Salary Negotiating During the Current Economic Crisis
Tuesday, January 27, 2009 8:07If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Well it is common knowledge that the American economy is in the middle of a financial slump, and that economic downturn is affecting trading partners in many other countries, recent studies have shown that when it comes to many employers there is still room for negotiating your salary.
Just be aware of this, and make sure you know your strategic plan when it comes to approaching salary negotiation. These are sensitive times, and you need to have a modicum of tact when dealing with this subject.
Don’t be intimidated about negotiating salary if it is the right time for you. Just because many companies are slowing down or cutting back on staff, there are other companies and employers that are in need of talented human resources. Bear this in mind. There is plenty of opportunity to discuss salary with your boss, or negotiating a salary offer with new company.
By negotiating salary, you are standing up for your rights and standing up for what your believe in. By standing up for yourself you are asserting the value of your skills and setting expectations in the employer that the market will support your salary request. Make sure you’ve done your market research homework in order to support this.
Be tactful in the salary negotiation approach you use. Employers will respect the fact that you’ve approached them with a less intensive approach. It is not the time to play the tough guy when it comes to salary negotiation, unless you are one of the few elite staff that can achieve top dollar increases in this challenging economic time.
Salary negotiation in these times is still an option. Not only that, but if you find yourself in the unfortunate circumstance of being between jobs, salary negotiation skills and strategies are of critical importance to you.
Just remember that salary negotiation is still an option and not to be dismissed because the economy is in a downturn. Contrarily you should look for the best approach, do your job market research, and build your supporting case for your salary increment request.
Wishing you the ultimate success in your salary negotiation.
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Ron says:
January 29th, 2009 at 9:50 am
I would add one more thing, check some real salary data on salarylist.com before making any decision or judgment.
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