You have finally been offered the job you want, the only problem is the salary isn't quite what you were expecting.
Most recruiters leave some room for negotiating the package but it's a delicate process. As David Hughes from ECG points out - demand too much and you might not get the job or over inflate your new employer's expectations. But settling for too little will also affect the way they think about you: finding the correct level can be tricky.
Do:
• Go back to the career plan you set yourself when you started job hunting. Does this job fit into the plan and if not do you really want it?
• Work out what you need in terms of salary to make the job worthwhile or even affordable. Don't forget extra costs you might incur from changing jobs such as the cost of commuting to work, loss of company pension, childcare, relocation
• If you are expecting your new employer to match or improve on your existing earnings then include all your benefits plus imminent bonuses or pay rises when calculating your current salary
• Be prepared to negotiate on some of the benefits - for example, if you don't want the car, then can you have a cash equivalent instead? Some firms are flexible about other benefits too. Research from Hewitt Associates suggests that two in three employers either operate a flexible benefits policy or are considering it
• If you have to move house to take the job, ask if there is any money for relocation, even if it has not been mentioned
• Ask your prospective employer to honour any holiday you have booked
• Be realistic about salary offers - ask for much more than the original offer and you appear greedy and out of touch
• If you think another, preferable job offer is imminent then you need to buy time without annoying possible employers. Tell your preferred employer about this job offer - it could help them speed up a decision, although not necessarily in your favour
• Be fair to your current employer when negotiating a leaving date. You may want a route back in if the new job goes pear-shaped
Don't:
• Resign until you have an offer you can accept in writing
• Forget that it will still be dependent on good references - usually from your current boss
• Lie about your current salary. A new employer can find out your real worth from your P45
• Take the first thing that comes your way. If you are in a position to turn it down and have any doubts about the job then don't take it. If you feel you must take the job, then don't be surprised if you have to start the job hunting all over again in a few months
Sources:
Chartered Institute of Personnel and Development: www.cipd.co.uk
Industrial Relations Services: http://www.irseclipse.co.uk
Selby Millsmith: www.selbymillsmith.com
Executive Connections Group: www.executive-connections.co.uk
Hewitt Associates: www.hewittassoc.com
Source: Flight International