Tips to Play and Win the Salary Negotiation Game

Rumor has it you’re interviewing for a new job. (Don’t worry. I won’t tell anyone.) But there are a couple of things you should know about how to snag the highest salary possible:

1. Never talk money until you have a firm job offer. Make them desire you as much as possible before you ask for those big bucks. If you talk money too soon, you might accidentally price yourself out of a job. Love and desperation for you will make that cash flow a lot more flowing!

2. Put the salary ball in their court. Let the employer bring up money first—then ask, “ What kind of salary range are you working with?” or “What is a typical salary for this position?”

3. If possible, avoid revealing your past salary. You’ll force the employer to make their juiciest offer. If you must spill, then spill in an “overabundant” way.

4. Prep about the company’s salary limits—and your own. Before the interview, research the company’s salary range by asking around. Plus, have your own salary range and limits already in mind.

5. Show and sell. Be ready to document your skills and accomplishments at making money. Be as detailed as you can about how your unique skill sets that offer a company higher profitability.

6. Don’t forget the value of a la carte benefits. You can add up to 40 percent to your basic salary by negotiating various job perks such as health benefits, dental plans, training programs, promised bonuses, improved stock options, employee discounts, parental leaves of absence, and added vacation time.

7 readers liked this story.
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01.07.2010
Bruce Katlin
Great piece. Because the employed has the power right now in the current economic situation, they are playing hard ball trying to get interviewees to commit to a salary range. I had one client who spent a month going back and forth with an HR rep over salary. Correctly so, my client did not want to discuss salary until he at least spoke with the hiring manager about the job details. Never-the-less the company would not take net steps on speaking with my client. Too bad, they lost out on an excellent candidate. The other potential interview crusher is the "Tell me your weaknesses" question. I've always answered, "I know that you will be paying me for my strengths and I have all the skills, knowledge and experience to do this job extremely well. So, I have no weakness regarding this position."
There's nothing I dislike more than having a prospective employer ask me, "What are your salary requirements?" in the first interview. It's so inappropriate. I always try to follow this article's advice and ask what the range is first.
I agree with Rebecca, it seems very unprofessional to put your desired salary on the cover letter.
Great advice! Salary discussions are the worst.
I agree, whenever employers ask for salary requirements in a cover letter, I pretty much write them off. Who wants to work for a company that's so focused on saving money and not focused on finding the best talent?
It feels good to write.

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