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It's About That Time for... Salary Negotiations
The question of "How do I negotiate my offer and salary?" is coming up more and more -- but don't fret if you're not there yet!
Salary negotiation is important as it can affect your long-term career salary outcomes. Note that even one or two thousand dollars can make a difference over the years. See the difference of $5,000.
You start with a starting Salary of $50,000. After two years, you get a 5% raise which takes you to $52,500. After two more years, you get a promotion with a 7% salary increase taking you to a salary of $56,175.
If you negotiated a salary of $55,000, after four years with the same raises, you would be making $61,793. So not only are you making more initially, but you'll make more money cumulatively in the long run.
Just this week, SI Career Services hosted UM Career Center's staff Paula Wishart for a presentation on this very topic. You can see her presentation at this link. However, without Paula with you to fill in the gaps, you may want to read up on this topic or talk to a SI Career Services staff person on how to make an opportunity to negotiate work for you.
Click on this link to get step by step instructions on how to negotiate your next salary offer.
Or... check out these links for more information...
http://www.salary.com/personal/layoutscripts/psnl_articles.asp?tab=psn&cat=cat011&ser=ser031&part=par186
http://www.quintcareers.com/salary_negotiation.html
http://jobsearch.about.com/od/salaryinformation/a/salarynegotiat.htm
Posted by kkowatch at March 5, 2009 11:27 AM
