Let’s be real, most of us work-to-live, not live-to-work. Our jobs are a means of gaining access to basic and not so basic necessities, such as food, clothes, and shelter. And, depending on how high maintenance of an individual you are, you can add fine dining, a fabulous crib, shiny wheels (that would be a high-end automobile), yearly trips to tropical destinations, spa visits…the list could go on and on. So, the first thing that comes to mind when considering a job, for most, is how much it pays. I’ve had several friends who have received calls from prospective employers and the first question out of their mouth was, “What’s the salary?” This is a fatal flaw that all job seekers should avoid. What job seekers don’t realize is that when you ask that question, you prematurely start salary negotiations. And, negotiations should never take place until you’ve clearly communicated your value to the organization and have a thorough understanding of the position and what the market pays for the position. That’s how you get the best deal!
Talking salary too early in the interviewing process can be risky business. If your salary requirements are too high, prospective employers may pass on your candidacy for the position. You haven’t proven to anybody that you’re worth the high sticker price. If your requirements are too low, you may kick yourself later when you realize that your salary is not all that competitive with the market. The last thing that you want to be is a cheap buy. And, guess what – once you’ve accepted that salary and join the company, you can look forward to 2-3% yearly salary increases…so, you always want to make sure that you got the best deal coming in the door. It’s best to talk about salary once the offer is given because, at that point, the ball is in your court. You’ve successfully communicated your value…and they want you! The company has narrowed down their decision to you, which gives you leverage and bargaining power. Now you can say, “Show me the money!”
So, what’s the best approach for being a salary superstar? Well, before the interview, you should conduct some basic salary research to determine how much the job, and you, are worth. A great salary research resource is Salary.com. There are several ways to answer the salary requirement question. One approach is to say, “Salary is certainly negotiable. I look at salary as one part of the total compensation package. So, I wouldn’t want to give a number without more knowledge on the position and overall compensation package. I would, however, expect a fair and equitable package.” If they still push you for a number – and most companies will – you can give them a range based on the salary research that you conducted prior to your interview. Even though you’ve given the recruiter a range, you still have the ability to negotiate based on the fact that you have communicated your need to gain more information on the position and the total compensation package. Remember, nothing is set in stone until you say, “I accept your offer.”
This is excellent advice. I use Salary.com all the time and find it a great resource.
Thanks so much Kourtni! I absolutely love Salary.com! Nice to hear that you do too!
Yes, this is very informative and useful in this economy. Great blog! You’ve got a repeat customer here.
Thanks so much Kyra! Glad that you enjoyed my post! Look forward to seeing you here again!
Please consider a post how to negotiate a raise/promotion. That would be sooo helpful. If you already have such a post, just point me in that direction. Thanks!
Hi Miko! Yes, I am planning to cover raises and promotions in the future! Thanks for suggesting! And, if there are any other topics that you would like to hear about, please do not hesitate to let me know!
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I had a habit of bringing up salary midway through the interview which always caused the rest of the interview to be relatively awkward and rarely was the outcome what I wanted. This is a really informative article. Few people realize in a way learning and maintaining good job seeking skills is a job in itself.
Thank you for sharing your experience! Experience is certainly a great teacher. Thanks for visiting!
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Thank you so much for the wonderful compliment! Please do come back and visit soon!
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[…] the lower salary (even though they were willing to pay much more). So, it’s always best that you delay salary discussions until the very end of the recruitment process when a company has decided that you’re the best […]
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