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Know
what you are worth
You can almost guarantee
that the person negotiating the
terms of employment on behalf
of the company knows your value.
When you begin negotiations,
you should also know how much
your work is worth. Using internet
resources, do research on the
salary and compensation ranges
for comparable jobs in the area.
Be sure to use sources that account
for differences in cost of living
between cities.
Glean information
during interviews and from your
network of sources that indicates
the relative value of the position
in the company. Are you applying
to be a CFO or an entry-level
accountant?
Set a clear
goal
Studies on negotiation
consistently show that people
who set clear and aggressive
goals achieve more favorable
settlements than those who aim
low or do not set goals at all.
If you want a salary of eighty
grand and a total package worth
100 grand, shoot for it by throwing
out an anchor worth more than
100 grand.
Set a walk-away
price
You know your own
financial goals, responsibilities
and liabilities. If you cannot
take anything under seventy grand
and still make sense of accepting
the position, do not pretend
that you can. Your walk-away
price depends not only on your
financial needs, but also on
the attractiveness of your alternatives
to accepting the offered position.
If you are currently making sixty
grand and there are no other
offers finding you, settling
at sixty-eight grand might not
be a bad idea. If, on the other
hand, you have been offered a
position for seventy-five grand
and a generous benefit package,
sixty-eight grand seems less
reasonable.
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