Career Services Center 261 SCHWARTZ CENTER (330)

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ACADEMIC CAREERS: SALARY NEGOTIATIONS

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Career Services Center 261 SCHWARTZ CENTER (330) 672-2360 WWW.KENT.EDU/CAREER

Career Services Center HOURS Monday Friday 8:00-5:00 Drop-in counseling 11:00-12:30 2:00-4:00 Open during summer

OVERVIEW Different types of interviews Interviewing tips What to Wear/What NOT to Wear Verbal and non-verbal communication Samples questions you may be asked Evaluating a job offer and negotiating salary

INTERVIEWING: DOS AND DON TS

TYPES OF INTERVIEWS Common Types of Interviews: Preliminary or Screening Interview Follow Up Interview or Second/Third Interview Behavioral Interview Telephone Interview Panel Interview Additional Types of Interviews: Group Interview Conversational Interview

ON THE HORIZON A new trend is interviewing on Skype. It saves time and money for companies. Skype allows employers and potential employees to conduct an interview via webcams. Skype

GENERAL RULES FOR INTERVIEWING Be prepared! Know yourself. Know the employer/industry. Before the interview: Confirm interview time, place & with whom (map out route). Bring resume & other relevant materials. Be well groomed, dress neatly and appropriately. Arrive early.

GENERAL RULES FOR INTERVIEWING During the Interview: Be confident and enthusiastic. Relax an interview is a conversation. Listen follow the lead of the interviewer. Ask intelligent questions. Clarify follow-up procedures. After the Interview: Send a thank you letter (within 24 hours is best). Keep records.

THE IMPORTANCE OF NON- VERBAL BEHAVIOR In general, nonverbal cues are 50% of the interview. Non-verbal behavior is observed by the employer and often times reflect the level of confidence, interest, and ability of the person. Non-verbal behavior can be viewed as being both positive and negative. Examples of positive non-verbal behavior include: Leaning forward, sitting with hands, feet, and arms unfolded, smiling appropriately, firm handshake, good eye contact. Examples of negative non-verbal behavior include: Inappropriate facial expression or lack of expression, a weak and ineffectual handshake, lack of eye contact, squirming in the seat or sitting on the edge of the chair, frowning.

A SAMPLING OF INTERVIEW QUESTIONS AND HOW TO RESPOND Tell me about yourself. Reveals what is important to you and how you view yourself. Try to include qualifications for the position. Don t ramble know how to end your response (1-2 minutes). What is your weakness? Everybody has a weakness. Pick a weakness not directly related to any key responsibilities. Turn response into a positive working to improve weakness. Answer is short and to the point.

A SAMPLING OF INTERVIEW QUESTIONS AND HOW TO RESPOND What are your strengths? How do you work under pressure? How do you prioritize? What two or three things are most important to you in your job? Back up your responses with examples. Tailor your responses as much as possible to the position. Why should I hire you? Summarize response effectively pull together major strengths SELL YOURSELF! Tailor response to position and company why should this particular company be interested in you? Know how to end response don t ramble.

CAREER SERVICES CENTER EMPLOYER SURVEY What is your favorite challenging question to ask candidates? What is the toughest personal challenge you have had to overcome? What makes you different from everybody else? What s the most valuable lesson you ve learned so far? What s the biggest mistake you ever made and what did it cost? Who is your personal hero? What else would you like for me to know about you?

BEHAVIOR BASED QUESTIONS Tell me a situation when you had to Past behavior is the best predictor of future behavior. Develop and rehearse your responses. Tell a story explaining the problem, your approach and the results. Use the STAR approach: S: Situation, T: Task, A: Action, R: Result. Incorporate skills and personal attributes into responses.

BEHAVIOR BASED QUESTIONS EXAMPLES Give me an example of a time when you used good judgment and logic in solving a problem. Tell me about a time when you failed and what happened. By examples, convince me that you can adapt to a wide variety of people, situations, and environments. Tell me about a time when you had to work with a client that you didn t like and what happened. Be prepared for questions asking for more detail than you ve already given. Evaluate your background to identify your skills/experience related to the job. Identify 3-5 top selling points attributes that set you apart and be sure you point them out during the interview.

ILLEGAL QUESTIONS Pre-employment questions should focus on functions of the position Pre-employment inquiries about the following are generally not acceptable: Age Arrest record (an arrest is not a conviction of guilt) Children/Pregnancy (or future child-bearing plans) Citizenship/Home Country Religion Medical history, illnesses, diseases, physical/mental impairment Americans with Disability Act Marital Status (and spouse s job) Race/Color/National Origin

QUESTIONS TO ASK THE INTERVIEWER You are interviewing the organization just as much as they are interviewing you! It s about the right fit!

QUESTIONS TO ASK THE INTERVIEWER How will I receive feedback about my performance, and how often? How did this position become available? How is the orientation and training structured/how much training? What are some of the biggest challenges the organization faces? What are you looking for in a candidate? What do you like about working here? What would be expected of me in the first 90 days on the job? What is the next step in the selection process?

