Negotiation is defined as the use of information and power to affect behavior. Whether we realize it or not, we negotiate something every day of our lives.
Whether it be what time our children to bed or what the final price of the car we want to lease, or purchase is going to be, a negotiation takes place.
This is especially true when it comes to the job search process.
There are several items to be cognizant of when it comes to negotiating, whether it be for a job or in our everyday lives.
Who, What, When, Why
Yes, it is true that these are the same questions utilized by reporters when writing a story. However, these game questions must be examined when negotiating,
- Who am I negotiating with? Does the person I am negotiating with have the power or authority to make the final decision regarding the issues I am confronting? All too often, particularly in a job search the candidate spends far TOO much time negotiating points with someone who either may not be the decision maker, or, may not be able to influence the decision maker
- What am I negotiating? Are the issues I am raising important enough to discuss! Are they really deal breakers? All too often, a deal may fall apart based on an issue that, when examined, is really not that important to either side.
- When do I negotiate? Again, one of the most common mistakes candidates make is beginning a negotiation far too early in the process. Most candidates mistakenly believe that the first interview is the time to begin negotiating- Nothing could be further from the truth. The first interview, and in most cases, the second interview, are times to “Sell” oneself. The objective of these meetings is pure and simple…. To learn as much about the position and Company as possible, and, to get the employer interested in you. Once sufficient interest is established, then, and only then, should the negotiating process begin
- Why? Is the issue important enough to negotiate? Is it really critical to me or is it an ego booster? Same for the client side. Is it a policy issue or is it an arbitrary line in the sand?
Contrary to popular belief, most items are negotiable when it comes to a job offer. However, several are more negotiable than others. This is the variable that a skilled negotiator can determine. There are many factors to consider. One of the most important is to realize what type of job market one is negotiating in. If it is a candidate driven market, or, if the candidate has skills that are in demand, then many of the negotiable items increase. If the reverse is true, the pendulum swings back towards the employer.
Some of the more common items that may be negotiated are: Salary, Title, Benefits, Hours, perks Review period, Bonus, Sign on Bonus, Location/Work from home policies.
Each of these items carries with it nuances s to how negotiable they are. Again, it is important to remember to ask oneself the question…HOW IMPORTANT IS THIS TO ME? Is it a deal breaker?
To what degree do I want to negotiate this point?
For instance, salary may be a primary motivating factor in your acceptance or decline of an offer. It is important to look at the full picture. does the position carry other benefits with it that may outweigh the salary differential you are facing? In many cases, the salary differential is merely an arbitrary number that either side has focused on. Consider negotiating a review period sooner than the normal one. Many employees will view this as an indication of your willingness to demonstrate your ability and be rewarded accordingly. I have a saying that I have used for years in my business…. If money is the only thing standing in the way of an offer being accepted by either side, then the issue is not the money there is SOMETHING else that has not been communicated by one or both sides. The skilled negotiator needs to find out what that issue is.
The same holds true for just about each of the negotiable items. The key is to find how the employer and prospective employee can meet each other’s needs in a win win method.