Presentation on theme: "Career Counseling and Support Services The Ohio State University 1640 Neil Avenue, Second Floor Younkin Success Center 614-688-3898 www.ccss.osu.edu."— Presentation transcript:
Career Counseling and Support Services The Ohio State University 1640 Neil Avenue, Second Floor Younkin Success Center 614-688-3898 www.ccss.osu.edu
2 Career Counseling & Support Services Job Offers and Salary Negotiation Career Counseling and Support Services The Ohio State University 1640 Neil Avenue, Second Floor Younkin Success Center Columbus, OH 43201-2333 (614) 688-3898 http://www.ccss.osu.edu
3 Career Counseling & Support Services Agenda for Today Salary negotiation Other areas of negotiation Questions
4 Career Counseling & Support Services When to Negotiate? You are really not in a position to negotiate until the employer makes an offer
5 Career Counseling & Support Services How can I handle questions about salary during an interview? SCENARIO If asked: "How much did you earn on your last job?" Tell the interviewer that you would prefer learning more about the current position before you discuss compensation, and that you are confident you will be able to reach a mutual agreement about salary at that time.
6 Career Counseling & Support Services Appropriate questions to ask if salary is brought during an interview What is the salary range for this position? Does the organization ever pay higher than the starting salary? If so in what circumstances? What is the average salary increase for the position? How often are increases given?
7 Career Counseling & Support Services Are salaries really negotiable? Yes, and no. It depends on the position, the manager, the organization, and your perceived value. Most entry-level positions have set salaries that are subject to very little if any negotiation. Mid-level positions typically have salary ranges of between 10 and 20 percent (i.e., a job paying $30,000 a year may have a salary range between $27,000 and $33,000). Employers will negotiate within the range, but will rarely exceed it unless you are an exceptional candidate. Most state and federal government jobs have rigid, non-negotiable salary scales based on education and experience. In general, the higher-level management and executive positions offer the greatest opportunities for negotiation.
8 Career Counseling & Support Services What do I need to know in order to negotiate? 1.Review the collection of salary survey information in your college Career Services Office and Career Counseling and Support Services. 2.Use job listings, which indicate salaries for related positions. 3.Ask your friends and networking contacts. 4.Call employment agencies or executive search firms. 5.Review business and trade periodicals (i.e. the Wall Street Journal and National Business Employment Weekly publish salary updates). 6.Check out the on-line salary lesson through www.onpace.osu.edu www.onpace.osu.edu First, determine the market rate salary range for this type of position, in this particular industry:
9 Career Counseling & Support Services What do I need to know in order to negotiate? Prepare a budget to determine your financial needs. Decide, BEFORE YOU GO INTO AN INTERVIEW, what salary you WANT to earn, what you NEED to live on, and what you will be willing to SETTLE FOR. Be realistic. Practice your salary negotiation skills. Document your skills and accomplishments, and be prepared to talk about them.
10 Career Counseling & Support Services What do I need to know in order to negotiate Don't be the first to mention salary during the interview, and use the negotiating tips (listed in the following slides) when the topic does come up. Never say, "I need at least ___ dollars." Provide the interviewer with a salary range. Don't worry about what your friends are making, the employer certainly isn't. Never lie about your salary history. RELAX! It's natural to feel uncomfortable discussing salary. Be sure to get it in writing!
