05/05/2020
What was your best moment when negotiating a salary?
Great question! First of all remember five basic rules of salary negotiation:
Rule 1: Never tell your current salary
Rule 2: Never tell the salary you want
Rule 3: Know your minimal acceptable salary (let's define it as X) and the list of non-monetary benefits you want before an interview for example 45 vacation days, 2 days remote and etc.
Rule 4: Someone who has money (employer) names the price first
Rule 5: Always keep your offer opened, don't burn all the bridges
The best moment to start negotiate your salary is right after you did show the value you will add and bring to the company and that value has been validated and clear to your potential employer.
When you have that moment come use that script to negotiate your salary
Employer asking on the interview:
Ok, let's talk offer. What salary are you looking for?'
Your answer #1: Thank you for your time on that interview. I'm pretty sure on this stage you're quite familiar with my skill set, strengths, and weakness so would you mind to tell me what payment rate are you looking to offer for a professional like me?
Your answer #2: Thank you for your time. Listen, I just an engineer who is focusing on technical stuff and doing his job as best as possible. We going to have/ already had that extensive conversation around the value I could bring to the company so I trust you to evaluate my skill set based on your business needs and tell me the rate you willing to pay.
Your answer #3: Thank you for your time. Hey, I'm pretty sure on that stage you know better what kind of value I could bring to your company so I don't feel comfortable to dictate your the payment rate you willing to pay for a professional like me. But you could tell me the number you have in your mind.
Employer tells you the number:
We ready to offer you Y. What do you say?'
If Y is less than X, say: Hey, I appreciate your time and really interested to join your team but my current salary rate is higher than that/sorry, that rate is not aligned with my career goals. Is it the highest rate you would like to offer me?
They tell "yes, it's the highest number we could pay", you say: Ok. Let us have a break for a couple of days. Call me back if you think we still a great fit for each other.
If Y is equal or higher X, say: Thank you for your offer. It sounds very encouraging and I would say we are really close. Let us step aside from the salary number for a while and talk other benefits your company could offer.
How many vacation days do you offer? Could you make 45-50?
I would love to do remote 2 days per week. Do you think it's possible?
I'm dropping my kids to a kindergarten each morning and really need to start at 10 am. Is it ok?
They tell, "We could do C, but not A, B". You're asking: Ok, if there anything you could do to substitute A, B, for example, do C+other perk?
If you are not happy with non-material benefits, say: Sorry, your offer is great but not aligned with my personal goals and my family situation. Let's us have a break for a couple of days. Call me back if you still think it's a great fit.
If you are happy with non-material benefits, say: Ok, in that case, I think Z = Y+20% would work for me.
They tell, "No, we can't afford it". You're asking: Ok, what is the highest rate you could offer me?
They tell, "The max we could do is Y1", you say: Ok, we are really close, so could you do Z1 = Y1+10% and 50 vacation days (name any other benefit)? Keep it going until you happy with the number/benefits balance. Your primary goal here is to understand what is the "MAX package" (salary + benefits) they could offer for that position. Don't be afraid to push them because in the worst case scenario you'll still get the minimal acceptable salary plus "some" benefits you're already happy with.
Eventually, they tell, "Yes, we could do that". You say: Ok. Thank you for your time, please send me your offer then. I will review it in a couple of days and let you know.
Last thing to remember. Try to model that dialog with your friend before an interview to train yourself to stay confident under the enormous negotiation pressure. Practice that strategy as often as you could to master your negotiation skills.
