Accept
the Position That Is Right For You
Exercise 1: Determine your best offer
Congratulations, you made it to the most exciting phase of the job
search. Now that you have a job offer, it’s time to negotiate
successfully. You and the employer both have something at stake during the
negotiation phase. Agreeing upon a win-win offer will benefit you both
with a long-lasting, productive relationship.
There are two phases of an interview: first you sell them, then they sell.
Watch carefully when you discuss salary. Early in the interview you want
to focus on the company’s needs and your value to them, otherwise you’ll
get the “going rate”. When the pathway is clear, in other words, when
you know they want you, then numbers can come in to play. Let the employer
talk first!
Remember these tips when
negotiating a job offer
- As a result of your networking interviews, you uncovered
information about the company’s compensation package
(salary, benefits, bonus and profit sharing programs). While
this is good information to have handy, it does not
necessarily reflect the salary you will be offered. Remember
your goal during the interview process: sell the employer on
your value to their organization. The more valuable you are to
an employer, the more they will be willing to compensate you.
- Avoid salary discussions until you receive a job offer. Don’t
forget, whoever talks salary first loses; therefore, try not
to disclose salary information.
- If salary comes up early in the interview, before they start
selling you on the company, say something like, “I’d
like to come back to that after I have a better understanding
of your needs and how my skills can benefit the company.”
- If you are specifically asked for your current salary, use
the reversal technique and say something like, “My
present salary is based on different job responsibilities. I
would prefer to fit in with your structure. What salary range
did you have in mind?”
- If you are asked what salary you are looking for, take this
opportunity to reiterate the value you would bring to the
organization, focusing on position requirements and your
ability to meet the employer’s needs. Say something like,
“I’m sure you will make a fair offer based on my
strengths and the value I can add to your organization such as
(highlight one of your key strengths).” OR “I really
hadn’t given it much thought yet. At this point, I am
interested in learning more about the responsibilities of the
position and would prefer to fit into your structure. What
salary range did you have in mind?”
- If there is no way to avoid stating a salary range,
refer back to compensation information you uncovered during
your information interviews and reply, "I believe an
appropriate range would be (dollar amount = salary + benefits)
to (dollar amount)" stating a realistic salary range
for yourself. Do not undersell yourself – shoot for the high
end of the range you uncovered. Realize that by giving a
number, you may disqualify yourself or leave money on the
table. To get an idea of salary ranges for various job titles,
see some comparative salary information
we've compiled for you.
- If a verbal offer is made, do not agree at that time. A
simple “I see” response followed by expressing
appreciation for the offer and asking for time to consider the
offer is all you need to say. Then stop talking. A
period of silence is a good thing. In fact, it may work to
your advantage as employers often make offers based on the
lower end of a salary range. Your silence may prompt the
employer to counteroffer.
- Get the offer in writing (salary, benefits, vacation, bonus
programs, etc.) prior to negotiating. If the employer
gives you the offer verbally, send a note to the decision
maker recapping the terms of the offer as you understand it.
Use this opportunity to reinforce your strengths and your
value to the company.
- Offer to call back in a week or so to see how the decision
process is going. Try to maintain a helpful demeanor and not
an anxious or demanding one.
- Never accept an offer on the spot. It is
reasonable to consider an offer for at least two to three
days. This allows you time to evaluate the offer based on the
criteria you decided was most important to you. It also allows
the employer to reconsider, renegotiate and increase your
offer.
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Having trouble deciding which job offer suits you best? Return to the Decision
Matrix for help.
Continue
to exercise 2: Respond to a Job Offer