Thursday, February 20, 2014

Keys to Salary Negotiation

You will probably agree with me that once you find a job that you find interesting, you want to make sure the price is right.  The salary is probably in your top two decision making factors, the other being working in a career you want and know how to do.

Use the following keys to help you negotiate the salary you want.


Negotiation Key #1 Research before hand
Find out what the high, medium, and low salaries are for your job.  Find out the salary average for your city and state.  Research your field of expertise as it relates to your experience and time you have in the field.  Look at the salaries for those at the company you are looking to work for.  Also research the benefits that will come with the job you are applying for.  Do all this and you’ll have items and knowledge to negotiate with.

Negotiation Key #2 Wait for the offer
Do not jump the gun on talking about salary.  Wait until they make an offer.  When they make the offer they want you, not all the other candidates.  Do not make the mistake of cancelling yourself out before you are even offered the job.  Once the offer is made, give thanks and ask for time to consider it.  The first number is not the end, but the beginning, so come back, after you have prepared yourself for negotiating and offer a number to your liking.

Negotiation Key #3 Counteroffer a little higher
Once you have an offer on the table counteroffer a salary a little higher than you want.  If you get that higher amount, great!  The purpose of this higher counteroffer is to prepare for a counteroffer from the company.  If that happens they will probably offer something close to what you want.  You make sure that once you start working you prove your worth.

Negotiation Key #4 Specific numbers
When negotiating a salary, provide specific numbers, not whole or rounded numbers.  It is all about the appearance.  You will be seen as someone educated and has done research.  You will catch their attention and find favor in you.  Instead of $51,000 offer $51,200.  Research has found that specific numbers is more effective – round numbers add nothing.  Once you offer a specific number be ready to give your reasoning.  That is why we do research.

Negotiation Key #5 No Fear
Do not let fear stop you from getting what you want, especially when it comes to pay.  It never hurts to ask.  It really does not.  Remember, negotiation should start after you have been offered the job.  This should give you confidence to know they want you and that they are willing to hear you.  If fear is a big problem for you, do yourself a favor and force yourself to spit it out – that is to ask for a higher pay or whatever you want.

Negotiation Key #6 Kind threats
Research has suggested that little delicate threats could help you in negotiations.  Be poised and considerate of the favor the company has just offered you – the job.  The purpose of this key is not for you to get in an argument with the company or offer a threat that is careless and insulting.  The purpose is to emotionally connect with the company so that they offer a favorable salary in your eyes.  Do not say, “If you don’t offer me this, I’m walking.”  Say something subtle like, “That salary seems okay, but I am looking for something higher.  I may need to think about the offer a bit longer and go over my options.”  **Please note:  Do not try to get companies to outbid each other.  You will find that that is ineffective and insulting and you may find you have no job offer anymore.  

Negotiation Key #7 Negotiation has boundaries
Do not think you are the All Power OZ and deserve a certain salary.  You do not want to be perceived as arrogant and non-compliant.  If they can’t meet your high request, they shouldn't have to say no many times.  Push for what you want, but do not upset a manager.  Understand the concept of a win/win situation – there is always a little give and not room for fixed mindsets.  Be prepared to stop negotiations if things are not going good.

Negotiation Key #8 Silence is good
Once you have been offered a salary, sit there quietly.  Have an uneasy look on your face.  The one who offered you the salary will see that uneasiness and ask what you think about the offer.  They will probably feel an obligation to meet your requests and needs because of the uneasiness you caused with your quietness.  This is when the negotiation begins -when you pull out all of these negotiation keys to help you negotiate the salary you want.

Negotiation Key #9 No negotiating the salary
Frequently you will not be able to negotiate the salary.  In these situations try to negotiate other areas.  There are bonuses (signing or performance), vacation and sick days, or other benefits.  There could be a list of areas that you can look into for negotiating the conditions of your job offer.  Ask about paying for gym membership.  See if they will contribute a certain percent amount to a retirement account. Ask about these other alternatives and see if they will accommodate your wishes.

