Anything!! (If needing a job ASAP.)

The most you can possibly give me. (If I could only figure out what that is!)

I have no clue. (Probably the most common internal response!)

There are entire books written on how to negotiate salary, but I want to give you highlights of two of the most important.

The first is education. You can’t even begin to bargain if you don’t know what the going salary is for people in your position and location. So how do you find out what that is? Like anything else, online! Google your job function + average pay; find job ads that list the salary offered; visit payscale.com to search according to function and geographic area.

Of course, it never hurts to ask around. Conducting informational interviews or asking industry friends what the average salary is can only help. Whether in-person, online, or both, research as many sources as possible. You’ll end up with a more accurate profile instead of one number that could be at the very high or very low end of the range.

The other rule of thumb – if at all possible, avoid naming a number first! The key is to make them want to hire you so much that they’ll do whatever they can to get you what you want. This is tricky, because interviewees understandably don’t want to appear difficult. While there’s always a risk, in my experience, it’s small. Reduce it even further (and gain more bargaining power), by responding as respectfully as possible. Turning it around – while at the same time reminding the interviewer that you are interested in the position and don’t want to talk money yet – is a great way to deflect this question. One example is:  “I’d love to hear more about the position and what it entails before I can give an accurate answer.”

When conducting your research, don’t forget about benefits and perks. Even if you can’t get the association to budge on pay, they may be able to sweeten the pot with extras!

First, let them go first and reply by adding 25% to their offer.  It’s unlikely that will leave money on the table, and you can come down from there to what you think is your best offer.

Second:  There’s also glassdoor.com, vault.com, payscale.com, jobstar.org, and many other sites to find a competitive salary on.

1. It is not all about money. The most important thing that you can negotiate early on in your career is not money. It is the chance to learn new skills. What you learn in your first few jobs are the skills that will enable you to get better jobs and more money in the future. You can negotiate about whom you are going to work with, what projects you will be assigned to and what training you will receive. Sometimes if the company doesn’t have a formal tuition reimbursement program you can negotiate about getting the company to pay for additional education.

2. Be prepared. The more you know about the job market, and about your prospective employer, the better you will negotiate. Information is readily available on the Internet, at the library, from professional associations and through networking. Proper preparation enables you to know what is possible and to get what you want.  If the salary that a company offers is low you will have the information necessary to show them that they need to reconsider because they are below market. 

3. Don’t act like you are negotiating. While you want to negotiate the best possible deal, you should do so in a way that doesn’t look like you are negotiating. Remember the employer is trying to recruit you, particularly after they have decided you are the person they want to hire. Let them. Tell them what your concerns are. Ask for the things you want nicely without ever suggesting that you won’t accept the job if you don’t get them. “Would it be possible…” or “Could you…” or ‘Other companies I have been talking to have offered, is it possible….” are non threatening ways for you to ask. Throughout the process, and especially when you are asking for something, let them know how excited you are about the opportunity and how much you want the job.

Understanding these principles will allow you to effectively negotiate the best possible terms in your new job. Once you are hired, do a good job and continually seek out new challenges. As you take on added responsibilities and learn new skills, there will be lots of opportunities to negotiate further improvements.

In a tough economy most individuals don’t think they have the ability to negotiate salary. Regardless of the state of the economy, if you are able to get a job offer you probably are in a better position to negotiate than you think. When it comes to negotiating, as in every aspect of your life, you limit yourself by what you think you can do. If someone wants to hire you, it is because you offer something that they value. As a result you are in a position to negotiate for additional money, benefits and opportunities. There are, however, right and wrong ways to go about it. Here are some tips to help you negotiate better even when the job market is weak.

1. Take the time to learn how to negotiate, Negotiating is something you can learn. Like good writing and math, negotiating skills have to be learned. Take a class, attend a seminar or read a book on the topic. The ability to negotiate effectively will help you throughout your working career, not only when are negotiating about compensation. Every day at work you negotiate about deadlines, to get resources, about time off and to get assignments that will propel your career forward and enable to earn more money. Ultimately your career success depends on your ability to effectively negotiate. Time spent learning how to negotiate is time well spent and will pay dividends throughout your career.

2. Get a potential employer to “fall in love” with you before you talk about money. The time to be asking for things is after an employer has already decided to hire you. .Focus on what is important to the employer and what you can do for them. In tough times making or saving money is always important. So is your ability to make your prospective boss look good. Employers want to hire people who bring value and they are willing to pay what is necessary to hire them. Once the employer has decided to make you an offer, then, and only then, should you start discussing the terms of employment. Until that time, whenever the subject comes up talk about the job. Be enthusiastic about wanting the job. Show that you really want to work there. Ask for the job. No one wants to hire a person who is only looking for a paycheck. If asked what you are looking for in terms of compensation, say something like “I am sure that if I am the right person for the job and the job is right for me, something that is fair will be readily worked out.” Then ask some questions about the job. You will look good to the employer and defer the conversation until a time that is more appropriate.

3 The only difference between being employed and being unemployed is your self confidence. You are same person when you are unemployed as you were when you were working. You have the same skills and same experience. The value you can bring to an employer doesn’t change just because you don’t have a job. The only difference is your confidence. If you exhibit confidence you can not only negotiate effectively, it will help also you land the job you want. Competition for your services will also make you seem more valuable in the eyes of a prospective employer. Talking with several prospective employers at the same time will not only increase your confidence but will enhance your bargaining leverage.

Once you are hired, do a good job and continually seek out new challenges. As you take on added responsibilities and learn new skills, there will be opportunities to negotiate further improvements.