This document provides guidance on evaluating job offers and negotiating salaries. It discusses factors to consider when evaluating a position such as values, skills, responsibilities, supervisors, companies and benefits. It then reviews strategies for negotiating offers such as knowing your worth, researching salaries, having leverage, and negotiating salary and other terms. Tactics discussed include delaying responses, stating a higher desired salary, and negotiating additional benefits if salary cannot be increased. The presentation emphasizes preparation, being confident and avoiding common negotiation mistakes.
Successful Interview and Salary NegotiationAdrian Tan
Most of us are striving to improve our careers by targeting more challenging, better paid, more secure jobs. With the current uncertainty in the global economy, whether you are searching for your step up in your career or searching for a new career, you need to be on top of your game. It’s a competitive marketplace to get that ideal job. The main aim for this talk is to equip you with the knowledge, skills and confidence when job hunting by giving you insights, manage your expectations and train you on the skills to increase your chance of scoring the job that you want.
Successful Interview and Salary NegotiationAdrian Tan
Most of us are striving to improve our careers by targeting more challenging, better paid, more secure jobs. With the current uncertainty in the global economy, whether you are searching for your step up in your career or searching for a new career, you need to be on top of your game. It’s a competitive marketplace to get that ideal job. The main aim for this talk is to equip you with the knowledge, skills and confidence when job hunting by giving you insights, manage your expectations and train you on the skills to increase your chance of scoring the job that you want.
Career Coach Guide To Job Interview and Salary Negotiation 2015Adrian Tan
My presentation at an Executive Career Management Talk at e2i Singapore.
Gain insider tips on interview skills and crucial insights on salary negotiation. Equip yourself with knowledge, skills to make the ultimate impression at the coveted job interview.
And find out why you should negotiate your salary no matter how good the offer is.
It's obvious that happiness plays a key role in our lives. A study of over 250,000 people found that happiness leads to many positive benefits, including: higher income, more productivity, higher energy, better relationships, and better health.
Surprisingly, it's not success that causes happiness, but being happy that tends to lead to success. Studies have identified three common factors that can increase our happiness at work—and in life.
Autonomy
Employees with autonomy—whether managing their own time or deciding what they work on and when—have greater job satisfaction and report more fulfilling lives.
People with high income but little autonomy are usually much less happy than people with low income but control over what they do.
Finding ways to control your work with time-management skills and productivity tools can bring peace to your schedule and happiness to your job.
Purpose
We want to feel that we matter and that we make a difference. Data from 11,000 U.S. workers showed that the strongest predictor of meaningfulness at work was the belief that the job had a positive impact on others.
Finding meaning in what you do gives longterm inner satisfaction.
Mastery
One common habit of people who are happy at work is that they identify their strengths and skills and are committed to continuously improving as a lifetime goal.
Acquiring a new skill or improving one you already have is easier than ever thanks to on-demand elearning sites. For example, you can learn: software, leadership, finance, and more whenever and wherever you like and learn from top instructors who meet you where you’re at—beginner, advanced, or anywhere in between—to boost your confidence, keep you happy, and get the job done!
lynda.com and other elearning platforms aid mastery by reproducing the best teacher experiences. Great teachers offer knowledge, but also much more: motivation, confidence, and a boost of positivity—all of which really make learning stick!
Learn more: http://www.lynda.com/Business-training-tutorials/29-0.html
How to grow in life by not neglecting different parts of life. People mostly focus on money and career, but sometimes family. But life is beyond these three things
The secret to salary negotiation involves timing, preparation, and not being the first person to blurt out a number. This short presentation offers tips from the hiring manager's perspective on how to approach salary negotiation, and how to ask for more than you want to end up with exactly what you need.
Is there a salary negotiation coming up? Maybe you'd like to express your salary expectations during a job interview? Then check out these 7 ways to successfully negotiate salary composed by Benjamin Maurice, Team Manager at Real Life Sciences France which is part of the SThree Group.
For more information and tips visit our website: http://www.sthreecareers.com/.
Career Coach Guide To Job Interview and Salary Negotiation 2015Adrian Tan
My presentation at an Executive Career Management Talk at e2i Singapore.
Gain insider tips on interview skills and crucial insights on salary negotiation. Equip yourself with knowledge, skills to make the ultimate impression at the coveted job interview.
And find out why you should negotiate your salary no matter how good the offer is.
It's obvious that happiness plays a key role in our lives. A study of over 250,000 people found that happiness leads to many positive benefits, including: higher income, more productivity, higher energy, better relationships, and better health.
Surprisingly, it's not success that causes happiness, but being happy that tends to lead to success. Studies have identified three common factors that can increase our happiness at work—and in life.
