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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.

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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.

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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.

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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.

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

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Last Updated on June 25, 2019

How to Ace an Interview: 10 Tips from a Professional Career Advisor

How to Ace an Interview: 10 Tips from a Professional Career Advisor

Wondering how to ace an interview? In this article, you will learn everything you need to nail your dream job — from resume submission to the end of the interview cycle.

In order to land a job interview, you must start with submitting a great resume. Submitting resumes is generally done by, “apply now”, the way many apply for consideration to a job requisition. Even if not applying the tradition way, let’s say, emailing someone in your network about an opportunity- you will still need a great resume.

So first thing first, work on your resume.

Today in the United States, 98% of organizations use applicant tracking systems (ATS) to extract information from an applicant’s resume to build a digital applicant profile that can be searched, filtered, and/or ranked.[1] So, a resume that is ATS friendly is part one for landing and acing a job interview.

To do this, a resume must have certain formatting and keywords to get the resume through the scan and into the hands of a recruiter. Without a resume that works with and for today’s technology and requirements, an interview can be difficult to land.

Here’s a great DIY Resume Guide (Do it Yourself Resume Guide) to help you craft an ATS and Recruiter friendly resume:[2]

There used to be a time where a job application was enough, today, an ATS friendly resume leads all methods in landing a job interview.

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Now, let’s talk about acing that interview.

A job interview is part 2 of the job application process. An interview is where applicants that have met the minimum requirements are selected to discuss the job opportunity with the employer or hiring manager.

Interviews are generally conducted via telephone, in person, and or applications/technology such as Skype. When the interview is landed, these 10 tips will help you ace the job interview:

1. Going for a Job Opportunity That Speaks to Your Passion

Having a passion for the job/ industry is extremely important. Doing something that aligns with inner passion is important for quality of life.

People that have passion for the job that they are interviewing for generally have better interview experiences. When we talk about what we love, it is seen in our faces, our body language, and heard in our tone. Here’re 10 Reasons Why Following Your Passion Is More Important Than Money.

In short, consideration of talents, discovering the things that make you happy and sad, and what you love losing yourself in.

2. Study the Job Description: Essential Job Functions and Qualification Requirements

Doing this will allow you the opportunity to develop examples of past and present experience that relate to the essential job functions and required qualifications.

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Examples of experience is always a plus for interviewers, painting a full picture goes a long way. Even when not asked for an example, it is always a plus to tie answers to interview questions to examples from your experience.

If there is a portfolio (work samples: images, writing samples, published work, videos, awards, etc.) of work- that’s even better!

3. Research the Company and the Interviewer(s)

Being an employee means entering into a relationship with an employer. In many areas of life, research is done prior to committing; researching a company prior to an interview is no different.

It is important to determine if the company is a good fit and therefore makes it easier to answer “why do you want to work here?” It helps better verbalize how past experience, skills, and values align with the company’s mission, and it shows the interviewer that you are interested in more than just a job.

4. Think Positive and Tap into Confidence

Positivity exudes confidence and both are necessary, so the employers knows that trust can be given.

Thoughts lead to action, therefore, operating from a positive perspective will reveal confidence. The goal of the interview is to land the job offer; employers need to believe that you believe in yourself so that they can believe you. Here are a few tips for positive thinking.

5. Have Copies of the Resume Used to Apply for the Job

It’s always good to be ready for extra interviewers in the room; many interviews today are panel interviews/ multi-person interviews.

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Though a resume was likely submitted with the application, it is always a good idea to come with extra copies in anticipation of the potential need. If there was no resume submission, it is crucial that you provide a copy during the interview; doing this shows the employer preparedness and resolution to challenges.

6. Plan for Behavior Based Interview Questions

Most companies use pre-selected questions, often times having a list of behavior-based questions. Usually these questions start with: “provide an example of”, “tell me about a time when”, and/or “describe a time/situation when”.

Having examples of problems solved and strategies used, initiatives led, contributions to teams and departments, will help ace a job interview. Painting a picture to help employers see skills, qualifications, and experience is extremely important during a job interview.

7. Make a List of Selling Points

It’s important to be proactive about the selling points that you want to make in an interview. This is where a portfolio works great! It is a great idea to make a list of selling points that reaffirms and demonstrates skills, qualifications, and experience.

Consider: awards, programs/ processes launched that led to cost savings and/or profitability, training/education, etc.

8. Showcase a Mixture of Personality and Professionalism

Companies like to make sure that interviewees are a good match for the company culture. Having a good balance of personality and professionalism during a job interview is key.

Personality can be shown when discussing hobbies, community service or extracurricular activities in answers to behavior-based questions, when describing your passion, and when discussing selling points.

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9. Have Your Questions Ready- Interviewing Isn’t One-Sided

Interviews are two-sided, like all relationships (an employee and employer agreement is a type of relationship). Before entering in many relationships, we all have a set of questions that we need answers to, prior to making the decision to commit.

Beyond doing this for self (because asking questions helps reduce doubt and uncertainty), it also shows the employer that there is interest in the company and its future and, shows that you are informed.

Here are a few considerations: “Can you tell me about the team I’ll be working with?”, “Why is this position open?”, and “What qualifications/ skills are important to succeed in this role?” You can also take a look at this guide for more idea: 7 Questions to Ask in a Job Interview That Will Impress the Interviewer

10. Follow-up with a Thank You Note

Interviewers love gratitude. Sending a “thank you for taking the time to discuss the job opening with me”, is very important to acing an interview.

Interviewers discuss one job opening with many applicants. A thank you note can serve as gratitude and the final chance to showcase selling points. This is also the opportunity to address any concerns that the interviewer may have had in the interview.

Summing It up

Consider a job interview a house. the foundation for acing a job interview is passion. The frame is a resume that lands the interview. The plumbing and electrical are showing up with confidence, providing a list of selling points, having examples of your experience and qualifications, and engaging the interviewer. The roof is showing gratitude with a thank you note.

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Featured photo credit: Nik MacMillan via unsplash.com

Reference

[1] Jobscan: What is an Applicant Tracking System?
[2] Veronica Castillo: New Job- DIY Resume

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