How to negotiate your salary without loosing ground or the job.
There are many approaches to successfully negotiating your salary, what I am going to share with you are helpful tips to better prepare yourself for the process.
The most important thing to remember is to never, ever, jeopardize your overall employment offer. This may seem obvious but, most job seekers, represent themselves poorly when it comes down to this stage, and we have seen many positions lost over the way final candidate asks for a greater salary.
So always remember not to act or appear to be hard to work with, or high maintenance, or too self-focused. Many people try to get too much, start naming the infinite details and difficulties in commuting to the position, or throw things in at the last minute. To the employer this only makes you appear to have a smaller likelihood of staying in the position for any long period of time.
KEY POINT #1: “Always negotiate with positive facts, not negative ones!”
To avoid this, let’s talk about what your general approach should be. The first rule is that salary negotiation preparation should not occur after your second round interview. Before you have ever met with the organization or had your first interview you should already know what you will ask for, and how much that is in dollars.
Here is why, and this is biggest mistake jobseekers make. If you dot know what you will ask for, than you have not discovered if you fit into their offered target salary range. If you fit their target, great there may even be no need to negotiate in any great way. But if you learn that you will require more than what is offered, introducing this information in the beginning of the process (early) will help you immensely in some situations, and in others may hurt you. Timing is the most important thing in salary negotiating.
We have staff hundreds of nonprofit positions, and for candidates that fall outside the salary range organizations are more understanding and open to candidates that assert their financial requirements early in the process. But are not flexible in the least, if they learn this information at the end point of the job offer. So always try to be honest, prepared, and tell them as early as reasonably possible in the process.
What dictates on when you should tell the organization your salary requirements? First consider if the person you are sending your resume and cover letter to is a decision maker or a gate keeper. Each requires a different approach.
Gate-keeper : HR, Coordinator, Office Manager, or Executive Assistant.
Decision-maker: actual hiring manager.
Never tell the gate-keeper that you want more than what is offered, b/c they do not have the power to expand salaries, and were normally already told to stick to their offered salary range. Also they may not make what you are seeking, and may view you as selfish or greedy. Only the decision maker, will actually consider you fully if you are outside the range. Otherwise your resume will never be passed on. The gate closes.
But, If the person you are offering your resume to is the decision-maker then offering your salary requirements early if you know that you will not fit their normal pay scale/range is by far best approach and here’s why:
Let me alleviate a fear…
People’s biggest fear regarding this is that the organization will not interview them if they knew that they are seeking more any others. But this is not true. They don’t have to pay anything to interview you. And the organization is always looking and valuing the skills you possess and your overall potential fit over anything else for first round interviews.
A clean statement is the best way to ask for the salary that you hope for.
Ex: I am available to interview at your convenience and require salary for full time employment of 70 to 80k.
Why give a span? Everyone wants to feel like they are getting a deal. Even in hiring someone. I am not saying to tall them you require 79,999.95, but you get the idea.
Moving your research and decision making process to the beginning instead of the end of the job search and interview process will make you appear more professional, focused, clear, direct, and prepared. Successfully establishing your cost early in the process also allows you to establish the value in hiring you. If not, many times organizations will have already established your value/cost to be less than what you are seeking.
Now let’s talk preparation: here is what you should do not matter you’re your experience level is in order to negotiate properly.
(1) Know the market
Get a salary survey, but never quote it.
• Read others: Professionals for Nonprofits, has one for NYC/DC
• Dice has one for IT many other organizations offer them.
• Using one to tell the organization their salary is low as a quote or example will only hurt you, they already know what they offer, and no one likes to be told they are wrong or disorganized. That is why it is important to know the information, but to be careful of how you use it. You are still being judged at this point, do not get too comfortable, to buddy-buddy, be professional thankful and constant.
(2) Know your organization
The first rule here is this: the organization set the limits and it is not just the market. People have been debating nonprofit salaries for quite some time–regarding organizations that do not pay the full market for their talent. This is very true, but is not 100% across the board.
This is why you must first understand how the prospective organization traditionally pays before entering into negotiations.
So Do:
• Read their annual report
• Read their website
• Understand their structure
• Talk to their old employees, if you can
• Read about them on yelp
• Ask your colleagues about their knowledge of the organization
• In some situations you may even be able to even ask to talk to the person in the position prior or currently to get more specific information. Also, if you ask to this, it only appears that you are smart, organized and are serious about the position.
• Examine the other positions that the organization is also recruiting for to see how they compare. (there is always a trend)
• Examine for changes: Look to see if they have been bringing on a lot of new blood into the org? If so, they may be bringing in new salaries as well.
Get to know your organization!
The whole point is to understand the organizations limits, or openness to flexible salary options.
Some orgs only give what is on the job description
Lastly, know the job…
(1) Know the hours of how much work is required
(2) Know the responsibilities. Do you have specialized knowledge where others are hard to find? if so you have more power.
(3) Know the costs it would take to work there. (parking, and tolls so on.)
(4) Know the search. Make sure to ask how long the job has been open, always ask this! This is one of the best questions you can ask at a job interview.
If it has been open for quite some time, normally you will have more room to negotiate because they have been having a nard time filling the position. The general rule is the longer the position has been on the market, the more that the organization is willing to pay to get someone.
Conclusion
Understanding how you fit in as a candidate from the view point of the organization is also the key to understanding how much you should ask for, and when to assert your interests.
Filed under: Salary Negotiations
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