Each month we are going to feature a question from a Living on Purpose Project (LOPP) fan or follower and provide “straight no chaser” career advice from our CEO and Founder, Patrice Anderson. If you have a career-related question you’d like to ask, please comment on social media or directly email us atlivingonpurposeproject@gmail.com
“I have almost five years of experience, and less than two in my desired field. I have been offered a position at a mid-size company doing what I like but the salary is the same as my current position at a larger firm. How can I negotiate a higher salary?”
Negotiating is something I am lucky to have learned, literally from some of the best in the business. Here are secrets to asking for a higher salary and other forms of compensation. Following them will take your negotiation skills from shaky to successful in no time:
1. Wear your poker face: Letting others know what you’re thinking is the kiss of death when it comes to any negotiation. So don’t do it. Play it cool, and act as if you have MANY options and have done this before. Even if this is your first job offer in 2 years or you don’t have a clue about negotiation – act as if.
2. Six degrees of separation: Gather as much intelligence on the key players as you can. Who are the decision makers? How long have they been with the organization?
Know their successes and weaknesses, as well as who they have worked and gone to school with. Effective name dropping is effective. Create and start to cultivate a connection through shared associates and experiences. Your ultimate goal is to motivate them to believing that you are the candidate they MUST have.
3. Charm to disarm: My grandmother always told me – “you catch more bees with honey than you do with _ _ _ _.” Be pleasant and honest. People will know when you are overdoing it – so start with basic niceties like their appearance or a good point they made. Then move up to say and show the appropriate amount of deference and your respect. You can kill any deal simply by rude behavior and poor business etiquette
4. Demonstrate and prove others are being paid more: Talk in a non-threatening way about how the position you are considering is extremely similar or exact to another in the company/field/industry. A position that is paid at a higher salary. Something like “the positon you describe sounds more like (INSERT ONE LEVEL HIGHER) and detail all that you are being expected to do. Pay note to supervising even an intern. If it’s an assistant positon say it sounds like a “coordinator.” If they call it a manager say it sounds like a senior manager or director.
Your goal is to point to other people doing the same job for more money. If you need to build a better case – highlight that you know the previous person to hold that position had fewer responsibilities. And, to seal the deal offer to take on another project, area or department to clearly demonstrate the significant increase in job responsibilities – and to give them leeway to adjust the salary.
5. Highlight your negatives: After explaining your sincere interest and aptitude to do the job at hand – mention the “down side” for you. Will your commute time/expense double? Are you leaving a more well-known or prestigious brand or company? Share as they say, the “facts.”
Then remind them of what impressed them about you in the interview or prior meeting and share three (3) strong industry and/or career accomplishments. Reinforce this “negative” message with your desire to be a part of their team.
6. Ask rhetorical questions: People are more likely to be flexible and concede when they don’t feel confronted. Making your comments (and even reservations) into rhetorical questions is a great way to prevent things from going “left” (at best) or contentious (at worst).
Saying something like, “I really want the positon but I wish that there was some way I could not have the added expense of commuting?” or “The position is great but it really sounds much like an Account Executive, not a Coordinator, which I know has a much higher salary?
7. Be direct about the extras: Depending on the company, you should ask about signing bonus, performance based stock options, assistance with relocation or moving costs, and increased transportation. These pay outs may not come in lump sum, one-time payment but – money is money.
Everything in life is negotiable and everything in life requires some form of negotiation. Stop limiting your career options by lacking knowledge and experience in negotiating with people at all levels.
This week start by practicing some of these tips, reading more about the topic, and enlisting a friend to role-play the part of your future employer.
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