Salary
Should I Negotiate
My Salary? | Discussing Salary
Expectations |
How Do I Find Out What The Salary
Range Is? | What Can I Negotiate
Besides Salary? |
The Exploding Offer | What If I Accept An Offer Then
Change My Mind?
Should I Negotiate My Salary?
You are not expected or obligated to negotiate salary.
In fact, you should not negotiate simply for the sake of
negotiating. In most cases, employers hiring undergraduates
for entry level positions offer salaries that are pre-determined
and are not usually negotiable.
However, there are a few factors that may affect your
ability to negotiate your salary as a new college graduate.
It's critical that you assess your position when determining
whether or not you will negotiate your salary and benefit
package.
For example:
- What is the job market like upon your graduation?
- Is there a shortage of labor?
- Are there fewer jobs than applicants?
- How much relevant experience do you have?
- Have you had an internship that is directly applicable
to the position that you're applying for?
- Have you been tremendously active playing a leadership
role in clubs and on-campus organizations?
- Does the University that you're graduating from carry
a strong reputation in the area that you're attempting
to gain employment?
- Is your G.P.A. impressive?
- Are you their prize candidate?
- How does the offer that is being made to you compare
to similar ones being made to your classmates?
Your negotiating power will increase as your career progresses.
As you build your portfolio of skills and accomplishments,
you'll have more to offer an organization. In turn, they'll
be willing to negotiate your salary depending on their
immediate need for your skills and the estimated value
of these skills to their company.
A Note About Government/Non-Profit Organizations
Government and nonprofit employers usually have less room
to negotiate salaries. Government salaries are based upon
education and experience, and publicized on the job announcement.
Benefits packages are often very comprehensive and may
amount to 20-30% of your salary.
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Discussing Salary
Expectations
If at all possible, put off discussing your salary during
the initial interviews. As the person applying for the
position, you want to make sure that you get market value
for the work that you will be doing for the potential employer.
Option 1: Turn the question around and
ask what the hiring range is for the position. This way
you don't under or over value yourself for the position.
Option 2: Let them know that,
while money is important, it's more important for you to
learn more about the company and the position in order
to determine if you are a good fit. After you learn more
about the position you'll be more prepared to answer the
question.
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How Do I Find
Out What The Salary Range Is?
Research, research and research! Generally, salary ranges
are not the easiest data to uncover. It's relatively feasible
to find nationally reported salary levels for specific
industries and functions. However, finding more specific
regional salary data can require some creative research.
The following resources can be helpful to you:
- Talk with your career counselor, who is familiar with
employment salary trends
- Current job listings on GatorJOBS / MonsterTRAK.com provide
current, comparable salaries
- Professional associations often conduct salary surveys
or have information about local salaries..
- Websites such as Jobstar.org and Salary.com.
SF State Library also has a plethora of resources for
career research, including resources for salary and wage
information for a variety of occupations and professions.
Visit the SF State library reference section for assistance.
A list of SF
State Library career sources can be found on the internet.
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What Can I Negotiate Besides Salary?
If the salary that is offered to you is firm, there are
other parts of a compensation package that you may be able
to negotiate.
Start date
If possible, work in a vacation before you start work.
It may be many months or an entire year before you'll be
able to take vacation time from your new job.
Vacation
Many employers are quite generous with vacation these
days. As a new employee, however, you are lower on the seniority list, in terms of how much vacation
you'll accrue and in terms of choices for vacation dates.
If you and your family are planning an extended Christmas
vacation this year negotiate the time off before you accept
an offer.
Signing bonus
This is a one-time cash bonus received when you start
working.
Early performance review and salary review
If your employer is unable or unwilling to raise your
base salary upon hiring, ask for an early review of your
performance. Performance evaluations generally take place
once a year. An early evaluation period might take place
at the six-month mark. Once you've demonstrated your skill
level and what an asset you are to the organization, the
employer may adjust your salary level during your six month
evaluation.
Relocation Expenses
These are expense incurred for moving and may be reimbursable.
Flextime
Non-standard work hours can help lessen commute time and
accommodate other interests.
Performance Bonus
Generally a percentage of your base salary that is received
at the end of the year and is based upon your performance
or the organization's performance.
Professional Development
If you want to stay current or advance in your field,
ask your employer for professional dues, conference fees
or continued education costs.
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The Exploding Offer
Exploding offers are those with "short fuse" deadlines.
Employers may attempt to pressure you into accepting their
offer immediately, thereby lessening the opportunity for
competing offers. For example, your signing bonus may disappear
if you do not sign within 24 hours, and the offer is rescinded
if you do not accept with in 48 hours. In a tight market,
employers may use these questionable tactics. If you ask
for more time, some employers may extend more time, others
definitely will not.
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What If I Accept An Offer And
Then Change My Mind?
Do not accept an offer before you are ready. If you are
being pressured to accept and the employer is firm about
needing to know before you're ready, seriously consider
listening to your hesitancy and turning the offer down.
Acceptance of an employment offer should be made in good
faith and with the sincere intention to honor the commitment.
Once you make a commitment to start the job, it would be
viewed as unprofessional and unethical to renege on your
commitment.
Furthermore, once you accept a job offer you should stop
all other interviewing. If you find yourself in an ethical
dilemma about having accepted a position and realizing
that it wasn't the best decision for you, please discuss
this with a career counselor.
The Bottom Line
If you've received a job offer from an employer that you
feel is a good fit for you and a place where you'll develop
new skills and continue to develop, don't let the job offer
itself stop you from taking advantage of a great opportunity.
Use tact and professionalism to present your case to the
employer in an attempt to increase your salary and/or benefits.
However, if the employer is unable to alter the offer,
know that you did your research, presented your case and
learned a negotiating skill that you'll continue to use
throughout your career.
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