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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 June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

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        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

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              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

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                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

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                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

                                More Inspirations for Entrepreneurs

                                Featured photo credit: rawpixel via unsplash.com

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