Advertising
Advertising

Top 5 Salary Negotiation Tactics

Top 5 Salary Negotiation Tactics

When looking for and obtaining a job, many people might say, “I’m lucky to have anything at all,” and that’s true. With all the resumé-building, internet forum-searching, and stressful interviewing, job searching is hard enough.

But at the end of the day, we all know that you will have to decide how much money you need to be paid in order to bring passion and energy to your job every day. Finding and obtaining the right amount is difficult, and this is the first real point of tension you will encounter with your new company. So, for that reason, we have put together a list of salary negotiation tactics to keep in mind.

Advertising

1. Never Accept the First Offer

We are all guilty of this at least once in our careers. Whether it is because you are coming off a long period of unemployment or because you really are enthusiastic about your new position, many of us have been offered some low salary amount, bit our tongues, and accepted it. I myself am guilty of this as well.

The first number a company proposes to you is their starting point — they do not actually expect to obtain your services at that amount. By accepting this number, you are giving the company an easy way out and ensuring that you’ll be a little peeved later on about not asking for more in the first place. Remember, you’re their top candidate, and that offers some leverage.

Advertising

2. Pretend (In Your Own Mind) That You Have Other Offers

We’d all love to be in the scenario in which multiple companies are bidding over our services, but, unfortunately, we are not always that lucky. However, we can strengthen our hand a bit by pitting this job against the literal job of our dreams. What would you want to be paid in the job of your dreams? What would you be doing? Compare this position to that hypothetical one, and game out the offer in terms of that job. Doing so will ensure that you are moving in a positive direction.

3. Do Not Give Ultimatums

We all want to be seen as tough, but giving an ultimatum is terrible idea. If you say, “This is my minimum amount,” or “After this, I’m walking away,” companies will walk away faster. They have whole teams of people devoted to trolling the seas of unemployment, underemployment, and unhappily employed. To be put in a threatening position right off the bat by a potential new hire is a no go. Do not do this, period! You do not have the leverage to push a company past its breaking point.

Advertising

4. Be Willing To Negotiate in Non-monetary Terms

We all value cash, but other parts of compensation are nearly just as valuable. If your company is less able to pay you what you want but provides health insurance that takes away major out-of-pocket expenses, consider that a real positive trade-off. If you are given as much responsibility or control as you’d like in your position, try to negotiate yourself into a swanky office. Not every part of a staff member’s compensation has to be monetary, so, if you find yourself in a position where you want money the company doesn’t have, think extra vacation days, higher mileage reimbursement rates, or something similar.

5. Regardless of the Original Offer, React Positively

In regards to negotiating money, we all want to act like poker players and stay stone faced. This is ineffective. Regardless of what the original offer is and how it is delivered, your initial reaction must be positive. The company just offered you money in order to become part of their corporate family — this is a good thing, so act like it. It is almost just as trying for the company’s staff to figure out how much to offer you as it is for you to try and place a monetary value on yourself, so they will be extra sensitive to how you react to the first offer. Even if it’s terribly low, react positively, smile, and say something like, “That’s great!” You can get down to meat-and-potatoes after you deliver a positive impression.

Advertising

Featured photo credit: Maxwell House Syracuse Students in DC (March 2010)/KEI Staff via flickr.com

More by this author

25 All-Time Best Inspirational Sports Quotes To Get You Going 10 Signs You Are Probably An Ambivert 4 Ways Extreme Races Change Your View 4 Ways Baseball is the Perfect Metaphor for Life 5 Reasons Why You Should Have Total Strangers as Roommates

Trending in Work

1 13 Characteristics of Highly Successful Entrepreneurs 2 5 Types of Horrible Bosses and How to Beat Them All 3 10 Simple Habits Every Effective Manager Needs to Learn 4 10 Ways To Help Your Employees Have A Healthy Work-Life Balance 5 Top 10 Workplace Safety Tips Every Employee Should Know

Read Next

Advertising
Advertising
Advertising

Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

Advertising

“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

Advertising

The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

Advertising

You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

Advertising

Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

Read Next