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The Seven Rules for Salary Negotiation

1.  Research. Take the time to learn about the company and the market that they operate in.  Memorize facts, figures and dates as much as you can before the interview.

2.  Be aware of what the employer can offer. If you have done your homework. This should be easy to accomplish. There are plenty of resources available on the internet.

3. Never be the first to name a salary.

The goal is to show your potential value first. I remember a phone interview that I once had with a local company. I was asked for my salary requirements within five minutes of the call.

Here is the problem. If you give a number without fully understanding the job details, you are in danger of shortchanging yourself. Also, you don’t know what the salary range is for the job. Always reply with this question:  “What is the salary range for the job?”

4.  Don’t make assumptions when working with recruiting firms. The key is to remember who the recruiter is working for. Keep your perspective businesslike.

5.  Understand that negotiating is expected.  The first offer is just that — a opening bid.  See it for what it is and offer a counter.

6.  Establish your priorities. Be flexible. Know what you need and what you are willing to take.  If the money is low, maybe you can arrange more vacation otr stock options.

7.  Knowing when to say no. If you have other options and you can not come to terms, you may have to walk away.

Newsletter April 2010

The newsletter is final ready to launch. The hard part was finding a free service that I could use. You can subscribe via the website Optimal Consulting. I am using a newsletter service called Mail Chimp.  Subscribe and let me know what you think.