Wednesday, December 25, 2019
Salary negotiation tips Making the right decision on your bottom-line number
Salary negotiation tips Making the right decision on your bottom-line numberSalary negotiation tips Making the right decision on your bottom-line numberApply these 6 criteria to help you decide when the best alternative to a negotiated agreement isnt good enough.Editors note Salary expert Jack Chapman and Ladders want to help you negotiate the best deal you can. You can e-mail us your salary negotiation questions or situations or use salaryQ to submit them via Twitter. Due to the volume of inquiries, we may not be able to respond to all questions submitted. Our inaugural question addresses how to decide if an offer is right for you.Q What if a job offer has been made, and after a thorough and exhaustive negotiation, the maximum the employer can offer (salary positiv future raise potential) is still less than your bottom-line (no-go) number? What is the checklist or thought process you should go through to make the right decision?A The whole reason to have a no-go number is to avoid d oing a checklist after an offer. The point of a no-go number you have an actual number, and also the best alternative to a negotiated agreement (BATNA). If you dont hit your salary goal, you agree to part ways. You say, Im really sorry we werent able to make it work but Im going to have to look at an alternative.Below are 6 different things to consider when calculating your no-go number. Your number might be a blend of these elementsSatisfactionWould the level of challenge be correct in the job and youre doing work that would feel good to do it? Is it at a level thats neither over your head nor boring?Growth in Responsibility You may not want more, but is it an option? A high school teacher may not aspire to being department chairman. Not everyone has to have a way up, but some people do.Growth in Skill LevelDoes it allow you to get better at what youre doing through training and development.Company Environment/PhilosophyHow well do you fit with the management styleLocationDo you ne ed to relocate, or commute a long way?CompensationConsider the various elements that go into it, both short- and long-term, to be sure you have considered all aspects.
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