‘salary’ Tagged Posts

Salary Negotiation Amidst The Financial Slowdown

It is common knowledge that the US financial system is in the middle of a recessionary slowdown, and that slowdown is having an effect on their larg...

 

It is common knowledge that the US financial system is in the middle of a recessionary slowdown, and that slowdown is having an effect on their largest trading partners, studies have recently shown that for many employees in many companies there is still room for salary negotiating.

It is critical to remember, and you must know your tactical approach to salary negotiating at this challenging time.

Just because the economy is on a slowdown doesn’t mean it is a bad time to negotiate salary with your employer. While it is true many companies are reducing staff levels and slowing down production, other companies are in hot pursuit of top skilled employees. Keep this in mind. There are many opportunities to still discuss salary with your boss and to negotiate a higher salary with prospective employers.

By negotiating salary, you are standing up for your rights and standing up for what your believe in. By standing up for yourself you are asserting the value of your skills and setting expectations in the employer that the market will support your salary request. Make sure you’ve done your market research homework in order to support this.

Be prudent in the salary negotiation tact you use. Employers will respect you when you approach them with a softer, less intense approach. Now is not the time to play salary negotiation hardball unless you’re one of the elite few that command top dollar in this tough market.

Salary negotiation in these times is still an option. Not only that, but if you find yourself in the unfortunate circumstance of being between jobs, salary negotiation skills and strategies are of critical importance to you.

Salary negotiation is not to be swept under the carpet just because we’re in a tough financial time. On the contrary, you should consider your best negotiation approach, and do your diligent market research. With a solid supporting case your request for a pay increase should be well received.

To your total salary negotiation success!

Trevor Davide Grant is a IT manager in the IT field and has extensive experience in salary negotiation. Trevor has worked for large telecom, power utililties, software development consulting, and a prominent social network. He has learned salary negotiating in the most effective way. Learn great tips on the topic of salary negotiating at www.HowToNegotiateASalary.com.

Salary Negotiating With Your Current Employer

 

A newsletter subscriber inquired whether or not it was possible to negotiate salary at a job your are already working at. After some investigating the local job market, they realized that they were quite underpaid and wanted to level set with their coworkers. Someone had advised them to quit their job and try to negotiate a higher salary elsewhere.

Salary negotiation is not just reserved for new recruits. Anyone can negotiate their salary by asking for a raise. They must be well prepared with a deliberately planned strategy and a well developed supporting case to persuade the employer.

Of course, if you just accepted a job offer, it is not a good time to ask for more money, but once you have some time and accomplishments behind you, you should look to salary negotiation. If you just accepted the offer, you did so fair and square. That is why it is important to know your value before accepting any job offer.

Salary is not the only means of increasing your compensation package. You can also consider things like extra vacation, time off in lieu of overtime worked, and stock options as extra ways to add value to your compensation, and make it more easy for the employer to accept.

Before going for a pay raise, one needs to do a number of things.

1) Know the value of your skills in your area. Research multiple sources for salary data, and be aware that surveys conducted by HR will be more reliable than those that are self-reported by employees.

2) Know your value in terms of the contribution you add to the business. Also be aware of value adds you do in terms of saving company costs, delivering projects on time, and delivering quality in your work.

3) You will need to discuss with the boss that you know the salary range for the current market. Be prepared with facts, and also prepared to approach this conversation with tactfulness.

4) Having done your research and having an intuition for where your performance falls within the percentile range, you will need to have a conversation with your boss and agree on the level you are performing at.

There are so many facets to salary negotiation. You should be prepared to do your research and know your facts. I highly recommend learning more about the art of salary negotiating and turn your career into high gear.

My preference would be to negotiate salary in a job that I was happy with rather than go through the effort of finding a new job in hopes of a higher salary.

One tactic that can give you an upper hand is to first get yourself another job offer. With that as your back up measure, you will have more leverage in negotiating salary.

Trevor Davide Grant is a project manager in the IT field and has extensive experience in salary negotiation. Trevor has worked for global telecom, power utililties, software development consulting, and a prominent social network. He has learned how to negotiate a salary in the most powerfulway. Learn great tactics on the topic of salary negotiating at www.HowToNegotiateASalary.com.

Work As A Paralegal For Good Pay

 

You can earn good money as a paralegal. It is a challenging environment but you will make a good income once you become certified to work as a paralegal and get some good experience. You have to attend college and get at the minimum a two year associates degree.

You will be taking primarily legal based classes. You will have to learn basic legal research and how to brief a law case. The course will also have classes in basic law office management. You will have to have basic computer skills like you would need in an office job. But you will also have to know how to do legal research with the computer.

Years ago legal research was done at the library. Today it is mostly done online. But you need to do that research quickly and efficiently. This is a good career but you will not make a lot of money right away. You need to work your way up the pay scale.

Get to work in any law office you can when you are taking classes. Even if you merely answer the phone you still need to be in the law office environment to start getting experience. Even when you do work as a paralegal you will only make a little more than minimum wage. But you will move up quickly with more experience.

