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“Holla for that Dolla”
A breathtaking presentation on negotiation by Kai Davis
No one cares about your
career more than you.
"I tell my graduate students that by not negotiating their
job at the beginning of their career, they're leaving
anywhere between $1 million and $1.5 million on the table
in lost earnings over their lifetime."

    — Linda Babcock, Carnegie Mellon University
If you don’t ask for money
periodically, you’re likely
to be underpaid.
Me


     Negotiated a $16,000 raise, promotion
     to department manager, and 1 month
     paid vacation in San Diego.
•   Specific problems the company was
    facing
•   Specific problems the company was
    facing
•   How I added value over the past 12
    months
•   Specific problems the company was
    facing
•   How I added value over the past 12
    months
•   Solutions that would add hundreds of
    thousands of dollars to the bottom line
•   Specific problems the company was
    facing
•   How I added value over the past 12
    months
•   Solutions that would add hundreds of
    thousands of dollars to the bottom line
•   What other people were getting paid
•   Specific problems the company was
    facing
•   How I added value over the past 12
    months
•   Solutions that would add hundreds of
    thousands of dollars to the bottom line
•   What other people were getting paid
•   What I’d do if they said no
•
•
•
•
•
    Specific problems the company was
    facing
    How I added value over the past 12
    months
    Solutions that would add hundreds of


                                          }
    thousands of dollars to the bottom line
    What other people were getting paid
    What I’d do if they said no
                                               Time:
                                              8 hours
•   Prepare for your negotiation
•   Prepare for your negotiation
• Pinpoint exactly how much you need to earn
•   Prepare for your negotiation
• Pinpoint exactly how much you need to earn
• Deflect a common negotiation trap
•   Prepare for your negotiation
• Pinpoint exactly how much you need to earn
• Deflect a common negotiation trap
• Use the ‘Door-in-the-Face’ technique to
    bypass negotiation barriers
A Word of Warning
How much is your time worth?
Sit down and figure it out!
Use a salary search site
Use a salary search site

      •   Glassdoor
      •   Payscale
      •   OLMIS
      •   Indeed
Ask a friend
Stalk your Job
Break down the job posting line by line
Research the website extensively
Suggest 3 specific things you’d do
to improve the company
“So, how much do you make?”
You can always come down in price
You can always come down in price

      You can NEVER go up
So, what do you say?
1. N/A
2. “I want to make sure it’s a good fit”
3. Stress how much you’d like to
do going forwards
The Offer Sucks
Walk Away
Ask for more vacation time
Negotiate a future review
If they say no, what will you do?
Door-in-the-Face Technique
Negotiate a future review
(You know you rock)
Negotiate a future review
  (But they don’t...yet)
Next Steps
Practice
Practice

• Make a budget and identify your minimum per-hour
• Role play a negotiation with a friend
• Buy something on Craigslist and negotiate the price
Slides + Notes Posted:

http://www.kaisdavis.com/negotiate
Discussion

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Holla for that Dolla

  • 1. “Holla for that Dolla” A breathtaking presentation on negotiation by Kai Davis
  • 2. No one cares about your career more than you.
  • 3. "I tell my graduate students that by not negotiating their job at the beginning of their career, they're leaving anywhere between $1 million and $1.5 million on the table in lost earnings over their lifetime." — Linda Babcock, Carnegie Mellon University
  • 4. If you don’t ask for money periodically, you’re likely to be underpaid.
  • 5. Me Negotiated a $16,000 raise, promotion to department manager, and 1 month paid vacation in San Diego.
  • 6. Specific problems the company was facing
  • 7. Specific problems the company was facing • How I added value over the past 12 months
  • 8. Specific problems the company was facing • How I added value over the past 12 months • Solutions that would add hundreds of thousands of dollars to the bottom line
  • 9. Specific problems the company was facing • How I added value over the past 12 months • Solutions that would add hundreds of thousands of dollars to the bottom line • What other people were getting paid
  • 10. Specific problems the company was facing • How I added value over the past 12 months • Solutions that would add hundreds of thousands of dollars to the bottom line • What other people were getting paid • What I’d do if they said no
  • 11. • • • • • Specific problems the company was facing How I added value over the past 12 months Solutions that would add hundreds of } thousands of dollars to the bottom line What other people were getting paid What I’d do if they said no Time: 8 hours
  • 12. Prepare for your negotiation
  • 13. Prepare for your negotiation • Pinpoint exactly how much you need to earn
  • 14. Prepare for your negotiation • Pinpoint exactly how much you need to earn • Deflect a common negotiation trap
  • 15. Prepare for your negotiation • Pinpoint exactly how much you need to earn • Deflect a common negotiation trap • Use the ‘Door-in-the-Face’ technique to bypass negotiation barriers
  • 16. A Word of Warning
  • 17. How much is your time worth?
  • 18. Sit down and figure it out!
  • 19. Use a salary search site
  • 20. Use a salary search site • Glassdoor • Payscale • OLMIS • Indeed
  • 23. Break down the job posting line by line
  • 24. Research the website extensively
  • 25. Suggest 3 specific things you’d do to improve the company
  • 26. “So, how much do you make?”
  • 27. You can always come down in price
  • 28. You can always come down in price You can NEVER go up
  • 29. So, what do you say?
  • 31. 2. “I want to make sure it’s a good fit”
  • 32. 3. Stress how much you’d like to do going forwards
  • 35. Ask for more vacation time
  • 37. If they say no, what will you do?
  • 40. (You know you rock) Negotiate a future review (But they don’t...yet)
  • 43. Practice • Make a budget and identify your minimum per-hour • Role play a negotiation with a friend • Buy something on Craigslist and negotiate the price
  • 44. Slides + Notes Posted: http://www.kaisdavis.com/negotiate

