Monday, January 21, 2008

Maximizing a Salary Offer

Featured Article and Career Coach: Meg Montford, MCCC

It's a proven fact: To return to work following a layoff, you may have to accept a lower salary than the one you enjoyed in your previous position. However, there are a few strategies to employ to try to boost your financial point of entry.

-Take some time to consider any salary offer. Ask for at least 24 to 48 hours. Silence is golden - or it can become so when you let it "hang" there awhile following an initial offer. Don't rush to fill the quiet void.

- Weigh any offer against the company's expectations of you in the position rather than your personal needs. The company has put itself on the line with its offer. Rest assured they have a cap, but you may have some wiggle room based upon how much value the company perceives you can bring them.

- Prior to any job interview, compare salaries for similar positions. Websites such as Salary.com offer tools for research. Knowing your own worth, and why a company would want to hire you, gives you bargaining power. A salary offer itself is testament to the fact that the company perceives your value. [read more...]

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