lower the degree of oversight.
The 10 Biggest Career Change Mistakes - And How to Avoid Them
Career change is no walk in the park.If it was easy, the castle gates would have burst long ago under the stampede of restless corporate warriors.
The Night Worker
In the process of musing about our perennially awake world for my Social Psych blog, I started to think about our present work world and how its operations have changed the lives of millions of workers.I manage a 24/7 emergency crew (mental health).
Take Charge of Your Job Search: 12 Steps to Success
Despite what many people may say, a job search does not have to be an unpleasant experience. There are those people who choose to take charge of the process, who actually find the process to be very rewarding and stimulating.
Growing Up On A Delaware Farm
Growing up on a Delaware farm was a wonderful and rewarding experience for me.I grew up in an area where a couple of dozen families in an area of about hundred square miles had farmed, married each other and been a stable community for centuries, along Delaware Rout One just north of Lewes.
You Are Not Entitled to a Job!
Résumé TipsSome basics about job hunting..
How to Crash - Proof Your Job Search
Think you have the speed, endurance, and know-how to fix what's broken? Bet not. The smartest people in the world are those who can leave their ego at the door, and know when its wise to seek help.
Update Your Resume Today
A friend was just promoted to a position of vice-president of a company. I am happy for him and the first thing I told him after congratulations was "update your resume".
Tips on How to Write High Impact Letters of Recommendation
Congratulations. You've been asked to write a letter ofrecommendation for an employee or colleague.
Have Some PASTA with Your Interview
When cyclists prepare for a big race, they always make sure they load up on the carbs. It is not uncommon to have a pasta feed the night before an important event so that the athletes can store up some of the carbohydrates they will be burning up the next day.
6 Steps to Re-inventing Your Career
Meaningful work honors the deepest part of your being. It is the embodiment of your gifts and talents and all that you value.
Dont Quit Your Day Job! Convincing Your Boss To Let You Telecommute (Part 2 of 2)
Ok, so you've determined that you have the right skills and qualities todo your job effectively from home. You're sure that your job is wellsuited to telecommuting.
What A Former Stay At Home Mom Knows About Creating A Stunning Resume That You Dont
Recently I was asked to touch up a friend's resume. Her challenge was simple.
Bartending School Online- Earn Your Bartender Training From Home
Many young adults flock to bars, lounges and clubs on a weekly basis. They spend hundreds sometimes thousands of dollars on entertaining themselves and their friends.
Mystery Shopping - An Excellent Part Time Job Or Additional Income Source
Though the name itself may seem a bit mysterious, the concept of mystery shopping is actually straightforward. Also referred to as secret shopping, performance evaluations, service checks and frontline evaluations to name a few, mystery shopping allows companies to obtain a "snapshot in time" by trained researchers who know in advance what they are to evaluate.