I’ve been out of work for a while and have been searching desperately for the right opportunity. I know how much money I need to live on, but how can I effectively negotiate the salary that I need? When I last tried to negotiate salary they rescinded the offer.
My philosophy on this subject has always been that you won’t get what you don’t ask for. However, if you ask in the wrong way, not only will you not get what you want but you may lose the opportunity all together! There is definitely a way to go about negotiating salary that will not harm you in the long run.
First and foremost, you must make it very clear that THIS is the job you want, that you’re excited about the opportunity and the company and you are anxious to accept the offer. You can then add a small caveat, something to the effect of “however, I was hoping to start at $xx amount based on market research I did on this job.” This way, you’ve left the door open for them to say no to your request, but still welcome you with open arms into the organization. Notice that I based my request on market data – it is important that you go into a negotiation having some idea what the job is worth and not just what you need to pay your bills. You can gather this information in online salary surveys (salary.com is a decent one) or based on your personal experiences. If the company has listed a starting wage in their ad, you know that is their starting point and perhaps their ending point. You can say something like “I know that the starting wage is $X, but based on my skills and experience I was hoping to start at $X.” If they can’t meet your request, you can still make a decision not to accept the job, but you’ve done so in a respectful way that hopefully won’t burn bridges for you down the road.
If, on the other hand, the offer is truly less than what you are willing to accept, you can take a stronger approach. I have to caution you on interviewing for jobs that pay less than what you are willing to accept though, as you are wasting your time and theirs (and remember, it’s a small world, you don’t want to get a bad reputation). If the job posting mentions a starting wage and its well below what you are willing to accept, you may want to reconsider applying for that job, as it will only create frustration for the hiring manager if they decide they want to hire you and THEN you tell them you require a higher wage.
If you truly need a higher salary than what has been offered, and you are willing to decline the offer if they can’t meet your requirements, then its fair to say so. You can start with something along the lines of, “I’m very excited about the opportunity but unfortunately I was expecting a higher salary offer. Based on my skills and experience, I really need a salary of X in order to accept your offer.” They may then meet you halfway, or they may tell you the offer is not negotiable. Or, in the best case, they may meet your request having gone into the offer assuming you will negotiate.
Personally, I always offer what I feel is a fair wage given what I know about the candidate’s experience and salary history and my budget. However, some managers will attempt to lowball candidates assuming they will negotiate or just trying to get them for a bargain. This is a losing strategy long-term, as people know when they’re not being paid what they’re worth, and you risk losing their loyalty and engagement before they’ve even started.
Good luck to you, and keep me posted!