COMMON REASONS FOR APPLICANT REJECTION Poor appearance Poor voice, diction, grammar Little enthusiasm, passive, indifferent Evades, hedges unfavorable factors Late for interview, disrespectful Talks too much, rambles Unable to handle silence Negative attitude Lack of extracurricular involvement Couldn t sell him/herself to the employer

COMMON REASONS FOR APPLICANT REJECTION Overbearing, aggressive Lack of purpose, career goals Unwilling to start at the bottom Lack of courtesy, proper etiquette Poor eye contact, extreme nervousness Lack of poise, lack of confidence Condemnation of previous employer Lack of leadership skills Didn t ask for the job Talked about salary

INTERVIEW APPAREL MEN Dark suits, properly fitted Dark dress shoes, polished (no loafers) Dark dress socks Conservative neck tie Dress watch No earrings or other jewelry Well-groomed facial hair No long side burns or long hair Nails trim and clean WOMEN Dark coordinated suits, properly fitted Skirt length no more than one inch above the knee Polished matching dress shoes with moderate heel (no open toe) Neutral colored hose Hair past shoulder length pulled away from face Minimal, conservative jewelry Natural looking make-up

INTERVIEW APPAREL Both MEN and WOMEN No visible tattoos No heavy cologne/perfume No visible body piercing No purple, green, orange, etc. colored hair Fresh breath Freshly bathed/showered (use deodorant) Freshly pressed clothing

I When in doubt go conservative Stand out for the RIGHT reasons!

HOW TO NEGOTIATE A BETTER SALARY

JOB OFFER You just received a job offer but the salary isn t exactly what you hoped for. What do you do? Should you negotiate a higher salary? 26

YES YOU SHOULD NEGOTIATE!!!! Feel anxious about it? Not sure what to start with? 28

WHY NEGOTIATION IS IMPORTANT Level of salary offered is predictor of level of responsibility within company. Future salaries, increases and bonuses based on this one increase of $1,000 in negotiated salary may represent $15,000 to $30,000 over next 10 to 15 years. Most employers expect you to negotiate. Negotiate with professionalism, tact, and goodwill. Salary negotiation is a process where one person negotiates amount of pay, earnings, salary, wages, bonuses, benefits, perks, annual review, or salary raise with another person. 29

SALARY NEGOTIATION Salaries depend on a number of factors, including size of employer and its current level of success where company is located your professional level (BBA, MBA, Ph.D, years of experience, job function) your previous work experience particular skills you bring to the job Salary represents only part of overall compensation. Employers may not make adjustments in base pay, but may negotiate benefits to help make up difference. 31

SALARY NEGOTIATION CareerBuilder.com surveyed 875 hiring managers and found that Over 60% of managers leave some room for offer negotiation A SHRM survey found 8 out of 10 recruiters willing to negotiate salary and benefits, yet only 33% of applicants negotiate. Managers want to hear candidates explain why they're worth more by highlighting specific accomplishments. Employer Negotiate Firm Offer Candidate Negotiates No Negotiation 32

KEYS TO SUCCESSFUL NEGOTIATION Know your own value: Highlight your strengths so that you can effectively communicate. Narrow down to three. Learn how to articulate your qualities. What are your accomplishments? What do you offer the company? Know your priorities: What are your personal priorities? What is nonnegotiable? What will make you say, no matter how good this job is, I can t take this level of pay? For some people, it s time-off or flexibility. You can make money, but, if something is not acceptable, then you won t be happy. How much you want this job mitigates some hard negotiating that you have to do. Be true to yourself, your family, and what you want, so when you get an offer, you can weigh it against all that. 33

KEYS TO SUCCESSFUL NEGOTIATION Prepare Make Assessment of Your Skills and Experience Make a Salary Negotiation Checklist Determine Your Own Salary Range Negotiate Listen/Evaluate the Overall Offer Offer Options Utilizing Three T s Close Negotiation on a Positive Note Ask for Contract in Writing 34

PREPARE Make Assessment of Your Skills and Experience What Do You Offer? Education, Special Training What Makes You Stand Out Compared with Others? What Employer Will Gain By Hiring You? 35

PREPARE What are your expenses? Rent/Utilities School Loans Food Costs Transportation Insurance Childcare Clothing Entertainment 36

Compensation Salary Bonuses Relocation MAKE A SALARY NEGOTIATION CHECKLIST Ideal Offered Acceptable Comments etc Paid Leave Vacation/PTO Maternity/Paternity Leave etc Benefits Retirement/401K Care Plans (child/elderly) Insurance (health, life, disability) etc Perks Parking Blackberry etc 37

PREPARE Predetermine Your Salary Range When asked, How much do you want? You want to answer with a range NOT a single figure You dramatically increase the chances that your salary range and the range the employer is willing to offer will overlap This puts you in a great position for negotiation Yate, M. (2013). How to answer How much do you want. Martin Yate s Knock Em Dead. Retrieved from: http://blog.knockemdead.com/2013/01/how-to-answer-how-much-do-youwant.html?goback=%2egde_983057_member_208829705 38

