How strong is social conditioning that pressures women not to ask for more money? Even Sheryl Sandberg, during her first salary negotiation at Facebook, nearly undersold herself.
Let's be honest: the first question in most of our minds when we're evaluating a job offer is, "What does it pay?" Without an adequate salary, all the gym memberships and dental plans in the world won't make us happy at our jobs.
But salary isn't the end all, be all of job requirements. HR expert and Career Spin blogger Mike Spinale offers this list of other important considerations to ponder before signing on the dotted line.
By David Bakke, Money
Crashers Personal Finance
If the current job market isn't depressing enough, the projected data regarding
pay raises in the coming year is even more dismal. According to the consultant
group Mercer, the average projected pay raise for 2013 comes in at just 3
percent, barely outpacing inflation. With that in mind, you're really going to
have to get to work, so to speak, if you expect any sort of significant salary
bump in the coming months.
Murshed Chowdhury is the CEO of an IT staffing firm, which means that he can adjust his schedule as he sees fit; for example, taking a late lunch hour on Friday afternoons to attend a weekly prayer service.
It wasn't always so easy. In a post on Lifehacker, Chowdhury recounts one incident that occurred before he was in charge. A manager told him that he wouldn't have been hired if the manager had known about his special requirements in advance.
You already know that PayScale.com is the place to go to
quickly generate a personalized Salary Report that tells you exactly how your
total compensation compares to people like you. (And if you don’t know that, go
complete your Salary Report right now.) You probably have even
spent some time poking around and looking at the array of charts and lists
contained on the report. But today we’re going to show you how to get the most out of that information.
Negotiating a new salary can be intimidating, whether you are
asking for a raise or accepting a new job offer. The better prepared you are for the conversation, the more likely it is that you will get the salary you deserve. Arm yourself with an aresenal of information and read on for 5 tips for an easier salary negotiation.
In case you missed it, in an article titled, "These Two Salary Data Sources Will Help You Prove That You Deserve A Raise", Business Insider’s Brazenist column
recently compared PayScale to Kim Kardashian. We know, the analogy sounds weird,
but whenever a major media outlet recognizes us for “blazing a new trail
when it comes to providing salary data” we’re happy to accept it as a
compliment. When they questioned the validity of our methodology though, we
shot back with a few corrections defending our (and Kim’s) honor.
Solid negotiating skills can mean the difference between agreeing to a mediocre proposal with your head hung low and working out a fair deal. Stuart Diamond, a negotiation expert and the author of "Getting More: How You Can Negotiate to Succeed in Work and Life," offered up four of his best negotiating tips to CBS News. I've paraphrased them below.
Here's one thing we know about money: No matter how much of it you earn, you always want more. Which is what makes it particularly distressing to discover that, perhaps, you're not actually being compensated as well as you should be. How did this happen to a nice person like you? And what can you do about it?
You're managed to pull off the seemingly impossible task of getting a job offer in this economy. Congratulations! Your next step? Make sure you don't sell yourself short when it comes to negotiating your salary.
There are plenty of good reasons to hold out for decent money, besides the fact that it's always nicer to have more leftover for beer and Skittles. For one thing, it appears that money can buy happiness -- to a certain extent.
When asking for a raise, should you tempt your boss into giving you a counteroffer by presenting a job offer from another firm? This hardball tactic is definitely not for the weak of heart, but a Robert Half UAE recruitment study found that 36 percent of respondents, who were all senior human resources executives, noticed that companies were more likely to give employees counteroffers to incentivize them to stay with the company.
So is it time to fire up the job search, if only for the potential bargaining power?
Does the thought of asking for a raise make your palms sweat from fear? Or, are you confident you deserve a healthy bump in pay? Here at PayScale we pay close attention to what makes people's income grow so we've created an infographic with a few questions and some advice to help you decide if you are ready to ask for a raise.
What can you do before the end of the year to set yourself up for a higher salary? We asked Jim Hopkinson, author of "Salary Tutor: Learn the Salary Negotiaton Secrets No One Ever Taught You," this question. From how to prepare for a conversation with your boss to handling that initial “no,” he guides you through your must-do salary negotiation homework before Dec. 31, 2011.
The debate rages on: Should a job candidate name a salary number first, or wait to hear from the employer? Money is on the line and feelings are strong on both sides of the issue. Most experts suggest that applicants should keep their mouths shut and make the employer talk first. New research suggests, though, that this may not be the wisest approach. Naming a salary number might boost your earnings.
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