Autonomy
Employees with autonomy—whether managing their own time or deciding what they work on and when—have greater job satisfaction and report more fulfilling lives.
People with high income but little autonomy are usually much less happy than people with low income but control over what they do.
Finding ways to control your work with time-management skills and productivity tools can bring peace to your schedule and happiness to your job.
Purpose
We want to feel that we matter and that we make a difference. Data from 11,000 U.S. workers showed that the strongest predictor of meaningfulness at work was the belief that the job had a positive impact on others.
Finding meaning in what you do gives longterm inner satisfaction.
Mastery
One common habit of people who are happy at work is that they identify their strengths and skills and are committed to continuously improving as a lifetime goal.
Acquiring a new skill or improving one you already have is easier than ever thanks to on-demand elearning sites. For example, you can learn: software, leadership, finance, and more whenever and wherever you like and learn from top instructors who meet you where you’re at—beginner, advanced, or anywhere in between—to boost your confidence, keep you happy, and get the job done!
lynda.com and other elearning platforms aid mastery by reproducing the best teacher experiences. Great teachers offer knowledge, but also much more: motivation, confidence, and a boost of positivity—all of which really make learning stick!
Learn more: http://www.lynda.com/Business-training-tutorials/29-0.html
How to grow in life by not neglecting different parts of life. People mostly focus on money and career, but sometimes family. But life is beyond these three things
The secret to salary negotiation involves timing, preparation, and not being the first person to blurt out a number. This short presentation offers tips from the hiring manager's perspective on how to approach salary negotiation, and how to ask for more than you want to end up with exactly what you need.
Is there a salary negotiation coming up? Maybe you'd like to express your salary expectations during a job interview? Then check out these 7 ways to successfully negotiate salary composed by Benjamin Maurice, Team Manager at Real Life Sciences France which is part of the SThree Group.
For more information and tips visit our website: http://www.sthreecareers.com/.
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Evaluating the offer & salary negotiation
1. Evaluating the Job Offer and
Salary Negotiation
Ryan Carty
Career Consultant
University of Georgia Career Center
2. Objectives
How to evaluate a job offer
Values, position, supervisor, company, office environment, salary, benefits
How to negotiate an offer
Negotiating position, timing, reasons & tips for negotiation, real life examples & tactics,
case study
Q&A
3. Consider this…
When evaluating a job offer, consider:
Your Values
Your Skills
The Position
Your Supervisor
The Company
Office Environment
Salary
Benefits
6. The Position
Primary Responsibilities
Based on the job description, what specific tasks would you enjoy doing?
What skills will you use in order to be successful in completing those tasks?
What tasks would you not enjoy doing?
Are there skill sets that you will need to develop in order to complete the tasks? If so, what
are they?
What set goals for the position are realistic and attainable?
What goals do not seem realistic?
https://uga-
csm.symplicity.com/students/index.php?mode=form&id=20316701215d794f0b3912e8b1f
56d04&s=jobs&ss=jobs
7. The Position
Intellectual Challenge
Any variety? Or will you get bored?
Will you be challenged to learn new skills to use in the future?
Training Received
Provides training and support you need to succeed?
Offer continuing education options?
8. The Position
Advancement Opportunities
Can you move up in the company?
How does this position fit into your short- and long-term goals?
Commute Time
How long? Will it be worth it?
How much will you spend on gas?
How will this affect your productivity?
Location
What do you like/dislike about the region?
What is the weather like?
Are there cultural and entertainment opportunities available?
Will your spouse/significant other be able to find a job?
Is the cost of living within your budget?
9. Your Supervisor
How long has he/she been in the position?
To whom does he/she report?
What is his/her previous work experience?
Do you work well with this person? The same goes for future colleagues
Will he/she be a mentor to you?
10. The Company
Growing versus downsizing?
Technologically innovative?
Positive reputation and image?
Profitable?
Financial stability?
High employee morale?
Record of layoffs or downsizing?
Do company values match yours? Mission statements?
Is diversity valued?
http://www.glassdoor.com/Overview/Working-at-Systems-Evolution-
EI_IE382972.11,28.htm
11. Office Environment
Physical environment and working conditions?
Fast-paced versus slow?
Turnover rate?
Independent work versus teamwork?
Overtime expected?
Typical work hours?
Typical work day/week?
Required to travel? How frequently?
Number of co-workers?
Organizational structure of the office?
12. Salary
Know how much you need to survive – come up with a range, the top being the
best you can hope to get and the bottom being the least you will take.
Have you considered the cost of living?
Is your base salary at the market level?
Research market salaries using resources such as:
Salary.com
Glassdoor.com
Payscale.com
Cost of living indexes
Will you receive a signing bonus? Annual bonus? Other incentives?
