Thursday, December 26, 2019

How to Negotiate a Higher Salary After a Job Offer

How to Negotiate a Higher Salary After a Job OfferHow to Negotiate a Higher Salary After a Job OfferYou try your best to establish your skill set, high work standards, and ideal salary range in an vorstellungsgesprch. Then, you still get a written salary offer that is lower than expected for the engineering job you had interviewed for.Asking for a higher salary feels stressful, but most employers expect you to negotiate at least a little. They know that their first offer isnt at the top of their budget. They know they can afford to pay you more, but it would be crazy to give you their highest salary offer right off the bat.Here are 3 techniques you can use to successfully negotiate your ideal salary amount, even after youve already received a written and signed employment offer letter.1. Validate your salary expectationsBack up your ideal salary amount with data from services such asGlassdoor. There are many online resources available that can help you show employers you are worth mo re than they are offering.You can simply do this by comparing industry averages and standards.Also, remember its always best to make a phone call instead of writing an email to schedule a time to talk about the official offer letters. Its an opportunity to ask questions about why a lower salary was offered.You might be given a legitimate reason as to why you arent worth that higher salary right now. However, you will hear details on how you can achieve that higher salary by participating in special projects or assignments.2. Go the extra mile with a 30-60-90 PlanOnce youve scheduled a meeting to discuss your compensation, be prepared to present a 30-60-90 plan. This is a written plan for your first 90 days on the job, typically with a separate section or entire new page for each 30-day period.Research the organization and position, thoroughly. You need to do this to successfully tailor the 30-60-90 plan to your employers needs.Make sure to include in your plan the time spent trainin g, learning the companys systems, and meeting key employees. After day 90, you can include adding new strategies and offer feedback on existing company processes.I recommend job seekers ask detailed questions and take detailed notes during each interview stage. Whether it be on the phone or face to face, gathering information and data is helpful and can later be used to build your 30-60-90 Plan.3. How to use the PSI Framework to prove your worthPSI is an acronym for Problem, Solution, Impact. Use this PSI model to prove your worth to a potential employer during salary negotiations.Identify the 1 problem you are able to solve while at the company.This could be something with the development of a product, a company process, or a technological conundrum that your experience will help solve.Highlight the solution you offer with accurate detailsMake sure to share the impact that solution will have on the projects outcome or the companys bottom line. The impact should relate to something important and measurable to the company.This impact could be used to increase sales number or revenue, speed up a process to achieve results quickly, or increase a products final quality, or improve customer satisfaction and loyalty.During the interview process find out how your performance will be measured so that you can use those facts and figure when the time comes to ask for higher compensation.Try these tips after your next salary offerTrying these tips will lead you to the engineering salary you want based on your hard work, knowledge, and experience.And remember that in life and career, we often dont get what we deserve, we get what we successfully negotiate.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.