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SALARY NEGOTIATION |
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Use a salary calculator as a simple and fairly accurate method to estimate your industry's salary range. There are also several other reliable comparisons.
- Compare job listings in your industry.
- Contact employment agencies or professional recruiting firms.
- Call professional trade associations.
- Review trade periodicals.
- Examine free salary surveys online at job search engines such as Monster, HotJobs or CareerBuilder.com.
Remember, salary is only one element of a job compensation package. An attractive compensation package can make an entry level salary seem more desirable.
Here are some other benefits that you need to evaluate when considering a job offer:
- Health and dental insurance plans.
- Paid vacation.
- Paid sick leave.
- Retirement or 401K savings plans.
- Bonuses.
- Tuition reimbursement.
- Stock options.
Additional Salary Negotiation Tips:
- You must ask for a salary raise and other benefits; it does not happen automatically.
- Do your homework before you ask for a raise. Check the Internet for the average pay scale in your field and position and what your needs are.
- Evaluate your responsibilities and accomplishments yearly; try to move up in both the areas and use your improvements and accomplishments to negotiate your salary.
- From time to time, you should also review your benefits and bring those to the table for negotiations, such as hours of work, company vehicle and additional vacation time.
- Tell the prospective employer that you're very interested in the position, but will need some time to consider the job offer. You should take at least one day to consider the offer, but several days would be ideal. Taking a day or less to respond will not allow you ample time to evaluate the necessary factors for developing a counteroffer, and it will also imply eagerness on your party, thereby weakening your bargaining power.
- It's more likely that you will gain more respect from the prospective employer and not offend the employer, if you try to negotiate a higher salary or compensation package. Asking for more money leaves the impression that your skills are valuable. Don't be concerned that the employer will summarily dismiss you if you ask for more money. The employer offered you a job because you were the top choice, so find out how badly the employer wants you.
Other helpful job tips from Resumes.com:
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