Will you be eligible for salary reviews and promotions? When?
Will you work on commission?
13. Benefits
WHAT BENEFITS WILL YOU RECEIVE AS A
PART OF YOUR JOB OFFER?
ADDITIONAL BENEFITS TO CONSIDER:
Medical
Dental
Retirement programs
Stock options
Pension plans
Life insurance
Short and long-term disability
Holiday, vacation, and sick days
Relocation expenses
Equipment (computer, phone, etc.)
If travel is required, will you have a
company car? Expense account?
Employee wellness support programs
Flex time
Tuition reimbursement
Professional development or other
trainings
Child care
15. Debunking the Myths
1. Recruiters are uncomfortable/surprised when negotiating - Recruiters
expect you to negotiate.
2. You have to discuss/list your previous salary - You have no obligation to
disclose any figures no matter what the recruiter says.
3. The recruiter will dismiss me if I ask too much – Always ask for what you
believe is your worth, but be realistic. Don’t ask for WAY too much.
16. Debunking the Myths
4. You have to suck up to get the job – HR managers are more impressed by
people who are confident and know their self-worth. Most people don’t do it,
so you’ll be a step ahead of the rest.
5. The economy is really tough right now – That’s not your fault! Everyone is
affected by the economy. Still ask to be paid your worth.
6. The recruiters don’t need you – Recruiters hate losing good candidates to
competing companies.
17. When Should You Negotiate?
You may have a strong negotiating position if:
Your skills, experiences, and education are worth more than the offered
amount
The pay range for the position is less than the industry average
The cost of living is higher in the area where the job is and the salary offer
does not reflect that. Check the U.S. Census Bureau (www.census.gov).
You have multiple offers with similar salary and benefits packages
You can sell how you will be an asset to the company
18. What Should You Negotiate?
Relocation expenses
Vacation/sick time
Telecommuting options
Salary reviews
Alternate work hours (flex time)
Start date
19. The Science and the Art of Negotiating
Your approach is a Science
Know your self-worth
Research the desired position
Your tactics/techniques are an Art
Try to delay
Give an amount higher than you would accept
Know what you have to leverage.
Negotiate other factors
Inquire about performance evaluations
Be professional
20. Why YOU?
Know your self-worth and personal brand:
1. Skills & Knowledge – what makes you unique?
2. Education – do you have an advanced degree?
3. Past performance (quantifiable results, accomplishments) and how that can be
leveraged for your success at the new company
4. Your plans for the company
5. Multiple job offers from other companies
21. Research Research Research!
Resources: Payscale.com, salary.com, and glassdoor.com
Find a salary range (Ex: $40,000-$70,000) that other people in similar
positions are getting paid.
Know Expectations: If salary base + commission, find out exactly what the
expectations are in order to achieve a bonus.
Finally, Be PREPARED to ask. This is a mutually beneficial
challenge/opportunity to get what you deserve. View this as an investment
for the company.
23. Negotiating Tips: Do’s
Here are some tips that will assist you with successful negotiation:
Be confident – if you don’t believe you’re worth more money, the company
won’t believe it. Make eye contact!
Be positive – don’t forget what you DO like about the offer
Be professional – do not burn bridges; keep in mind that you may end up
working with these people
Be honest – companies may know what other companies are
offering so do not falsify information
Be ethical – do not accept an offer and then continue interviewing for others
Be bold – if you don’t ask for it, you’ll never get it
Be flexible – you may not get everything you want
Don’t be greedy – know when to stop
24. Negotiating Tips: Don’ts
Don’t be impatient. Try to delay!
Don’t Be Nervous
Don’t give an exact salary amount that you expect to receive
Don’t be lazy or nervous
Don’t cover your mouth
Don’t be overly aggressive, or too adversarial.
Don’t sound unsure of yourself
Don’t apologize
Don’t give amounts of other salary offers. Rather, say you have other offers and
you’d rather not disclose the exact salary amount.
Don’t undervalue yourself
Don’t push so hard, that your real reasons for wanting the job come into
question.
25. Examples of Tactics
1. Try to delay.
2. Give an amount higher than you would accept.
3. Know what you have to leverage.
4. Negotiate other factors.
5. Inquire about performance evaluations.
6. Be professional.
27. Situation: Early in the interview process, you are asked the
question: What salary are you seeking? How do you
respond?
Tactic: Try to delay.
Employer: What are you looking for in terms of salary?
You: I am willing to negotiate; what is most important to me is whether or not the
job is a good fit for me & the company. I would really rather wait & discuss salary
until we determine whether or not I am the best person for this position.
Employer: Well, we are trying to get an idea of what candidates are expecting.
