You’ve spent hours researching a company, applied for a position, and practiced for the interview. When it comes time to talk about a firm job offer, the most nerve-wrecking part can be discussing compensation. But we’re here to help you feel prepared and confident.
Do Your Research
Spend time figuring out the average salary range for similar positions. Look online for statistics and ask around. Keep in mind that organization size, type, and location can make a big difference.
Look at the Whole Picture
Be flexible and holistic when considering an offer. It’s not wise to make your decision based on the salary or hourly rate alone.
Here are some other factors to consider:
- the company’s promotion and pay raise process
- vacation time
- stock options
- retirement plans
- benefits and other perks
Have a firm grasp on the things that make you a valuable employee and use that information as leverage when discussing your pay rate. Make it a priority to discuss your skills, experience, and what you bring to the table before discussing numbers.
As strange as it may feel, spend some time practicing negotiation with a family member or friend. It will help organize your thoughts and practice clearly articulating what you would say to persuade a hiring manage to increase their offer.
While talking pay and negotiation can seem intimidating, it’s a normal part of the employment process. Keeping these things in mind can help you have a successful conversation and more favorable outcome.