11 Career Counseling & Support Services The Negotiation: If prepared Initial offer will be over the phone Express your pleasure at receiving the offer and enthusiasm for the position Clarify any aspects of the offer as necessary Express reservations if you have any and ask if there is any possibility of getting or working out________ If you decide to negotiate salary ask whether there is any flexibility in the figures and be prepared to give your figure and reasons why Be straightforward, matter of fact, and honest = assertive Do not frustrate your employer and undermine your credibility Silence can be effective in face-to-face-negotiations
12 Career Counseling & Support Services The Negotiation: If took by surprised Express enthusiasm for the position Clarify offer Ask any informational questions you have Say you will get back to them after you’ve had a chance to think about information
13 Career Counseling & Support Services How can I handle questions about salary? SCENARIO 1 If asked: "What are your salary requirements?" There are multiple ways to respond depending on your personality, goals and the situation. Summarize the requirements of the position as you understand them, and then ask the interviewer for the normal salary range in his/her company for that type of position. Or, respond with “My research indicates that the typical salary range for this position is $_______ to $_______. I feel that, in light of my _______ (qualifications, education, experience, accomplishments), I would be qualified for a salary around $_______ (tighter range within the original range).
14 Career Counseling & Support Services Reasons you might include for why you believe you deserve that amount The amount of experience you bring to the position Specialized skills that you posses Another employer is recruiting you and they have offered that amount
15 Career Counseling & Support Services How can I handle questions about salary? SCENARIO 2 If told: "The salary range for this position is $22,000 to $27,000, is that what you were expecting?" Tell the interviewer that it does come near what you were expecting, and then offer a range which places the top of the employer's range into the bottom of your range (i.e., I was thinking in terms of $27,000 to $32,000). Remember: be sure that the range you were thinking about is consistent with what you learned about market rate for that position.
16 Career Counseling & Support Services If offer is unacceptable I am very interesting in working for this company; however, at this point I am not able to accept the offer because ___ (state specifically what is missing: is it the amount? Insurance coverage? Business travel requirements? I will be happy to accept this position. Are you in the position to meet my request? Or if really want the job: What can I do to become more valuable?
17 Career Counseling & Support Services Other Areas of Negotiation Vacation time Sick leave Personal leave Bereavement leave Maternity/Parental leave Retirement plans (e.g. 401K) Unpaid leave Severance Pay (termination) In addition to negotiating salary, you may want to consider the following benefits as additional areas of negotiation:
18 Career Counseling & Support Services Other areas of Negotiation Desirable office Technology or special equipment (e.g. computers) Company car Bonuses Child care
19 Career Counseling & Support Services Other areas of negotiation Flexible work arrangements Work setting (e.g. working at home) Flexible work time Relocation expenses / cost of living adjustments Tuition reimbursement Training programs
20 Career Counseling & Support Services Other areas of negotiation Job title (e.g. office manager vs. administrative assistant) Leadership role within the organization Procedures for reporting to others Stock options Professional development funds Professional membership dues Costs of attending conferences
21 Career Counseling & Support Services The amount of time you’ll have to decide on this offer Your starting date (including deferment in order to take a postdoc) Reduced teaching load (common for first year) Lab facilities and equipment Your own computer or easy computer access Money for new libraries resources (including files, slides, CD’s) Summer research support Travel funds for conferences Early (or extended) sabbatical or leave (including parenting, if relevant) Early (or delayed) tenure review Extra T.A (s) or R.A (s) Extra secretarial assistance Office space/location Parking Moving Expenses Benefit package: health, life, disability, tuition, and retirement (available for spouse and dependents), on-site day-care, spouse employment assistance, pharmaceutical plan Assistance in finding and sometimes financing housing Assistance in finding spouse employment
22 Career Counseling & Support Services Negotiations Academic Jobs Look for mutual gain, common interests Chair is sympathetic to your need to publish, but has no money for course reductions this year. How about more T.A.(s)? or less demanding courses? Or more summer research money? Or a reduction of administrative or departmental duties? Suppose you know you will not have time to prepare courses for fall (e.g. you’ll be too busy finishing dissertation, or perhaps you are expecting a baby). Can you work out a semester’s maternity leave? Find a substitute? Schedule all your courses or better– a reduced load in the 2 nd semester?
23 Career Counseling & Support Services Last thoughts… Get offer on writing If you are not going to accept, explain why as tactfully and honestly Reiterate your positive impressions and your regret that the job didn’t work out Write a follow-up letter as well