You: May I ask what you have budgeted for the position? (gage what they are
thinking)
Employer: We are still working that out. In the meantime, it would help if you
would give us your salary expectations.
You: Based on the research I have done on the going market rate for this type of
position, the salary could be anywhere from $50,000 to $60,000, depending on the
specifics of the job, the location, & the total compensation package.
Employer: We will get back to you with the final offer.
28. Situation: You’re offered a salary that is lower than
expected.
Tactic: Give them an amount that is higher than what
you would accept.
Employer: We are offering you a salary of $45,000.
You: First, I would like to thank you for the offer; however, this amount is a bit
lower than I expected. I’d like to ask what flexibility there is in the position.
(pause)
Employer: A little. What amount did you have in mind?
You: I was hoping the salary would be $50,000.
Employer: Well, that is higher than we can manage. We can’t do $50,000, but
we can do $47,500.
You: I can agree to that. Thank you for your willingness to be flexible.
29. Situation: You’re offered a salary of $55,000 for a Financial
Advisor position, but you would like to negotiate for a higher
figure.
Tactic: Know what you have to leverage.
Employer: We would like to offer you a salary of $55,000. What do you think?
You: Your company has offered an annual salary of $55,000; however, based on
information that I have researched on salary.com, the average salary for Financial
Advisors in this area is above $60,000. I believe this salary is more corresponding
with the experience & knowledge that I will bring into your team. I should also
mention that I was offered this same amount in my previous job. With that said,
though, salary is not my only motivation. There are other factors that I am taking
into consideration, but I do have other companies that have offered more than
$60,000. I am very interested in this position & company, so would you be willing to
increase my starting salary?
Employer: I will discuss this with my team and call you back (break). It’s clear that
you have done your homework. After our discussion, we’ve decided that we can
offer you a salary of $61,000. Does this work for you?
30. Situation: You’re offered a salary that is too low. You
have asked for more, but the employer says no.
Tactic: Negotiate other factors
You: I’m very excited to work for Company XYZ and I am confident that I will bring a
great deal of value to the job. I appreciate the offer at $45,000, but I was really
expecting to be in the $50,000 range based on my experience and past
performance, as well as offers recently extended to me by other companies. While
salary is not my only motivation for working here, would it be possible to look at a
salary of $50,000 for this position?
Employer: The company is not in a position at this time to offer a higher initial
salary.
You: I understand. Are there other areas for negotiation such as start date or a
flexible work schedule that would make up for the lower salary?
Employer: Yes, you will have the option of working 8:00-5:00 or 9:00-6:00, and
there are also several flex options during the summer that will be available to you.
We can work with you on that.
31. Situation: You have tried every tactic to negotiate, but
the employer will not budge. You’ve decided to accept
the lower offer anyway.
Tactic: Inquire about performance evaluations.
Employer: We are offering you a salary of $50,000 and that is our final offer.
Take it or leave it.
You: Thank you for considering a negotiation. I have decided to accept this
offer because I believe this position and company are both a great fit for my
personality and career goals; however, in the future, will there be performance
evaluations that will impact my salary?
Employer: Yes, every year all employees are evaluated and raises are
distributed accordingly.
32. Situation: You have tried every tactic and the employer
will not budge. You have decided to reject the offer.
Tactic: Be professional.
Employer: We are offering you a salary of $50,000 and that is our final offer.
Take it or leave it.
You: Thank you for considering a negotiation. After much thought, I have
decided to decline this offer. I very much appreciate the opportunity to work
for Company XYZ, but at this time I don’t feel that this position is the best fit for
me. Thank you again for your consideration.
33. Case Study
THE SITUATION: You graduated 3 months ago with a degree in finance. You
had an unpaid internship with a major bank in Atlanta for 3 months. Your
GPA is 3.4. You've applied for a position in a personal banking training
program with a small bank in rural Georgia. You have determined that the
average salary for someone with the position's title and location is $39,000.
You have heard through contacts that this bank has one slot available and
has had several applicants. You are offered $34,000, but you will receive
401k matching up to 15%. There will be roughly 20% travel (within driving
distance) and full medical benefits.
Do you accept the offer? Decline? Negotiate? Why or why not?
35. Resources
Evaluating a Job Offer, UD Society of Women Engineers & Mary Yin &
Bryanne Grainger of DuPont
Evaluating & Negotiating a Job Offer, School of Management, Boston
University
Career Center, University of South Carolina
Interviewpenguin.com
UGA Career Center http://career.uga.edu/multimedia/AfterAthens2013.pdf
www.iwillteachyoutoberich.com
36. UGA Career Center
To make an appointment, call 706-542-3375
Walk-In Hours: M-F 12PM-2PM
www.career.uga.edu
2nd Floor, Clark Howell Hall, Athens, GA 30602