Mistakes to avoid - Deepstash

Mistakes to avoid

  • You break the silence too soon. Employers use silence as a negotiating tool. Instead of backpedalling, use the silence in your favour.
  • You ask for a salary that reflects your lifestyle, not facts. Most employers work within salary guidelines set by the company for entry-level positions, not by your lifestyle expenses.
  • You accept a low salary without negotiating.  if you do that, you’ll likely be underpaid as long as you stay at that company. 
  • You think of salary negotiation as a take-it-or-leave-it scenario. You could ask for a review and salary adjustment based on your performance.

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How to Amp Up Your Earning Potential

How to Amp Up Your Earning Potential

  • When negotiating a salary, get the company to name figures first, otherwise you can’t know if you’re lowballing or highballing. 
  • Try to negotiate more than just your salary. Work hours, official title, parental leave, vacation time, and which projects you’ll work on cou...

The perfect time to ask

  • If your performance review is coming up, plan to raise the topic after receiving favorable feedback.
  • If you don't have a performance review on the horizon, you could schedule a salary discussion a few months before the yearly budget is set.

Applying The Benjamin Franklin Effect

Ask for help when you need it, but not too often. 

If you reach a roadblock during a negotiation, ask the investor or negotiating party for a favor and give them a reason to come back to you. This will help you reopen the discussion, and give them a perceived sense of power yo...

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