Employees who negotiate their salary earn $1 million more over their career than those who don't.
But only 34% do this.
How to negotiate your income like a pro:
But only 34% do this.
How to negotiate your income like a pro:
The steps to negotiate w/ a new employer:
1. Data and research.
2. Know your worth.
3. Know your number.
4. Get in the right mindset.
5. Let the employer make the first offer.
6. Follow a script.
7. Know your options.
8. Consider other forms of compensation.
Let's get into it:
1. Data and research.
2. Know your worth.
3. Know your number.
4. Get in the right mindset.
5. Let the employer make the first offer.
6. Follow a script.
7. Know your options.
8. Consider other forms of compensation.
Let's get into it:
/ Prepare /
Never go into a negotiation uninformed.
Use Glassdoor to find the income range for your position.
Network with people in your industry who are 2 steps ahead of you.
But don’t ask “How much do you make?”
Ask, "How much would you expect this role to make?"
Never go into a negotiation uninformed.
Use Glassdoor to find the income range for your position.
Network with people in your industry who are 2 steps ahead of you.
But don’t ask “How much do you make?”
Ask, "How much would you expect this role to make?"
/ Know your worth /
Using Glassdoor, dig deeper into the income range for your role with filters related to your:
• Years of experience.
• Education.
• Location.
Factor in unique skills you have that could translate into value for the company.
Using Glassdoor, dig deeper into the income range for your role with filters related to your:
• Years of experience.
• Education.
• Location.
Factor in unique skills you have that could translate into value for the company.
/ Know two numbers /
Know the lowest salary you would accept and your ideal salary.
When it's your turn to counter their offer, give them a range with your ideal income at the bottom of the range.
So if you'd like to make $80k, use $80-90k as your counter-offer.
Know the lowest salary you would accept and your ideal salary.
When it's your turn to counter their offer, give them a range with your ideal income at the bottom of the range.
So if you'd like to make $80k, use $80-90k as your counter-offer.
/ Get in the right mindset /
You’re not going into battle. You’re going into a collaboration.
Both parties should walk away feeling like they’ve won.
But don’t be afraid of appearing greedy.
The right employer will respect you for vouching for yourself.
You’re not going into battle. You’re going into a collaboration.
Both parties should walk away feeling like they’ve won.
But don’t be afraid of appearing greedy.
The right employer will respect you for vouching for yourself.
/ Let them start /
If the employer asks what you currently make, deflect by asking a question about the role.
(Some states don't allow an employer to ask this)
But always let the employer start the negotiation.
Then you can counter with your prepared income range.
If the employer asks what you currently make, deflect by asking a question about the role.
(Some states don't allow an employer to ask this)
But always let the employer start the negotiation.
Then you can counter with your prepared income range.
/ Follow a script /
After they make their offer, be sure to:
1. Thank them and show your excitement in working for them.
2. Respond with your prepared income range.
3. Tell them you want to work together to find a number.
Practice this script beforehand to eliminate anxiety.
After they make their offer, be sure to:
1. Thank them and show your excitement in working for them.
2. Respond with your prepared income range.
3. Tell them you want to work together to find a number.
Practice this script beforehand to eliminate anxiety.
/ Know your options /
Remember you are interviewing them as a potential employer just like they’re interviewing you.
With any negotiation, you always have 3 options:
1. Accept the offer.
2. Counter.
3. Walk away.
Mentally prepare yourself for any of the three to happen.
Remember you are interviewing them as a potential employer just like they’re interviewing you.
With any negotiation, you always have 3 options:
1. Accept the offer.
2. Counter.
3. Walk away.
Mentally prepare yourself for any of the three to happen.
/ Consider other forms of compensation. /
Salary is only one part of the equation.
Be sure to also negotiate:
• Paid time off
• Bonuses
• Stock options
• Remote work option
Prioritize the form of payment that is most important to you.
Salary is only one part of the equation.
Be sure to also negotiate:
• Paid time off
• Bonuses
• Stock options
• Remote work option
Prioritize the form of payment that is most important to you.
TL; DR
1. Data and research.
2. Know your worth.
3. Know your number.
4. Get in the right mindset.
5. Let the employer make the first offer.
6. Follow a script.
7. Know your options.
8. Consider other forms of compensation.
1. Data and research.
2. Know your worth.
3. Know your number.
4. Get in the right mindset.
5. Let the employer make the first offer.
6. Follow a script.
7. Know your options.
8. Consider other forms of compensation.
That's a wrap!
If you enjoyed this thread:
1. Follow me @camp_wealth if you are interested in financial freedom and wealth-building tips.
2. RT the tweet below to share 👇
If you enjoyed this thread:
1. Follow me @camp_wealth if you are interested in financial freedom and wealth-building tips.
2. RT the tweet below to share 👇
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