Negotiation Key #10 Good environment
 A way you will be able to negotiate is making sure there is a good environment, a good feel, a trusting relationship.  This should be on your mind when you first talk to someone at the company you wish to work for.  Keep conversations good and fun.  Avoid negative or demeaning conversations that might make someone uncomfortable.   If you build relationships of trust you will be negotiating with a “friend” who will do their best to meet your requests.

Monday, February 10, 2014

Ikea Job Interview...


Job Interview questions

Here is not a list of questions to or not to ask in a interview.  Here are a few tips to think about.


You can search the internet to find a list of questions to ask or not to ask while in a job interview.  You'll find common ones and you'll find some unique ones.  Find those questions you like and put them in your list of questions to bring to the interview.  Make up your own list of questions as well.  Now you have a long list of questions to ask.  Great, right?  You betcha!

But hold on!  Are your questions the right question to ask?  To find out, ask yourself the below questions about each of the questions you have in your list.  The point of doing this to make sure you ask prudent questions.  In this context, prudent would refer to carefully selecting questions that relate to you securing a job offer in the short future.  Prudent is defined as showing care in providing for the future.  In the following, we'll go into a little detail of what we mean by in asking prudent questions.

Questions for your Questions
1) When will be the appropriate time to ask this question?
2) Is this question appropriate to ask?
3) Is the topic in this question going to help me get the job or could it hurt my chances?
4) Do I already know the answer to this question?  Should I know the answer?


1) When will be the appropriate time to ask this question?
To give an extreme example; don't ever let your very first question be about what benefits.  When you ask appropriate questions at appropriate times, you are engaging with the interviewer about what they want to know about you...at that time.  The interviewer has the upper hand - they have a list of candidates they can offer the job to not just you.  If you are in the first or second interview phase, you'll be asked questions to see if you're qualified.  So, it might be a good idea to ask questions about job responsibilities of the position.  These questions will lead into conversations in which you can tell about your qualification.  Give the interviewer confidence in the fact that you are the best candidate.  When you are asking the right questions, at the right time; the questions give you an "in" to have a discussion with the interviewer.  When a discussion develops, you'll be able to talk about your abilities.

2) Is this question appropriate to ask?
You may have a number of questions that aren't necessarily appropriate to ask.  Experts suggest you ask 4-5 questions in a interview.  However, bring more than five questions, as some may be answered during the interview without you asking them.  You want to ask the important questions.  Please realize you are in a interview, which means you are being evaluated.  here is an example: in your interviews you've asked about working half days on Fridays, because that is what you have been used to with a previous employer.  This could be considered a inappropriate question to ask.  Questions like this shows lack of discipline and commitment.  Ask appropriate questions that relate to the job responsibilities, company culture, team goals, etc.  You want to give the interviewer the idea that you are a hardest worker and the best choice.

3) Is the topic in this question going to help me get the job or could it hurt my chances?
The purpose of this question is to make sure you aren't bringing up something may be a concern to the interviewer.  This is the first or perhaps one of the few times the interviewer has interacted with you.  They don't really know your work ethics or your personality.  An interview is the opportunity for you to not give the interviewer any reason to question your abilities, your work ethics, or commitment.  You also don't want them to think that you could be a problem if you are hired.  We can use the same example as in #2, "Would I be able to work just half days on Fridays?"  This is a topic you can bring up once you have started working in a new position.  A question like this could hurt you and bring on some unwanted and unrecoverable judgment from the interviewer.  It's better to ask this question after you have the job and you have a chance to recover if it is frowned upon.  In the interview, one chance is all you get.

4) Do I already know the answer to this question?  Should I know the answer?
You ask this question to help yourself not to look incompetent in front of the interviewer.  Just about every company has a website.  If a answer to a question is on the company's website, in a obviously way, you better not ask that question in the interview.  A good example of knowing the answer already would be to ask if the job is a work from home type of a job.  If the job description said so, it would be so.  Obvious answers to questions should be known already.  If you ask the question without doing research you'll probably face issues that were brought up in #3 question above - the interviewer will make a quick judgment that you will bring a problem to their work environment and will end the interviewing process with you.