Print

Resources >> Browse Articles >> Salary Guides

+2

Top 5 Salary Negotiation Mistakes

Top 5 Salary Negotiation Mistakes

PayScale.com

The key, she says, is to be confident in the salary range you want, and walk away from jobs that aren’t offering it. More than anything, “don’t go through the [hiring] process to have compensation be the reason it doesn’t work,” she says.

Warriner also discourages pitting offers against each other, such as going to your current employer and saying, “I’d like to stay here, but this other company is offering me more.” She says “companies are not interested in candidates that are only interested in pay.” Warriner believes this will likely result in a lost job offer, and lost respect for you from all companies involved in the process.

3. Comparing apples to oranges. If you’re changing careers or moving into a different industry, Warriner says you should tailor your salary expectations. For example, a person moving from a larger company to a smaller organization, or from a corporate outfit to a nonprofit, should expect lower pay. She suggests looking at compensation factors beyond salary in these cases, such as the commute, benefits, the team you’ll work with and industry experience you’ll gain.

4. Stringing a company along. When the time comes to say yes or no, you need to be ready. Warriner believes that “the comp package is something that should have been talked about during the entire process,” so you shouldn’t encounter any big surprises. If it really is the first time you’re seeing the offer and you need time to review it, say something positive, such as, “I’m really happy to receive this offer. I am happy to work for this company. I just want to make sure I am seeing everything and would like tonight to think about it.”

5. Following bad advice. “A lot of advice on salary negotiation is really old fashioned,” says Warriner. “It is based on power plays and assumes that the company is being dishonest.” Some examples include delaying the salary conversation as long as possible, not giving a salary range/figure, or delaying your response to an offer for a week. Taking this power-play approach may cause the company to be turned off by you.

Quiz: Are You Earning What You Deserve?


Related Reads:


+2
  • Alexandria_moffitt_max50

    AlexandriaMoffitt

    almost 2 years ago

    2 comments

    Good tips. As a RN you always have these aspects under your belt.

  • Women__face_42_max50

    wendelynB

    almost 2 years ago

    4 comments

    Negotiation is an inescapable - and occasionally entertaining - part of life. This consists of your financial dealings. Whether you're bargaining salary, getaway days, a loan rate, sale price or anything else, it pays to not only know how you can negotiate, but what not to mention when bargaining. Keep away from these deal murderers and show off that silver tongue of yours.[url=http://personalmoneynetwork.com/moneyblog/2012/05/23/what-not-to-say-when-negotiating/]visit today each of our website[/url] to to avoid mistakes so you can strike the best possible deal.

  • Women__face_42_max50

    wendelynB

    almost 2 years ago

    4 comments

    Negotiation is an inescapable - and occasionally entertaining - part of life. This consists of your financial dealings. Whether you're bargaining salary, getaway days, a loan rate, sale price or anything else, it pays to not only know how you can negotiate, but what not to mention when bargaining. Keep away from these deal murderers and show off that silver tongue of yours. visit today each of our website. to to avoid mistakes so you can strike the best possible deal.

  • Photo_user_blank_big

    giftideasformen

    over 2 years ago

    102 comments

  • Photo_user_blank_big

    MirandaM

    over 2 years ago

    22 comments

    I think the biggest mistake you can make when negotiating your salary is simply deciding to settle and accept whatever offer you receive. People often make this mistake either from not completely understanding the negotiation process or from a dislike or discomfort with the idea of negotiating, which is why this is an important chapter in every online mba program. Settling for a lower salary than you are worth has some major negative financial consequences: you'll earn less, receive smaller raises, and have a smaller pension and it will also eat at you until you finally begin to seriously dislike your job and/or employer.

NursingLink School Finder

Save time in your search for a nursing or healthcare degree program. Use NursingLink's School Finder to locate schools online and in your area.

Get Info

* In the event that we cannot find a program from one of our partner schools that matches your specific area of interest, we may show schools with similar or unrelated programs.