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SALARY NEGOTIATION
Source: www.crummer.rollins.edu
Topic: Negotiating
Sort Desciption: Salary negotiation is the process of reaching an agreement on what an organization will pay for ... Here are some salary negotiation positions of strength ...
Content Inside: S ALARY N EGOTIATION Introduction Michael Jordan and Demi More make lots of money. Others make more modest salaries. Salary doesnt necessarily correlate with the value you add or the contribution you make to society. Its simply the amount the market will bear to purchase your services which include your skills expertise knowledge and special talents. Although this sounds straightforward students often feel some concern when considering their first job offer. Sometimes this anxiety stems from a fear that an organization may be low-balling their salary. Or they fear they might alienate a future employer by appearing too demanding if they ask for more money. We hope this guide will minimize any anxiety you may have by providing you with the what why when and how of salary negotiation. T HE O RGANIZATION S P ERSPECTIVE Remember salary is the amount that the market will support for your services. Most organizations both large and small establish salary ranges for every position based on standards and general practices for the field. Its in the organizations best interest to hire you for fair market value for several reasons. First the hiring process can be long and expensive. It would be inefficient for an organization to make low offers only to be rejected and have to begin the recruiting process all over again. Second organizations want to hire and retain good employees. Its unproductive to pay you less than other employers. Organizations determine where an employee falls in the salary range based on experience and special expertise or knowledge. For example a recent college graduate hired for an entry-level position with limited experience will be paid somewhere between the low- to mid-range. Hiring managers often reserve midpoint salaries for more experienced individuals who will hit the ground running and who need little training. The What Why and When of Salary Negotiation W HAT I S I T ? Salary negotiation is the process of reaching an agreeme ...
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