leveraging your value€¦ · women reported salary expectations between ___and ___ % lower than...
TRANSCRIPT
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Kansas State UniversityNovember 7, 2013
Leveraging Your Value
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From Paying To Learn
To Getting Paid For What You Know
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Women reported salary expectations between ___and ___ % lower than those of men for the same job. Know your value
Men initiate negotiations about ___times as often as women.
Men expect to earn ___% more in their first year of full‐time work
___% of Hiring Managers state that they are willing and even expect to negotiate salaries after the initial offer.
___% of candidates accept the first offer given to them
Candidates age ___and older negotiate more than Millennials.
____ times more women than men said they feel “a great deal of apprehension”
about negotiation
___% of women say they never negotiate at all
4
2.5
20
Women reported salary expectations between ___and ___ % lower than those of men for the same job. Know your value
3 32
13
45
49
35
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Salary Negotiations 101
• Be prepared and Informed• Determining your Market Value
• Attitude is Everything• Show me the ….
• Cardinal Rules• Key Takeaways
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Research, Research…RESEARCH
• Company– Profit– Not for Profit
• Industry• Profession• Location• Salary Ranges
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Leverage Your ValueAccomplishments (A&P)Years of Experience
EducationMobilityPotential
Knowledge of the Situation
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Ask Questions For Critical Information
How long has the role been vacant?
What led to the opening?
How critical is the role to the organization?
How often has the role changed in the past 24 months?
If more than 3 times, what are the attributing factors?
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Education Programs
Vacation Time
Sign on Bonus
Home Purchase
Larger salaries
Housing/Car Allowances
Stock Options
Salary
Start Date
Relocation Assistance
Negotiation Is A Dynamic Process
Education
Experience
Status
Negotiating Power
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• Vacation time• Remote assignments• Telecommuting • Relocation assistance• Education (training, Certification, MBA etc)• Transportation
Money! Show me the Perks!
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Beyond The Paycheck
• Worklife Balance• Location• Social Responsibility
• Career Track• Future of the Company
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LET’S PLAY:
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“What are your salary expectations?”
“Whatever you offer is acceptable.”
“I just want to get into the organization, so I’m open”
“I don’t care, I just need a job”
A:
Q:
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“So, what are your salary expectations?”
“Someone in this role generally makes between $ and $”
“Taking into consideration my education, experience and the companies salary range, I believe a salary of $ would be fair.”
“After careful research which included cost of living for the area and the typical salaries for this particular position, I believe an annual salary request of $$$ would be both realistic and fair.”
A:Q:
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• Show Your Hand• Initiate the Salary Discussion
• Accept The First Offer• Appear Desperate• Engage in Salary Negotiations Unprepared
• Overlook The Non‐Monetary Perks
• Enter into Negotiations with a Bad Attitude
Negotiation: What NOT
To Do
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Things To Consider Before You
DVANCEMENT
RAINING
OMPENSATIONAREER
XCITED
ERKS
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Key Takeaways
• Employers expect Negotiations• Well informed candidates receive greater Dividends
• Know your Value• Never accept the First Offer• Never accept an offer below your Value
• Be Realistic!• ALWAYS GET FINAL AGREEMENT IN WRITING!!
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Resources
• PayScale.com• Salary.com• CareerJournal.com• Cbsalary.com• Abbott‐Langer.com• Vault.com.salaries.jsp
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Got Questions?
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Anthony Fletcher@MyFutureInc
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