You aced the interview and landed the offer, but here comes the hard part: negotiating your salary. Learn how to navigate this delicate process with confidence and tact.
1. Presented by:
Lauren Burmester &
Valerie Kielmovitch
Career Services
Career Services
(386) 226-6054 ⪠careers@erau.edu ⪠http://careers.erau.edu
2. ⢠What is a job offer?
⢠Negotiating Basics
⢠Conducting Research
⢠Salary Talk
⢠The Job Offer
⢠The Negotiation Process/Counter-Proposal
⢠Accepting the Offer
3. Not just the amount of salary the employer extends
âJob Offerâ is a comprehensive package:
⢠Health and retirement benefits
⢠Vacation time
⢠Sign-on bonus
⢠Relocation assistance
⢠Performance evaluations
⢠Stock options
⢠Professional development options
⢠Travel requirements
⢠Tuition reimbursement
⢠Flexibility of work schedule
⢠Telecommute options
⢠Immigration paperwork
4. ⢠When to negotiate
⢠Negotiate only when you feel you are not
being offered what you and the job are worth
⢠Donât negotiate just for the sake of it
⢠Do not negotiate until an offer is made
⢠Recent grad/not too much room for negotiation
⢠Know your strengths
⢠As a new grad you have more negotiating power if:
ď§ You have relevant work experience (internship or summer job)
ď§ You have technical expertise that is highly sought-after
ď§ You have a graduate degree in an area of expertise
ď§ You have a written job from another employer that
offers a higher salary (use only if you have not already accepted)
ď§ You have campus involvement/project experience/thesis
expertise
ď§ You have completed research and published
5. ⢠Things you need to consider:
⢠Your worth
⢠Your budget
⢠The industry of the employer
⢠The geographic location
⢠How much recent grads are getting paid
⢠How much other similar positions are posting for
⢠The position, company, competition
⢠The economic climate
6. ⢠For comprehensive salary data:
⢠www.salary.com (Salary Wizard)
⢠www.glassdoor.com (Self reporting system)
⢠www.careerbliss.com (Self reporting system)
⢠http://homefair.com (Salary Calculator)
⢠http://college.wsj.com
⢠JobStar ( www.jobstar.org )
⢠Salary Survey of the National Association of Colleges & Employers
⢠Salary Success: Know What Youâre Worth and Get It
⢠The Bureau of Labor Statistics
⢠US News & World Report
⢠Business Week
⢠Professional Associations, Trade Journals, Business Magazines
⢠Newspaper and online job listings
7. ⢠Use websites such as NACE to find salary research and
information:
8. ⢠You want to put off the salary talk as long as possible
⢠The first one to talk salary loses negotiating power
⢠Talking about salary early can also make you look more
focused on money than the position
⢠Entry-level candidates want to let the employer bring up
the salary first. Once you have had the opportunity to
demonstrate your qualifications, youâll be in a better
situation to discuss your salary requirements
9. The Application
⢠Sometimes employers will ask for the following on the
application:
⢠Salary requirement -how much you expect
to get paid
⢠Salary history- how much were you paid in
the past
⢠Used by employers as a screening device
10. Possible application responses
Request Possible response
Your Salary
Requirement
ď Provide your salary requirement
ď Provide a wide salary range
ď State that you âexpect competitive or fair compensationâ
ď Express your salary flexibility
ď State that you would prefer to discuss salary in an
interview
ď Give your salary history instead
ď Ignore the salary request
Whenever
possible
ď Do not provide your salary history or salary requirement
prior to an offer so you may maintain your power as long
as possible.
Retrieved from www.quintcareers.com
11. During the Interview:
⢠If asked for your salary requirement during an
interview you can:
⢠Express expectation to be paid in line with
market conditions and your experience level
⢠Let the employer know you prefer to wait to
discuss salary until you have both determined
you are the right person for the position
⢠Ask for what their expected salary range is
⢠Provide a salary range
12. ⢠Until you receive a job offer-there is nothing to
negotiate
⢠If you donât provide a salary requirement some
employers may not consider you for the position
⢠Do your research in advance and have a
pre-determined salary range in mind
⢠Never lie to an employer about your salary history
⢠Act professionally
⢠Inquire about company policies regarding raises
13. ⢠You have been offered the job, now what?
