Did you know that 80 percent of job recruiters are willing
to negotiate on salary, but only 30 percent of applicants do so?
It’s true. People are afraid to negotiate, especially when
they are in the early position of landing a job. They are afraid of seeming too
aggressive or greedy or of angering their new management.
But if you’ve been offered the job or already have the job,
you have to understand that they want you, they value you, and you are in the
perfect position to negotiate your salary. Here’s how to do it.
1. Do your homework. Before you go into your negotiation,
make sure you research your industry, your position, and your company. Is the
firm established or a start up? Is it stable or on loose footing? Is it growing
or shrinking?
Find out what other people are making in your profession and
industry. Websites like Payscale.com and Glassceiling.com are great resources. Find
the averages of salaries in your industry and for your level of experience.
2. Know your own value. How valuable are you? What do you
bring to the table that is superior? How hard is it to fill your position? If
there are 1,000 other people who can and will do your job and are waiting in
the wings, you have less room to negotiate than if you are an outlier or a
seasoned professional with a high-level set of skills.
Know your value, and use it. |
3. Set your numbers. Once you’ve done the research into what
the salary ranges are for your industry, your position, and maybe even within
the company, prepare three sets of numbers:
First, know your absolute bottom line. This is the lowest
salary you will accept. Second, set your medium salary, a number that would be
nice and comfortable. Third, set your ideal salary, the biggest number you can
think of that is within the range of your position and industry.
4. Be realistic. Don’t go crazy with your numbers and
negotiating or you may appear unhinged. Stay within industry standards. Don’t
ask for $75,000 if you are applying to work the perfume counter ay Macy’s. By
the same token, if you are in a trending industry — which right now is
high-tech, consulting, social media and marketing — know that those salaries
and positions are increasingly in demand.
Negotiate, don't fight, argue, or get upset. |
5. Don’t speak first. If you can avoid it, never be the
first to raise the salary issue. You have the most power when you know they
want you, so don’t raise the issue until they do.
The interviewer also knows that he or she shouldn’t go
first, so chances are they will ask you what your salary requirements are. If
that happens, bounce it right back to them by saying something like, “I have
given this a lot of thought, and I will entertain any reasonable, competitive
offer. What is the salary range you were thinking of?” Stay calm and polite,
but be firm and try to get them to offer numbers first.
Also, if you are applying for a job and the application
asks for your last salary, try to leave it blank, because whatever you put will
be their starting point.
6. Finally, never take the first offer. It varies by
industry, but I would say that across the board, you probably have about a 25
percent wiggle room. You might settle at around 10 or 15 percent, but always
start high.
Good luck!