Negotiating Salary - Tips for negotiating salary (Actionable)
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- In this video, I will teach you 9 salary negotiation tactics on how to negotiate a higher salary for yourself, whether you’ve just received a new job offer or you are deep into a discussion during the interview process.
I go over salary negotiation techniques that simply put, work when it comes to negotiating a salary that is in line with your expectations. When it comes to salary negotiation, it doesn’t start at the offer but rather it starts during the interview process. Watch this video to learn how to master the task of negotiating a higher salary!
The 9 Major Tips on How to Negotiate a Higher Salary include:
Average professional moves 5-7 times in their career, you need to maximize it
Tip 1: Know their level of urgency - New role or replacement? How big is the team?
Tip 2: Quantify your impact! - demonstrate what you have done and the financial impact you have had!
Tip 3: Be informed! Check out www.salary.com and know what you should be making!
Tip 4: Whoever says the number first loses leverage.
Tip 5: Give a number, not a range - you will never get the top of your range!
Tip 6: Leverage vs timing. If you need a job you lose leverage
Tip 7: Make it clear you don’t need to leave. You have a job, you are happy.
Tip 8: Nail the interview! The better you do the more they will want you and the more they are likely to extend you an offer! Here is a video on things to avoid saying in your interview - 13 Things to Never Say in Your Interview!
Tip 9: Counter effectively! State your interest, make it reasonable, remove concern.
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I’m the first round we discussed salary because I’m currently in sales with base + commissions. But this company doesn’t do commission. They knew this and we briefly discussed salary range for this role. I’m kicking myself right now hoping I was clear with what I would need to accept. Hopefully, it all works out if an offer is made and I feel the need to counter. Thanks for sharing how to do this well! Such a relief.
I hope it all goes well Nick! Let me know what happens!
Tip 4: oh no I said it first. T.T But I gave a range from 14 to 16 mil. Then 4 days later they called and said congratulate and offer me a gross salary of 10mil with full health care
I plan to negotiate through email tomorrow with the fixed gross of 12 mil. Wish me success
(But honestley I wish I know this tip better. Like I know I should ask about the budget for this role but idk why at that moment I said it 😭😭)
I don’t know if you’ll go back to see this, but can you do a video on negotiating you’re salary and adding some of your signing bonus into your base salary
Hi! Have you watched this? - Negotiating Salary - Tips for negotiating salary (Actionable)
th-cam.com/video/pF9qu7Ck1b0/w-d-xo.html
This was very informative and the counter offer advice works.
Thanks Josh! If you do it right, it absolutely does!
Hi Ben! Could you please make a video on how to negotiate when we're currently unemployed? (In my case over 2 yrs due to health issues). Thank you ! 🙏
Absolutely! I will put it on my list! Might be able to do it this week still!
@@BenTalksTalent thank you so much! Appreciate it!
Hi Ben. first, thank you for this great content and advice.
My question is in regards to point 2, quantify your contribution. In my roles in the government, we deal with programs and portfolios with annual spends in the hundreds of millions and asset valuations in the billions. In these scenarios, even a 10% improvement could be measured in values that exceed annual revenue streams for some companies. How do you translate those types of numbers to something that would resonate with potential employers?
I'll definitely rewatch this one. But what's the significance of saying "money is not the biggest thing to me now"? For me it is! Although I also have the experience and education. Can I just leave that part out and say "commensurate with education/experience"?
You sure can. The reason I include that is that some hiring managers are turned off when candidates are money motivated. Not saying it’s fair but some just are. You can still negotiate though.
Hi Ben, I just received an offer that I think it is fair and I am very excited about it. Do you think it looks bad not to negociate? They offered me the higher number on the initially discussed range!
Hi Ben. What is your advice about online job applications requiring a minimum salary?
Hi J! Not a huge fan of them when I am a candidate but when you are interested in a job, what choice do you have? It’s a tough situation because you don’t want to leave money on the table and you don’t want to price yourself. However, you can always give them a different number later and says it’s because you learned more about the requirements of a role or there is a difference in cost of benefits!
Thank you for watching and for your comment!
@@BenTalksTalent Thank you for the response. It's a tricky situation.
@@jschultz9207 it really is. But pick your number, have conviction and be at peace with the outcome!
Do you think a company like Tesla would accept counter offers?
Thanks for videos
Ben, I told them how much I am making currently and never told my expectation 🙁🙁, do I loose chance to get more compensation?
I have manager round on Monday 🙁!
What I do now ?
You can always counter! If they offer you a salary below what you want, you can counter if for an acceptable salary!
@@BenTalksTalent thanks 😀, I will update here today, once I got offer letter ✉️ !
@@BenTalksTalent
Yay!
I made it 😍😍😍!
I got 100k per month but I want 130k per month, they said will give a 2.5month salary as sing on!
They want to close the deal this Friday, should we go for a counteroffer?
@@liveonyoutube5487 it’s up to you! If that meets what you need, then accept. If you feel like more is needed to accept, counter. Watch my counter offer video before you do though, it’s comprehensive.
@@BenTalksTalent yeah I am happy with what I am getting 😁,
Thank you so much ben! You are a great person!
I have a serious question: Are 3rd party recruiters incentivized either (i) by fee structure; or (ii) industry capital to get a candidate to accept the lowest possible salary offer? For example if a range of 100-116k was discussed, does the 3rd party recruiter earn more if you accept an offer at 100k as opposed to one at 116k? Obviously I know the recruiter needs you to accept the offer in order to get paid of course but just trying to see if they have any financial or other benefit to themselves if a candidate accepts at a lower salary????
This is a great question but it’s highly nuanced, I’ll make a video on it. However, I have never seen a direct financial incentive to get a candidate to accept a lower offer. It could equate to relational equity however.
If an employer gives you an offer that is exactly the salary you asked for initially, but you learn that their benefits are very weak would you say there is still room for negotiation despite them offering the exact salary you requested?
Yes. That’s a reasonable thing to ask for when there is a considerable difference in the amounts. In that case I would just be honest with them and share your calculations. I have seen companies change their offers many times in those cases.
@@BenTalksTalent Thanks! And thanks for replying so quickly. This was a very informative and helpful video. Im excited to watch more!
@@AL-dr8hj you are very welcome! I have three new videos coming this week. If you have any questions you want to make a video to answer let me know!
I was offered a seasonal position as a specialist at apple, can I negotiate my pay being this is a temporary contract?
That might be a bit tough. Often times for those roles the salaries are pretty defined. However, you can always try to counter, just follow the steps in the video and make it reasonable. Caution though, if they have many applicants, which they likely do, they could potentially withdraw the offer and go with a less expensive candidate. So keep that in mind.
@@BenTalksTalent Thank You for the advise! 🙏🙌 You were right, the salary is a fix rate. Furthermore, Thanks again for all your hard work and time you put into these videos to provide value to all of us! 👍🏾 You're the main reason I got the position. I watch all the videos you made about the company and took lots of notes. Continue adding value 👌
Kitty Alert around the 10:37 mark!
Leo likes to make the occasional cameo lol. Good eye!
How to counter with another job offer?
Here is the video! - How to Use a Job Offer to Get a Raise in Your Current Job
th-cam.com/video/wcjuzGuBYTY/w-d-xo.html
@@BenTalksTalent Thank you sir!