⢠No matter how good the offer sounds, take sometime to think it
over-it is customary to ask for 24-48 hours to think an offer over
⢠Thank the interviewer for the offer and express your interest in the
company and position but ask for time to evaluate the offer
⢠Think about your expectations, find similar salaries and do your
research
14. ⢠What if the job offer is less than what you had hoped for?
Now itâs time to move to the negotiation stageâŚ
⢠Ask for a higher salary and provide reasons why
ďź Reasons should be benefits to the employer NOT
because you need more money to pay your bills
⢠Always ask, never demand for more money
⢠Use humble language: âHopeâ
⢠Never say âWantâ, âExpectâ, âRequireâ , âDemandâ
⢠Provide a salary range higher than you are willing to accept to
allow room for negotiation from the employer
15. ⢠Counter Proposal
⢠Can be done in person, on the phone, or by email
⢠An employer may ask for a written counter proposal letter
⢠Use your best judgment
⢠It is up to you to demonstrate why you are a value to the
company and why you are worth the added investment
⢠If salary cannot be negotiated (you receive a
âfirm offerâ), consider negotiating other aspects
of your benefits package such as:
⢠Change in evaluation period, sign-on bonus, vacation
time, relocation, company laptop or cell phone (if itâs
needed in your position), stock options, etc.
16. ⢠Example:
âI am extremely excited about your job offer. I think your company
is a good fit for me and the Systems Engineering position would be
a wonderful opportunity. However, I am hoping we can
discuss the current salary offer. I have conducted some research
on salary for a similar position in this area and based on my
educational background as well as internship experience I am
hoping for a salary range between $54,000-$58,000. Please let me know
if you can help me with this.â
17. ⢠Throughout the negotiation process make sure to continue to
sell your skills and experiences
⢠Never make demands, keep the tone conversational instead
of demanding
⢠Do not keep counter-offers going for multiple rounds; after your
initial counter proposal you should avoid making additional
demands-remember your offer could still be rescinded
⢠If you have no true intentions of accepting the job offer then do
not start the negotiation process-do not waste yours or
the companyâs time
⢠Ask yourself: If they accept my requests, am I prepared to accept the position?
Source: www.quintcareers.com/printable/salary_counter_proposal.html
18. ⢠Now the ball is back on the employerâs court-and you
will wait for a response
⢠The employer will get back to you and either agree to
your requests or give you a counter offer-you may ask
for more time to evaluate your new offer
19. ⢠After you and the employer come to an agreement,
be sure to get the details in writing
⢠Ask for an official letter of offer or contract; this will
guarantee that:
⢠Your boss will not later forget what you have
agreed upon
⢠New management will know what agreements
were made when you were hired
⢠Once you accept an offer and all negotiations have
ceased you should also stop/withdraw from all other
interviewing
20. Try not doing the following:
ď Settling/not negotiating
ď Revealing how much you would accept
ď Focusing on need/greed rather than value
ď Weak research or negotiation preparation
ď Making a salary pitch too early
ď Accepting a job offer too quickly
ď Declining a job offer too quickly
ď Asking for too many changes in counteroffer
ď Taking salary negotiations personally
ď Not asking for final offer in writing
Source: www.quintcareers.com
21. ⢠The first person to mention salary loses negotiating
power
⢠Have a fair range in mind â be able to justify your
requirements
⢠Have reasonable expectations based on the industry,
position, geographic location, and experience
⢠If you donât ask, you wonât receive
⢠You can always try to negotiate other benefits
⢠Donât be too pushy â they can rescind the offer
23. Connect, follow, join and like Career Services
via all our communication methodsâŚ
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Notas do Editor
As a recent or upcoming graduate, there will not be as much room for negotiation since you will not have the kind of experience a more experienced candidate would haveâŚ
However, use your qualifications to your advantage and understand what you are worth in the industry and you will find room for some negotiating!