Excerpt from the book, Get The Job You Love by Marjorie Weingrow. Go to Part 2.
2. How to make terms win-win
Salary, benefits, work hours and responsibilities can be negotiable.
Negotiate salary
Even before you receive the offer, it’s wise to research pay ranges by position and industry. This is where the work you performed on salaries “pays off.” Look online for surveys to determine average salary. Study similar job descriptions both within and outside of the industry and organization. If the position is in a different geographic area, use salary calculators to factor in cost-of-living expenses to estimate a reasonable salary in your location. See Chapter 6: “Ace the Interview” for tips on how to research salaries by position.
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You also need to be considering your salary requirements. How much money do you need to manage financial obligations and live comfortably?
Once you have the offer, you are in a position to negotiate. It is always important to be patient. Counteroffers are typically about 10 – 15% of the original offer. Come up with three figures: (a) a minimum number that you can accept based on what you need and want, (b) a realistic midpoint number, and (c) a dream salary figure that is also within the range of reality. It’s always easier to negotiate down.
Go to Part 4.
This post was reposted from http://finlit.biz/business/negotiating-your-job-agreement-part-4/, originally written on February 26th, 2013.
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