The idea is to make yourself indispensable to the lawyer you are working for. This will lead to your value. This will lead to you charging more for your services. Attorneys rely on their paralegals to do all the work they do not have the time to do.

You can earn more money if you specialize in areas of law. This is what lawyers do. So they need specialist to help them run their office. There is more money in litigation work for the paralegal but there is also more expectations and more pressure. This is for you if you can handle the stress.

You will be in charge for most of the trial preparation. You will be blamed if something goes wrong but you will be praised if it all goes right. The government might also be a place to find work. But the larger the city the more competition there is for these jobs. But if you have the right experience and the right contacts you might be able to land one of these government positions.

You have to know going in that lawyers are not easy to work for. Some have big egos and look down on people who work for them. But you might work for one that respects you a great deal for the work you do. The better you do your job the more likely you will command respect. You might be blamed even if you did everything right. This is just part of the job. But if you can learn to deal with this type of work environment then this might be the job for you. Contact your local education center for more information.

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How to Practice Downsizing Without the Negative Effects

 

When there is a downturn in the economy and sales start to plummet, one of the first things many businesses start to do is downsize in an effort to curb costs. Since the early 1980’s, this has become a common practice for many businesses. The negative effect on employees is one of devastation. Those who survive downsizing tend to lose morale and trust in management. The psychological effect results in anxiety, paranoia that they are next on the list to be laid off, and an overall unhappy work environment. However, there are measures a business can take to reduce the number of layoffs during bad economic times.

The following are a number of tips a business can implement that can reduce the negative effects of large scale downsizing:

1. Companies can use job recruiting services to hire employees who have the skills to meet the company’s long term vision and goals. This will lessen the chances of having employees who are expendable, and then, a less chance that there will be massive layoffs.

2. If the business has a number of different departments, cross-train your staff so that during difficult economic times, they can be moved around to other departments instead of being laid off.

3. When positions within the company open up, hire from within the company. This will ensure that employees get a chance to stay employed, and if there is a concern about near-future economic instability, management does not have to fill the position that the employee left in order to take the new job. As well, managers should periodically assess their career development skill requirements to identify skills that their employees will need to acquire positions that become available. This will allow employees to acquire skills and education to fill positions that become available.

4. Management can work with human resources consulting to identify which employees are ready to move into management positions. When the employee moves up the corporate ladder, management can leave their previous position vacant.

5. Management can offer employees special incentives to come up with new and innovative products and services to market and sell in order to generate more revenue.

6. Management can implement cost saving strategies. This can include: reducing hours during difficult economic times, working a four day week, and laying off employees for a few weeks to save money, but then bring them back to work. As well, when an employee retires, do not fill the position, ask employees to work a few extra hours volunteering, and offer a leave of absence to some employees until the economy starts to recover.

7. Offer employees shares and stocks in the company in return for taking a pay cut.

8. Offer the employees the opportunity to buy into the company and become part owners.

Although downsizing has shown to be an effective way of cutting costs, most companies prefer not to layoff a large number of employees. Fortunately, with a little creativity and good business management plan, a company can take measures to reduce the negative effects of downsizing on employees, the business, and the staff that survive downsizing.

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How to Negotiate Your Salary

 

Introduction

If you are interested in getting a particular job, you know that salary is going to be one of the things that you look at. If you are interested in getting a promotion to a better job with the same employer that you currently work for, you know that salary is going to be one of the things that you look at. If you are interested in becoming a representative for the union that you currently work for, you know once again that negotiating your salary is easily the best thing that you could learn how to do. In all of these cases, the salary is easily something that you can negotiate to a better level than at the start. Here are some tips to help you do just that.

Set Aside Time

A lot of times there are going to be employers that will not take your request for a raise or a renegotiated salary package seriously unless you demonstrate to them that you are indeed serious about it. Popping into your boss’ office for a few moments, asking the question, getting rejected and then taking off is not taking this process seriously. In order to show that you take it seriously, you need to do a lot more than that.

For starters, you can set aside a large block of time in order to go through those negotiations. Make sure that your employer knows that the time is being set aside for that discussion and also make sure that you have an appointment with them for that amount of time so that they know what is coming up. If you do nothing else but this, at least both parties will understand what is happening before things even start.

Ask Questions

Just because your employer says no to your request does not mean that you should get discouraged and despair of ever getting what you want. If they say no to your request after you have laid it out for them, ask questions politely. Try to find out why they said no and try to find out exactly what it is that is keeping them from granting your request. In most cases, there are some things that you can do in order to improve your status with the company before going back and asking again. There is nothing wrong with working towards a goal, but you really do need to know what that goal is before you actually start working towards it.

Keep Working

The worst thing that you can do as an employee is to get bitter when you don’t get what you want. Instead of playing the bitter person, instead play the person that is a company player. Continue doing your work even after getting the no. Show your employer that you are a serious professional that is only asking for what they think they deserve. These types of unspoken messages do have an impact and you will certainly feel it the next time the issue comes up.

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