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How not to bomb your offer negotiation
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Your Final Decision
While making your final decision, keep in mind that:
- You are clear about your deadline for signing the job offer.
- Assert your deadline continually.
- U...
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Companies Love Negotiating
Companies like you to submit early in the negotiation and be done with it, so it's best not to fall in their traps and pressure tactics.
Respectfully moving forward, showing transparency and...
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Not Just About Money
- There are various dimensions in a job to be motivated by, not just what you get paid. Your training period, kind of work, kind of team, and the other things you value, like work-life balance, ...
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Ask For More: Asserting Your Value
Simply asking for more may be a put off for recruiters, but providing an unobjectionable and sympathetic reason is a good strategy.
Example: I want to buy my own house within the next year, ...
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Giving the First Figure
A prospective employee can refrain at first and talk about being a good mutual fit and being able to learn, rather than mere figures.
If pushed towards a number, you can quote the average in...
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Ok To Negotiate
Recruiters spend thousands of dollars on the recruiting process, and won't reject your profile or take away anything from you if you negotiate. They have already invested time, cost, and energy tha...
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Have An Alternative
Having an alternative, a second job offer with you makes your negotiation game stronger, as the employer knows that you can simply walk away. Having the offer from a prestigious company also streng...
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A Personal Touch
A job negotiation is preferable in person or on the phone, as compared to the impersonal and cold feel of the email.
Talking on the phone provides you with an opportunity to build a connecti...
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A Good Negotiator
Negotiating doesn't mean arguing, being stubborn or creating a scene. The best negotiators are empathetic and collaborative, pursuing a mutually fulfilling solution. A good negotiator ca...
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SIMILAR ARTICLES & IDEAS:
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Key Ideas
BATNA
Refers to your “best alternative to a negotiated agreement,” or the best outcome you can expect if you fail to reach agreement at the bargaining table with your counterpart.
An evaluation of your BATNA is critical if you are to establish the threshold at which you will reject an offer.
Effective negotiators determine their BATNAs before talks begin.
Negotiate the process
Carefully negotiate how you will negotiate in advance. Discussing procedural issues will clear the way for much more focused talks.
Don’t assume you’re all on the same page when it comes to determining when to meet, who should be present, what your agenda will be, and so on.
Building rapport
You and your counterpart may be more collaborative and likely to reach an agreement if you spend even just a few minutes trying to get to know each other.
If you’re negotiating over email, even a brief introductory phone call may make a difference. This is one of the most valuable negotiation skills to master.
Shift your mindset about the job offer
Think about the offer in terms of your development, quality of life, and the variety of the work you want to do. Think about the trade-offs you are going to make.
When an employer extends a job offer to you, he has psychologically committed to you. You have more leverage to shape your job description and improve your salary and benefits package immediately after you are made an offer than in your first two years of employment.
Commitment and enthusiasm
The purpose of the interview is to get the offer. The next stage is about considering the offer, then negotiating with your new employer.
Employers need to feel that you are committed. Continue to be enthusiastic in your dealings with your prospective manager so you don't sound uncertain that you want the job.
Metrics for assessing a job offer
Think about what is important in your professional and private life, then assess the offer against these metrics.
- Salary. Even when the money is enough, you need to figure out if it's worthy of your knowledge and skills and in line with the local market.
- Job content. Consider whether you will derive job satisfaction from the offer. To answer this question, you need to know the kinds of activities you want to be involved in and the skills you want to use. You will need a deep understanding of what's expected of you to decide whether you do indeed want the job.
- Cultural fit. Ask yourself if it is a place where you will be happy, challenged, and where you will thrive. It might make sense to do a trial run to see what your colleagues are like.
- Flexibility, vacation, and other perks. Flexible hours and vacation time are an increasingly valuable perk. During the evaluation stage, it's important to find out whether current employees are afforded such benefits.
- Other options. Also assess your walk-away alternatives. Think about the offer in terms of the cost and benefit of starting the job search process over again, of staying in your current job, or of first seeing what other offers materialize.
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Successful Negotiation
The most successful negotiators don't entertain dirty tricks in negotiation but instead strive to reach agreements that are satisfactory to both parties.
But if you find yourself on the receiving end of something that doesn't feel quite right, provided you recognise what's happening, you can address the situation and swiftly bring it back to a better place.
Jet Lag
Used on negotiators who travel long distances: to start meetings while the negotiator's concentration is impeded due to jet lag or fatigue. Jet lag seriously impairs judgement.
Tip for the negotiator: Travel early and leave time for recuperation before meeting the other party. Where you suspect your hosts like to be hospitable, keep news of your early arrival quiet.
It's different over here
A dirty trick often used against people visiting other cultures.
The approach of "but we always do it this way over here" can be difficult to counter if you're not prepared for it.
Tip for the negotiator: If you suspect this approach in advance, have with you a local expert who knows the customs.