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Negotiating Job Offers for Millennials

Negotiating Job Offers for Millennials

Millennials, have you ever been so excited to get offered a job that you didn’t even think to negotiate the terms? You’re not alone. According to Salary.com, only 37% of people negotiate a job offer, and the biggest reason why people don’t bring it up is because of fear. What are you so scared of? Employers are anticipating that their initial offer will be met with a counter, so take full advantage of the extra cash or benefits that are probably available! Here are a few pointers for negotiating job offers:

Do your research.

During the interview process, Millennials should already be armed with research on current pay rates before they’re even offered a job. Visit websites like Glassdoor or Payscale to look up the pay for similar positions, just make sure you’re looking within the same city. Once you have a general idea of a salary range, always start at the high end when negotiating with a potential employer. Millennials may think it seems greedy to ask for the highest salary on a payscale, but doing so will give you more room to negotiate with the employer. Besides, you should be confident enough in your value as an employee to believe that you’re worth the high pay!

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Think big picture.

A common characteristic of the Millennial generation is the tendency to job hop when they begin to feel unfulfilled at a position due to the lack of professional development. During the job offer negotiation, keep your long-term plan in mind and tailor your negotiation around it. Will there be annual evaluations of your performance? Will these evaluations lead to a salary increase or promotion? These are legitimate questions that should be brought up during a negotiation. Remember, it’s not just about what you’re getting now, but also finding out what the potential is for the future.

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Keep the economy out of the negotiation.

Most Millennials entered the job market right as the economy was falling apart, meaning a lot of people in this generation were happy to find any job at all. However, during the negotiation process, don’t let your mind wander to the state of the economy. Millennials should not be made to feel guilty for asking for a higher salary just because a lot of people are looking for work right now. The negotiation is between you and the company that is interested in you because of your unique skill set, and the economy should not play a role in how you approach negotiations.

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Take some time.

Even if an employer offers you the exact number you’ve had in your head during the entire negotiation process, don’t immediately accept. Impulsive decisions are common for Millennials, but when it comes to job offers, this should be carefully considered over time. Be sure to end the conversation with enthusiasm, and ask when the employer needs to hear back from you. Use the time given to carefully review the offer in detail, and decide if this is truly the best offer for your life. Most importantly, whatever you decide, when you say you will follow up within a certain amount of time, stick to your word.

Write it down.

Before you agree to a job offer, get it in writing. Sometimes, employers will verbally offer things to sweeten the deal only to forget about them after you have been hired. Whenever a potential employer contacts you with an offer, ask for them to send it to you in writing so you can carefully review it. As you negotiate terms, whether that be salary adjustments, allotted vacation, or health benefits, ask for an updated written offer before you verbally accept. Don’t worry, this won’t come off as you not trusting them, but rather you wanting to be conscientious in your review of the offer.

Now that you’ve negotiated the ideal job offer, you’re on the path to success! Climb the corporate ladder quickly by being aware of your leadership strengths and weaknesses using this free assessment, courtesy of Joel Goldstein, President of Mr. Checkout Distributors.

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Last Updated on December 1, 2020

How to Find Your Entrepreneurial Passion and Purpose

How to Find Your Entrepreneurial Passion and Purpose

I wrote a few articles about starting a business based on something you love doing and are passionate about. I received several responses from people saying they weren’t sure how to go about figuring out what they were most passionate about or how to find their true purpose. So I’m dedicating this article to these issues — how to find your entrepreneurial passion and purpose.

When I work with a new client, the first thing we talk about is lifestyle design. I ask each client, “What do you want your life to look like?” If you designed a business without answering this question, you could create a nice, profitable business that is completely incompatible with your goals in life. You’d be making money, but you’d probably be miserable.

When you’re looking for your life purpose, lifestyle design isn’t a crucial component. However, since we’re talking about entrepreneurial purpose, lifestyle design is indeed crucial to building a business that you’ll enjoy and truly be passionate about.

For example, say you want to spend more time at home with your family. Would you be happy with a business that kept you in an office or out of town much of the time? On the flip side, if you wanted to travel and see the world, how well could you accomplish that goal if your business required your presence, day in and day out, to survive? So start by getting some clarity on your personal goals and spend some time working on designing your life.

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At this point, you may need a little prodding, and you may want to hire a coach or mentor to work with you through this process. Many people are very used to the idea that there is a particular way a life “should” be. There are certain milestones most people tend to live by, and if you don’t meet those markers when or in the manner you’re “supposed” to meet them, that can cause some anxiety.

Here’s how to find your passion and purpose:

Give Yourself Permission to Dream a Little

Remember that this is your life and you can live it however you choose. Call it meditation or fantasy, but let your imagination run here. And answer this question:

“If you had no fears or financial limitations, what would your ideal life, one in which you could be totally content and happy, look like?”

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Once you’ve figured out your lifestyle design, it’s time to do a little more soul-searching to figure out what you’re truly passionate about. This is a time to really look within and look back.

Specifically, look back over your life history. When were you the happiest? What did you enjoy doing the most? Remember that what you’re looking for doesn’t necessarily have to be an entire job, but can actually be aspects of your past jobs or hobbies that you’ve really enjoyed.

Think About a Larger Life Purpose

Many successful entrepreneurs have earned their place in history by setting out to make a difference in the world. Is there a specific issue or cause that is important to you or that you’re particularly passionate about?

For some, this process of discovery may come easily. You may go through these questions and thought experiments and find the answers quickly. For others, it may be more difficult. In some cases, you may suffer from a generalized lack of passion and purpose in your life.

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Sometimes, this can come from having suppressed passion in your life for too long. Sometimes, it can come from eating poorly and lack of exercise. But occasionally, it may have something to do with your internal chemistry or programming. If the latter applies to you, it may be useful for you to seek help in the form of a coach, mentor, or counselor.

In other cases, not knowing your true purpose may be a matter of having not discovered it yet: you may not have found anything that makes your heart beat faster. If this is the case, now is the time to explore!

The Internet is a fantastic tool for learning and exploration. Search hobbies and careers and learn as much as you can about any topic that triggers your interest, then follow up at the library on the things that really intrigue you. Again, remember that this is your life and only you can give yourself permission to explore all that the world has available to you.

How Do You Know When You’ve Found Your True Entrepreneurial Purpose?

I can only tell you how I knew when I had discovered my own — it didn’t hit me like a ton of bricks. Rather, it settled over me, bringing a deep sense of peace and commitment. It felt like I had arrived home and knew exactly what to do and how to proceed.

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Everything flowed easily from that point forward. That’s not to say that I found success immediately after that moment. But rather, the path ahead of me was clear, so I knew what to do.

Decisions were easier and came faster to me. And success has come on MY terms, according to my own definitions of what success means to me in my own lifestyle design.

Dig deep, look within, and seek whatever help you need. Once you find that purpose and passion, your life — not just your entrepreneurial life, but your entire life — will never be the same.

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Featured photo credit: Garrhet Sampson via unsplash.com

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