Quintessential Careers Salary Tutorial Quiz
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Follow along with salary guru Jack Chapman as he takes you throught 28 questions
about salary negotiation -- with answers and additional resources and detailed
information to assist you.
TRUE or FALSE?
Ordinary workers have to
accept what the employer offers, or the employer will pick the next person in line .
Even college students
with no work history should negotiate .
You should discuss
salary at a campus interview .
The key to winning in
salary negotiations is timing .
It's best to postpone
salary discussion as long as you can .
By delaying salary
negotiations, you get a chance with the employer to establish your value first .
Most employers
will not insist on knowing salary expectations .
The best time to
negotiate is when employer is ready to make the first offer .
The postponing rule
does not apply to recruiters and head-hunters .
By revealing your
salary info to an employer early in the process, you establish that you are a cooperative candidate .
The Salary Coach's SALARY
MAKING RULE 1 is: Postpone salary talk until there's an offer .
When it is, finally time to
negotiate, the person who speaks first loses, so let the employer go first .
Who goes first in salary
negotiation depends on how much risk you want to take .
The Salary Coach's
SALARY MAKING RULE 2 is: To be safe, let the employer go first .
When you hear the first job
offer, repeat the number and be quiet. That's called The Flinch .
The Salary Coach's SALARY
MAKING RULE 3 is: Repeat the offer and be quiet .
After receiving the job offer,
silently compare it to the three numbers you prepared before the interview .
The Ideal salary number is the
highest you think the employer is likely to offer you .
Your No-Go salary number
needs to be firm and clear before you start the negotiations .
Your Satisfactory number is
a range and it's where you think compensation is likely to end up .
The Salary Coach's
SALARY MAKING RULE 4 is: Respond with your researched Market Value .
Your researched Market
Value takes into account 3 numbers .
The second factor in
calculating your Market Value is Individual Value .
The third factor in
calculating your Market Value is Risk Factor Dollars .
Benefits and perks
can make the difference between accepting and rejecting an offer .
Make sure you cover all
the benefits and perks in the negotiating session so you can wrap up the deal .
The Salary Coach's
SALARY MAKING RULE 5 is: Clinch the deal and deal some more .
We've covered the
critical Salary Coach's SALARY MAKING RULES .
Evaluate the Entire
Compensation Package .
Some Additional
Salary Negotiation Resources .
Have you checked out the rest of the great free
career and job-related tutorials
offered on Quintessential Careers?