Monday, January 9, 2012

How to Negotiate Salary Raises at a New Job




The economists were finally beginning to talk about how the recovery was picking up steam when suddenly, the credit rating crisis came around and now, they're talking about a fresh recession all over again. It looks like the first signs of life in the job market that were beginning to show are already ready to roll over and die. Needless to say, employers believe that if they offer you a job, you don't really need much more to be happy. In other words, they don't expect you to ask for anything more than they offer you. But there are ways you can learn how to negotiate salary increases with that job offer. Even today.





The first thing you want to recognize about today's job market is that if you're offered a great job, you don't want to reject it just because the pay isn't all you expected it to be. You could always accept the job and then work with those figures. You just need to learn how to negotiate salary talks.





Certainly, they aren't going to be all that happy about discussing paying you more money – seeing as how that would be difficult for them to explain to their other employees. You have to realize that the hiring decision these days isn't taken lightly. If they are actually taking the trouble to hire someone in a recession like this, they really, really want you. With that boosting your confidence, you can tell them that you realize that they need you just as much as you need them, and what can they bring to the table to sweeten the pot – in terms of better perks. Can they offer you dental, better health insurance, more days off, expense reimbursement or anything?





Learning how to negotiate salary increases in today's environment is all about expanding the offer around the fringes. For instance, how about asking for a signing bonus – in actual cash? Often, you can get thousands of dollars. You can tell them that since you are accepting a lower package than you wanted, they really do owe it to you to give you better present.





You could also ask for a performance bonus – particularly if you happen to work on a sales quota or have actual targets that you can meet. You could also ask to be compensated in stock options. Companies particularly like this kind of request – it shows them that you believe the company. Sometimes, learning how to negotiate salary packages is all about learning to put your request in other words. What is it that you want your extra salary for – perhaps to be able to afford a vacation or to buy a fancy car? How about asking for that directly at the company? Creative salary interpretations often go over well these days.


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