Compensation - Deepstash

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Compensation

Compensation

With compensation, it is especially important to know what the other party is thinking before asking for something specific.

Knowing how your company makes compensation decisions and what your boss values are important pieces of information before you ask for anything specific in a compensation discussion.

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Be Dispassionate

Be Dispassionate

The best negotiators are dispassionate, and continue to ask for information. 

 Emotion destroys negotiations and limits creativity. Focus is lost. Decision-making is poor. Retaliation often occurs. 

Your goal is not to be “right;” it’s to get the outcome you desire. Leave the emotions...

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343 reads

The Power Of Standards

The Power Of Standards

Standards are especially effective with hard bargainers. 

With difficult people, use standards. It is a fundamental tenet of human psychology that people hate to contradict themselves.

So if you give people a choice between being consistent with their standards—with ...

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383 reads

Understanding The Other Person

Understanding The Other Person

What is the other person feeling? How do they perceive the situation? What are the pictures in their heads?”

 Thinking from the other person’s point of view often turns up surprising results. 

Your outcomes will be improved once you start thinking from the other perso...

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592 reads

Value the Other Person

Value the Other Person

A key to getting other people to give you what you want is to value the other party.

People like to give things to others who listen to them, who value them, who consult with them.

Listen to and value the other party. It will improve your outcomes.

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Negotiation: A Primer

Negotiation: A Primer

Negotiation is at the heart of human interaction. Negotiation is not a battle. It’s a process of better relating to people in all kinds of circumstances.

Common enemies bring parties closer together and make the negotiation easier.

Some legitimate common enemies in business relationsh...

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The Intangibles

The Intangibles

In much of business, money is not the most important item of importance to either side, regardless of what they say. The price has to be reasonable, but so much more is required. Intangibles can bridge the gap between seemingly inflexible positions. 

It’s rarely just about maximizing the mo...

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324 reads

Persistence

Persistence

With persistence comes self-confidence: the belief that you can do it.

It doesn’t matter how many times the other person says no, or disagrees with you, or gives you a hard time. Keep asking, stay focused on your goals (without making yourself the issue). Persistence, after...

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918 reads

Frame and Be Incremental

Frame and Be Incremental

It is much more persuasive to let others make the decision, instead of telling them what the decision should be. You want to lead them to where you want them to go, through framing and by being incremental. 

 Framing and being incremental are two of the hardest things for people to learn. M...

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Misperception and Communication

Misperception and Communication

Perhaps the biggest cause of negotiation failure, worldwide, is communication failure. And the single biggest cause of communication failure is misperception.

This means that their perceptions are more important than your proposals; that is, if you want to persuade them.

Most communic...

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Emotions Have More Value Than Rationality

Emotions Have More Value Than Rationality

People do some of the most important things in life not for money, not for rational benefits, but for how it makes them feel.

As much as economists want us to believe that people are hyper-rational actors that consider all angles of every decision they make, they’re not. Most of the things ...

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766 reads

Don’t Interrupt Someone

Don’t Interrupt Someone

When someone is interrupted, the tapes are still playing in their head.

 It’s so easy to interrupt someone once you understand what they are saying or have your response ready to go. But it’s a terrible habit. Because once you interrupt someone, they aren’t listening to yo...

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Understanding The Fundamental Attribution Error

Understanding The Fundamental Attribution Error

 We all think that everyone else has the same thought processes, set of experiences, and perceptual framework that we do.

We all imagine that others think like we do. They don’t. We also attribute people’s behaviors to their identity instead of recognizing the importance of the spe...

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319 reads

The Power Of Relationships

The Power Of Relationships

'Do I trust this person? Before I put my life, and my family’s life, in their hands, without recourse, who are they?’

This is the question that is asked by most of the rest of the world. It is not a question that appears to be asked by most people in the United States. The United ...

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294 reads

Make Small Talk

Make Small Talk

You make small talk. Not just because you read somewhere that it’s smart to make small talk. You do it because you are interested in them. Because you want to try for a point of connection with other people. It’s a way of approaching life.”

Small talk helps open up and deepen connections. D...

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580 reads

Trust

Trust

Trust is a feeling of security that the other person will protect you. With some trust, another person will help you until it’s too risky for them or a better opportunity comes along. With a lot of trust, the other party will help you even if it harms them. It is very important to understand the ...

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When Arguing with A Friend

When Arguing with A Friend

Contextualize the argument, no matter how heated, with the following: “Hey, we’ve been friends for x years—over 1,000 or 2,000 days. Do you really want to toss everything out over one bad day?”

This will help put things in perspective and diffuse the issue.

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Don’t Say “Calm Down”

The more you tell them to calm down, the madder they get. That’s because telling them to calm down devalues the legitimacy of their emotions. And when people feel devalued, they become more emotional. 

Good negotiation requires valuing the other party and their needs. Telling someone to cal...

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Essential Question for All Job Applicants

Essential Question for All Job Applicants

Ask how the company retains, trains, and promotes people in their careers. Ask about the company’s philosophy of work? The answers to these questions will give you invaluable information about the culture of the organization and whether or not it’s a fit for your needs.

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Making An Exception

Making an exception requires the other person to candidly reflect on whether or not they have treated someone differently in the past, and often, they have. Once they realize this, it’s more likely that you’ll become one of the exceptions as well.

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CURATED FROM

CURATED BY

alexis_tt

"Making money is art and working is art and good business is the best art." ~ Andy Warhol

A fantastic introduction to negotiation and learning how to get more as a way of life.

MORE LIKE THIS

Defining who you are as a leader

Being able to comprehend who you are and what kind of leader you are is important to cover the three dimensions of making decisions.

To know who you are as a leader try asking yourself these:

  • Am I the leader I wanted to be before I acquired this position? What...

Never Ask For Someone’s ‘Opinion’

When you ask someone for their ‘advice,’ this puts the other person in a togetherness state of mind, which helps increase the other person’s desire to support whatever you’re asking them for advice on.

Asking for their opinion, on the other hand, puts the other person in an introspection s...

Closing A Difficult Conversation

  • As the conversation comes to a close take the time to reflect back on what you've discussed, the next steps to be taken, and if there's anything left each party wants to say to the other.
  • Remember to ask the most important thing before closing the conversation and that is "Wha...

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