PREPARE How to Determine Your Salary Range in 3 Steps 1: Determine the LEAST amount you need to put food on the table and roof over your head Using the Salary Checklist and Listing out all of your expenses 2: Determine what would constitute a fair offer for a suitable job with a stable company Research what your skills are worth: Google salary calculator and salary report Determine the correct job title and compare your experience to those in the same field Yate, M. (2013). How to answer How much do you want. Martin Yate s Knock Em Dead. Retrieved from: http://blog.knockemdead.com/2013/01/how-to-answer-how-much-do-youwant.html?goback=%2egde_983057_member_208829705 39

PREPARE How to Determine Your Salary Range in 3 Steps 3: Come up with 3 salary numbers: minimum, midpoint and a dream salary (one that would make you drop dead, make you happy, or go to heaven) THEN kick out the lowest number (it is always easier to negotiate downwards) Now you have a range to present employers with when asked: Your Midpoint -Your High Point Yate, M. (2013). How to answer How much do you want. Martin Yate s Knock Em Dead. Retrieved from: http://blog.knockemdead.com/2013/01/how-to-answer-how-much-do-youwant.html?goback=%2egde_983057_member_208829705 40

NEGOTIATE Prepare Options (your range) Have options and alternatives to reduce defensiveness and to lead to positive resolution for all. Having options reduces the risk of asking for too much or accepting too little too soon Listen Negotiation requires persuasion and listening to others. Don t miss information vital to negotiation. 41

Evaluate Overall Offer NEGOTIATE Hiring or Signing Bonus Benefits Location Relocation Assistance Cost of Living Commute Time Cost of Commuting Opportunities for Professional Growth Opportunities for Family 42

SUCCESSFUL NEGOTIATION Three T s Tone Tactics Tips 43

THE THREE T S Tone Be positive! Discuss you qualifications and the employer s needs Be Persuasive Clearly articulate your value repeatedly Use research to demonstrate your interest in the position Be Flexible Know the difference between what you WANT (target salary) and what you NEED (minimum salary) Brainstorm ways to meet your goals AND their needs 44

THE THREE T S Tactics Avoid being FIRST: To discuss salary before the job offer is made To name a figure after you ve received the offer To name a salary figure once negotiation has begun Anticipate the employer s needs Demonstrate your value to the employer How will you contribute to their profitability 45

THE THREE T S Tactics Use phrases like: If I m qualified, which I believe I am because of A, B, and C So given these matching skills and requirements, I m sure you ll make me a fair offer. By the way, what is the salary range for this position? I ll consider any reasonable offer. You know better than I what the job is worth. My research tells me that someone with my skills, education, and qualifications doing this job earns between and with a median salary of. What is your offer? 46

THE THREE T S Tactics If any part of their range intersects with yours, Reply: Excellent! We certainly have something to talk about because I was looking for between $x and $y. How much flexibility is there? If they decline to share their range and ask you again what you are looking for, then provide them your predetermined salary range from Midpoint High Point 47

THE THREE T S Tips Sell yourself Anticipate objections Don t get personal Remember salary is based on four things: Assessment of your capabilities Employer s budget Market rates for the job Your ability to negotiate 48

HOW TO COUNTER A JOB OFFER The first offer that is put on the table is usually fairly close to the final offer Avoid being overly pushy during negotiations which could sour their opinion BUT an offer on the table means that the hiring manager is interested in hiring you, SO negotiate with good faith and expect good faith in return Start by thanking manager for offer and say you are looking forward to accepting it because you are excited about contributions you ll make. 49

HOW TO COUNTER A JOB OFFER Say something like The terms you have described in the offer are acceptable, with a few minor changes. Outline offered compensation package and your suggested changes: $75 K: Research I ve done suggests that similar positions pay in $76-85K range. Relocation Package: Moving from Florida to California will require.. Perks: To make my work more effective I d like to telecommute once a week. End with a positive and firm statement: If you could make these modest improvements to your offer, my performance will show you a marked return. I am prepared to use my skills and experience in marketing to increase profitability of your division. 50

CLOSE NEGOTIATION ON A POSITIVE NOTE In a successful negotiation, everyone wins. Objective should be mutual agreement. 51

IN SUMMARY Be Enthusiastic, Professional, Ethical, and Realistic. Prepare. What makes you special? Tell it! Write it! Evaluate the offer, beyond compensation Remember, money is important, but your career trajectory is MORE important Negotiate! Ask Offer in Writing and Read Contract Carefully. Be Grateful and True to Yourself. End Negotiation in a Positive Tone. 52

FINAL REMARKS Negotiate based on cost of living in city you will be working in. Check Cost-of-Living Wizard. Study salaries of comparable jobs with similar companies. Knowing what you re worth will strengthen your negotiating position. Learn how to adjust to your new job. 59

Q&A 60