Salary Negotiations in Tough Economic Times
Heather Huhman, the careers writer for Examiner.com, has some great suggestions for internship and entry level job candidates regarding how you should negotiate your starting salary and other compensation in these tough economic times.
First of all, during tough economic times like we are in now, all candidates, but especially entry-level candidates, should understand that employers will be less likely to be willing to negotiate compensation packages because they face an abundance, not a shortage, of well-qualified candidates. The employer holds the negotiating power. That said, here are five tips:
- Know what the salary range for the position should be. Don't know? Use our salary calculator.
- Request the offer in writing and at least one business day to consider and decide upon it.
- Tell the employer that you're interested when they make the offer, but don't commit.
- Ask if negotiation is possible.
- Consider all benefits, not just salary. Especially in tough economic times, employers may be willing to provide their new hires with more value by providing them with non-budgetary, soft benefits such as flex time or an increased number of vacation days.
Leave a comment