On Salary Negotiation
Suppose you are a hiring manager, what negotiation tactics your counterpart may use?
- Make sure you negotiate. Ask for some time to think about it before making a decision
- Only AFTER they really like you, AFTER the interview. Most likely via email rather than real time
- Negotiation is an important knowledge discovery skill at work. Good way/time to demonstrate it.
- Giving out current salary is debatable, giving a range is fine
- Have basic idea on expected range. Do not get surprised or become unsure
- Do not get emotional, e.g.,
- using another person’s salary as reference explicitly
- Avoid “I think”, “I feel”, “I need”
- Hardline on your expectation.
- You can pick up (easily) $5,000 in salary negotiations. The salary part is actually not THAT huge in the total compensation of the employee
- Even if number itself can not change, you can ask for other form of concession, e.g., project assignments, travel opportunities, professional development opportunities
Common arguments
- Q: “I really need a number to move the process forward.”/”This form needs a number.”
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A: Focus on discovering fits and mutual interests. Giving out number, as discussed above, will compromise your position, although in the end you may have no choice
- Q: “We want to figure out whether you’re an appropriate candidate for the position”
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A: Then dive deep with it
- Q: “I have to go to $EXTERNAL_AUTHORITY to get approval of that.”
- A: Refocus the discussion on things which are within the hiring manager’s personal authority.
On re-negotiation
- Make a List of Accomplishments. Do not mentions things other than that, e.g., context, requirement, times at the company, or your PERSONAL needs
- Compare Industry Salaries
- Prepare Your Case First
- Schedule a meeting so that both sides are available, prepared and ready to have a fruitful discussion.
- Anything is better than nothing
- Don’t give ultmatum
- give options, instead of just money
- Timing is important. Don’t wait until auto raise or busy time. Also gives time for them to reach a decision
- Keep it non-personal, and NOT emotional
- View it as good negotiation skill practice