Before accepting a job offer, take this step to set yourself up for success, advises expert.
Workers have diverse priorities when it comes to what's important in a job. A 2022 Gallup poll of 13,085 U.S. employees found that 61% prioritize work-life balance, 53% prioritize stability and job security, and 64% prioritize pay and benefits.
The ideal time to negotiate for various aspects such as salary, remote work, and vacation time is after receiving a job offer. Stacie Haller, the chief career advisor at Resume Builder, advises creating a personal list of non-negotiables and flexible items before discussing with the employer.
Here's how.
'What are your long-term goals?'
What are your long-term and short-term goals, asks Angelina Darrisaw, a career coach and founder of C-Suite Coach.
What are your essential and desired job requirements, such as a specific salary to maintain your lifestyle or a certain number of caregiver days per year, and what are your additional preferences, such as unlimited sick days or enjoyable perks like entertainment discounts?
It all "boils down to self-reflection," she says.
DON'T MISS: The ultimate guide to negotiating a higher salary
Darrisaw recommends working with a career coach or using negotiation worksheets to help determine priorities. Additionally, creating a vision board of desired outcomes could be a helpful starting point.
Ask, 'is this happening widely across the industry?'
To determine what's realistic in a job offer, speak with others in the company or field and inquire about industry norms. Darrisaw suggests asking, "Has it been done?" to gain insight into typical practices.
To increase your chances of getting your needs met, it's important to understand what typically motivates business leaders to accommodate certain requests. One way to do this is to chat informally with HR leaders or other industry leaders to gain insight into their incentives.
Networking with people in the company and conducting informational interviews during the interview process will provide you with valuable insights into the company's culture. This will help you make a stronger negotiation, according to Darrisaw.
Negotiating for your best-case scenario is crucial, as there is a significant difference between being in a comfortable situation and one that sets you up to truly excel.
Earn more money at work by taking CNBC's new online course, "How to Negotiate a Higher Salary." Expert instructors will teach you the necessary skills to increase your paycheck, including preparation, confidence-building, effective communication, and counteroffer crafting. Start today and use coupon code EARLYBIRD for a 50% introductory discount through Nov. 26, 2024.
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