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The Salary Negotiation Dance
Carole Martin | August 29, 2008

To perform the job interview salary negotiation dance, you must have a good sense of balance. Knowing your true value and worth will help you feel more confident about staying in step during the salary negotiation process. The employer takes the lead and you follow, staying with the rhythm. You move together through the interview process, aware of the other, taking care not to step on one another. The salary negotiation dance is never confrontational or harsh, but smooth and in harmony.

It Begins

It’s not uncommon for the first step to begin on the phone. The interviewer asks for your salary requirement, or what you currently make.

You take a step back and try to postpone this discussion until you have more information about the salary range and position:

“Could you tell me the range budgeted for this position?” Or, “What salary would you typically pay someone with my background and experience?”

Postponing the salary discussion is the best step for you, at least until you have the information needed. By doing research ahead of time, you’ll feel confident knowing your worth. (http://salary.monster.com). There is a point during the interview when the range, or your expectations, will be revealed, but it’s better to wait for the interviewer to lead and give out the information first.

The Offer

If the interviewing employer determines that you’re right for the job, they’ll take the lead and make an offer. It’s now your turn to move the salary negotiation dance to the next stage. But, first you must evaluate the package. Take the following into consideration:

• Base rate (always the top priority) – timing of annual job reviews
• Alternative compensation – bonus, commission, stock options, profit sharing
• Benefits – premiums for insurance, paid time off, matching, working conditions
• Other perks – car, education reimbursement, job training, laptop computer

Basic calculations will tell you how closely the offer meets your needs, values and worth.

The Salary Negotiation Tango

You call the hiring manager and tell her how delighted you are to receive the job offer. However, you have some questions and concerns. Scripting your dialog ahead of time will give you confidence to tell her exactly what you want.

You ask, “Based on my eight years experience in this industry, my MBA degree, and my proven ability to raise funds, and build teams, I feel that the base rate offered is low. Is there any flexibility here?”

In stride with you, the interviewer asks what you have in mind. And, because you have done your homework, and know your value and worth, you’re able to sell yourself based on what you will bring to the company. For example, you can tell the interviewer:

“Based on the research I have done, I feel someone with my experience and background should be in the upper level of the range we have been discussing.”

Hold your position …count to 10. Silence is a strong tool in salary negotiation. She waits through the silence and then tells you she’ll get back to you. She’s in sync with your movements — she wants you to take the job. You’ve presented your case well.

The Final Steps

Whether you’re negotiating for more money or for some other perks — benefits, a bonus or commission, more stock options, training or education — the rules remain the same. Let the interviewing employer lead and you follow, maintaining your own sense of balance.

The rhythm of the negotiation should be smooth, moving toward the final step – acceptance of the position and agreement – a win/win situation for all.


 

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Copyright 2012 Carole Martin. All opinions expressed in this article are the author's and do not necessarily reflect those of Military.com.

 
About Carole Martin

The Interview Coach, Carole Martin, is a celebrated author, job coach, and speaker on the subject of interviewing and recruiting. She is also a contributing writer at Monster.com and featured on talk radio. Carole is using her proven methods for coaching job seekers on competitive interviewing skills in technical and non-technical industries. You can download her free worksheet for determining your Values Exercise at the Interview Coach website. Follow The Interview Coach on Facebook, Twitter and Linkedin to learn about current workshops and seminars Carole is offering.