Money Magnet: 5 Steps to Negotiating a Higher Salary
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About this ebook
Have you been offered a position and don’t know what to do now? Are you applying for jobs and want to be ready to respond to an offer? Are you looking for inspiration to negotiate a better salary in your current role? This quick but thorough guide will give you step-by-step instructions to negotiate for a higher salary.
Congratulations, you've done it! You have a job offer! All of your time worrying, stressing, and interviewing has finally paid off. Now the main question is: how do you negotiate for the best offer possible? What is most important to you? Why should you negotiate your salary? How do you even understand your offer? How do you do your research? How do you determine your counter-offer number? And how should you phrase your counter-offer?
By the end of this book, you’ll have answers to all these questions, plus the tools to practice your salary negotiation skills, including a formula to help you identify your counter-offer number, and scripts to help you know what to say during the negotiation conversation.
Here are the 5 steps to negotiation success:
1.Understand WHY you are negotiating
2.Know the components of the job offer
3.Research the facts that are going to be a game changer
4.Practice, practice, practice
5.Do it! Have the 5-minute conversation that will significantly improve your compensation package.
Erica D'Eramo
About the Author:Erica D’Eramo is an advisor, instructor, and mentor to women and other underrepresented groups in the Center for Women in Technology at the University of Maryland, Baltimore County. Her work focuses on students’ academic, professional, and personal success in the computing and engineering fields. She earned a Master of Arts degree in Higher Education from the University of Michigan and a Bachelor of Arts degree in Business from Franklin & Marshall College. She has been advocating for students and professionals in higher education for over ten years.About the Editor:Sarah Erdlen is a jill-of-all-trades currently working in outreach at a local nonprofit. Her professional life revolves around connecting people and communities while uplifting non-dudes and marginalized groups at all costs. She is a Certified Cicerone® (that is, a tried and tested Beer Know-It-All), a swing dancer, a dog lover, and mile-long resumé haver. A recovering Success Kid, she’s thrilled to put her word-smithing to use helping other folks become Success Adults. (It’s important to note that she successfully negotiated her wage for her current day job in the middle of editing this book.)
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Money Magnet - Erica D'Eramo
Money Magnet
5 Steps to Negotiating a Higher Salary
Author: Erica L. D’Eramo
Editor: Sarah Erdlen
Are you looking for inspiration to negotiate a better salary in your current role?
Have you been offered a position, but don’t know what to do next?
Are you applying for jobs and want to be ready to respond to an offer?
This quick guide will give you step-by-step instructions to negotiate for a higher salary.
Congratulations, you've done it!
You have a job offer! All of your time worrying, stressing, and interviewing has finally paid off. Now the main questions are:
1. How do you negotiate for the best offer possible?
2. What is most important to you?
3. Why should you negotiate your salary?
4. How do you even understand your offer?
5. How do you do your research?
6. How do you determine your counter-offer number?
7. How should you phrase your counter-offer?
By the end of this book, you’ll have answers to all these questions, plus the tools to practice your salary negotiation skills, including a formula to help you identify your counter-offer number, and scripts to help you know what to say during the negotiation conversation.
1. Understand WHY you are negotiating
When you have that offer, you could feel ecstatic, overjoyed, worried, or nervous. All are reasonable emotions to feel during this time. Remember, they want you. Your employer has spent a lot of time and money to get to this point and they are enthusiastic about you joining the team and doing the job. They also expect you to negotiate. Yes, even if this is your first job.
Why should you negotiate?