Salary Negotiation Common mistakes
- Discussing salary at the wrong time in the interview process
- Fail to deal intelligently with salary questions and issues by not doing research on salary comparables and employers.
- Don't know how much you're really worth.
- Specify a single salary figure when asked "What are your salary requirements?"
- Assume your "qualifications" and "performance" will automatically determine your salary level.
- Think salaries are predetermined by employers.
- Believe you are indispensable to an employer who will give you substantial raises rather than risk losing you to the competition.
- Under-value your worth.
- Over-value your worth — maybe even think you are the only choice for the employer.
- Think the employer is in the driver's seat when it comes to negotiating salary.
- Approach salary negotiations from a perspective of need or greed rather than as a process of assigning value to your qualifications and promises of performance.
- Personalize salary issues by believing a salary is assigned to you rather than to your position. Focus primarily on yourself rather than on the position to which salary is normally assigned.
- Fail to compile supports for a negotiating position.
- Prematurely discuss salary before acquiring information on the job or before communicating your qualifications to employers.
- Don't know how to close and follow-up the salary negotiation interview.
- Forget to calculate benefits as part of the compensation package.
- Put too much emphasis on benefits rather than concentrate on the gross salary figure.
- Project an image that is not commensurate with the salary being negotiated.
- Put too high a price tag on themselves without providing supports to justify the salary figure, such as previous salary history or indicators of performance.
- State a specific salary expectation figure on either their resume or in their cover letter.
- Negotiate salary and benefits over the telephone.
- Too quick to accept employers' first or second offers.
- Don't know how to use timing as part of establishing your value in the eyes of employers.
- Fail to adequately assess the employer's needs and develop a strategy to meet those needs as well as relate this strategy to your salary requirements.
- Fail to raise intelligent salary questions about the job and the employer.
- Don't know how to handle employers' salary questions or say the wrong things.
- Don't give themselves much room to negotiate.
- Don't know when to leave a job or company for opportunities elsewhere that will pay better.
- Try to play "hard to get" when you have little or nothing to leverage.
- Lie about your past salary history or alternative salary offers.
Adapted from Dynamite Salary Negotiations
Ronald L Krannich, Caryl Rae Krannich
Impact Publications; £13.99
ISBN: 1570231435
Available from www.amazon.co.uk