Editor's Notes

  1. \n
  2. Why negotiate? \n* Earn more money. \n* The more you negotiate now, the more you’ll earn over your lifetime.\n\nSnowball effect \n\nWe’re actively taught that it’s “weird” and “awkward” to negotiate. By contrast, I find it “weird” to lose $10,000 because you didn’t take 5 hours to practice your negotiating pitch beforehand. By simply starting a negotiation, you stand out from 80% of other applicants who make a decision not to negotiate. \n\n\n
  3. Snowball effect.\n
  4. \n
  5. \n
  6. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  7. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  8. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  9. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  10. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  11. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  12. How did I negotiate that? \n\nBy identifying how I could help the company. \n
  13. These are strategies and tactics that have worked for me. I want you to leave the room with the seed of this planted in your mind. \n
  14. These are strategies and tactics that have worked for me. I want you to leave the room with the seed of this planted in your mind. \n
  15. These are strategies and tactics that have worked for me. I want you to leave the room with the seed of this planted in your mind. \n
  16. These are strategies and tactics that have worked for me. I want you to leave the room with the seed of this planted in your mind. \n
  17. \n
  18. \n
  19. \nSit down and figure it out. Come up with your budget, and if you want to find out how much your time is worth, simply divide your budget by the number of hours you want to work. That’s your starting/break-even point. From then, simply figure out how much more you want to make to decide your profit-level.\n
  20. Research and inform yourself of what the market bears. Use fact to guide your negotiations.\n
  21. \n
  22. \nNegotiation is a discussion of facts. Any counter-offer needs to be constructed with the impression that it’s based on data. “I want a 10% raise because, based on my research, that represents the average salary for this gig elsewhere in the industry.”\n\n
  23. Story: \nPalo Alto Software. I broke down the job line by line, writing a paragraph for each line on how I’ve used this problem and how I can use this skill for them. \n\n
  24. \n
  25. \nWhen we hired a Marketing Manager at IRIS Media, he showed up to the meeting with 3 pages of notes on strategies and tactics we could start using, an exploration of our competitors, and a potential partner we hadn’t noticed. \n
  26. \n\n
  27. By placing a hard salary number out in the open or, even worse, providing a range, you’ve set an expectation too early in a process.\nGiving a range to a potential employer - you’ll be thinking that they can offer the high end of the range and they’ll certainly only hear the low end. \n
  28. First, he said, when filling out any kind of job application form that asks for your current or old salary information, write “NA.” Then, when you’re talking with the recruiter and he or she asks you the same question, respond with, “I’m sure we’ll find a number that works for both of us, but for now, I want to make sure it’s a good fit.” You could also say, “I’m really not comfortable with revealing that information but I am interested in discussing some of the other ways I can help the company,” Mr. Sethi said.\n\n
  29. \n
  30. * Focus on Qualifications and the role\n\n* Stress that you hope that if you’re the right candidate for this opportunity, you’ll be fairly compensated for your work. \n
  31. * Focus the conversation on your skills, experience, and interest.\n* You’ll come off concerned about how the job can help your career and not your wallet. \n* Enthusiasm should be derived from opportunity, not the pay check. \n
  32. \n
  33. * Loss Prevention Story\n
  34. \n
  35. \n
  36. \n
  37. Large request, easily turned down (Door in your face)\n Follow up with a much smaller request (looks very reasonable)\n\n
  38. \n
  39. \n
  40. \n
  41. \n
  42. \n
  43. \n
  44. \n
  45. \n