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Salary Negotiations
Presented by Bill Harris
June 26th 2013
1
Salary Negotiations
2
The joy of an offer
Comfort level in negotiations
Salary Negotiations
Basics of Negotiating
 YOU ARE SELLING YOURSELF—SO, BE PREPARED-
 Be prepared! Know the company, your goals and
what you can do for them.
 Know all you can about the salary range for this and
similar positions in the same geographic area
 Know all you can about the business/company and
what their needs are
 Know your accomplishments and what you can do for
the company!
3
ALL NEGOTIATION IS INTEREST BASED
 During the negotiation you need to focus
upon both your interests and those of the
employer.
 What are the interest each party has in the
negotiation?
 Where do those interests intersect?
 How can you narrow the distance between
your interests and those of the employer to
find a common ground?
4
5
―Salary History Required‖
HUMAN
RESOURCES
“Gimme a figure
or get lost.”
Pre-Interview Gate Keepers
Pre-Interview Gate Keepers
6
Pre-Interview Gate Keepers
7
8
―Salary History Required‖
 Don’t submit one unless you have to.
 Why do they want one up front?
 To screen you out
 To assess your level of ability
 The decision will be made on dollars, not ability
 You will give a history on the job
application, and many time this has to be
submitted prior to the interview.
Before you begin
 Do your research
 What Position are you applying for?
 What Region are you looking in?
 The following are on-line sources of this
information:
 Salary.com
 Payscale.com
 Glassdoor.com
9
Before you begin
Research the position & location
10
Before you begin
11
Before you begin
12
Let’s look at Salary.com
13
14
15
16
17
18
Edit & Save
The Phone Interview
Be prepared to address salary expectations
19
The Phone Interview
(before the physical interview)
20
Prepare for Gatekeepers Questions:
•―What were you making in your last job?‖
•―What was your starting pay package?‖
•―What was your bonus compensation?‖
The Phone Interview
(before the physical interview)
The Answers
 Avoid (if possible) answering salary questions
directly
 State: ―I will be happy to discuss with you my
previous employment compensation but can I
first get an idea from you what have you
budgeted for this position?‖
 ―As part of the compensation package
(budget) what is included?‖
Bonus, Commissions, Insurance 21
The Physical Interview
22
“
23
 Avoid giving salary history if you can.
 ―The responsibilities at this job differ from my
past jobs.‖
 ―My salary requirements depend on the
details of the complete offer and benefits.‖
 ―A discussion as to future salary will be more
useful than any past salary history, and we
should defer it until we are both considering
an employment relationship.‖
At the Interview
24
 Never be the first to establish the ―price.‖
Respond with:
 ―What is the salary range?‖
 ―I am open to a competitive package in
today’s job market.‖
 ―It depends on the amount of responsibility
and benefit package.‖
 If they insist, give them a range--a wide
range.
At the Interview
At the Interview
 ―State your salary needs.‖
 ―Never apologize – it’s a sign of weakness‖
 Give a REASONABLE range
 The low should be slightly above your minimum
 The high should not be excessive
 Let them know the final figure is negotiable and
dependent on the total package.
 Discuss in a follow-up letter, if you want to clarify
25
26
In My Research….
(Save in Word or a PDF and print)
27
In My Research….
 ―My research tells me that the range should be
$……… to $……..‖
 ―Let me share with you Salary.com has a study
of <<<insert>>> and $….. is the competitive
mid-point.‖
 ―With my 10+ years of experience as a
<<<insert>>> and my knowledge of your
products/ services - I should be just above mid-
range.‖
At the Interview
You want to get to the Happy Place:
 There should be give & take during the
negotiation
 Always ask for the order. ―If we have covered
everything when would be a good start date.‖
28
Questions & Comments
 For a copy of this presentation please
email a request to:
Bill Harris
wm1harris@yahoo.com
(310) 748-3827
Thank You
29

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OPEN - Salary History Presentation - Bill Harris - 6-26-13

  • 1. Salary Negotiations Presented by Bill Harris June 26th 2013 1
  • 2. Salary Negotiations 2 The joy of an offer Comfort level in negotiations
  • 3. Salary Negotiations Basics of Negotiating  YOU ARE SELLING YOURSELF—SO, BE PREPARED-  Be prepared! Know the company, your goals and what you can do for them.  Know all you can about the salary range for this and similar positions in the same geographic area  Know all you can about the business/company and what their needs are  Know your accomplishments and what you can do for the company! 3
  • 4. ALL NEGOTIATION IS INTEREST BASED  During the negotiation you need to focus upon both your interests and those of the employer.  What are the interest each party has in the negotiation?  Where do those interests intersect?  How can you narrow the distance between your interests and those of the employer to find a common ground? 4
  • 5. 5 ―Salary History Required‖ HUMAN RESOURCES “Gimme a figure or get lost.” Pre-Interview Gate Keepers
  • 8. 8 ―Salary History Required‖  Don’t submit one unless you have to.  Why do they want one up front?  To screen you out  To assess your level of ability  The decision will be made on dollars, not ability  You will give a history on the job application, and many time this has to be submitted prior to the interview.
  • 9. Before you begin  Do your research  What Position are you applying for?  What Region are you looking in?  The following are on-line sources of this information:  Salary.com  Payscale.com  Glassdoor.com 9
  • 10. Before you begin Research the position & location 10
  • 13. Let’s look at Salary.com 13
  • 14. 14
  • 15. 15
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  • 19. The Phone Interview Be prepared to address salary expectations 19
  • 20. The Phone Interview (before the physical interview) 20 Prepare for Gatekeepers Questions: •―What were you making in your last job?‖ •―What was your starting pay package?‖ •―What was your bonus compensation?‖
  • 21. The Phone Interview (before the physical interview) The Answers  Avoid (if possible) answering salary questions directly  State: ―I will be happy to discuss with you my previous employment compensation but can I first get an idea from you what have you budgeted for this position?‖  ―As part of the compensation package (budget) what is included?‖ Bonus, Commissions, Insurance 21
  • 23. 23  Avoid giving salary history if you can.  ―The responsibilities at this job differ from my past jobs.‖  ―My salary requirements depend on the details of the complete offer and benefits.‖  ―A discussion as to future salary will be more useful than any past salary history, and we should defer it until we are both considering an employment relationship.‖ At the Interview
  • 24. 24  Never be the first to establish the ―price.‖ Respond with:  ―What is the salary range?‖  ―I am open to a competitive package in today’s job market.‖  ―It depends on the amount of responsibility and benefit package.‖  If they insist, give them a range--a wide range. At the Interview
  • 25. At the Interview  ―State your salary needs.‖  ―Never apologize – it’s a sign of weakness‖  Give a REASONABLE range  The low should be slightly above your minimum  The high should not be excessive  Let them know the final figure is negotiable and dependent on the total package.  Discuss in a follow-up letter, if you want to clarify 25
  • 26. 26 In My Research…. (Save in Word or a PDF and print)
  • 27. 27 In My Research….  ―My research tells me that the range should be $……… to $……..‖  ―Let me share with you Salary.com has a study of <<<insert>>> and $….. is the competitive mid-point.‖  ―With my 10+ years of experience as a <<<insert>>> and my knowledge of your products/ services - I should be just above mid- range.‖
  • 28. At the Interview You want to get to the Happy Place:  There should be give & take during the negotiation  Always ask for the order. ―If we have covered everything when would be a good start date.‖ 28
  • 29. Questions & Comments  For a copy of this presentation please email a request to: Bill Harris wm1harris@yahoo.com (310) 748-3827 Thank You 29