Wednesday, April 15, 2020
Salary Offers Heres How to Negotiate a Big Pay Increase
Salary Offers Here's How to Negotiate a Big Pay Increase Clare Klemmer is not lacking in confidence. The 26-year-old New Yorker is exuberant, self-assured, and funnyâ"until it comes to asking her employer for more money. Her financial shyness puts her smack in the majority of professional women who neither earn nor ask for as much money as their male colleagues. Half of men negotiate salary offers, compared with only 12% of women. Thatâs one reason why the gender pay gap is only slightly narrower today than it was a decade ago; men currently earn 21% more than women, according to the Institute for Womenâs Policy Research. Klemmer, who has worked on the accounting side of media and advertising since graduating from college five years ago, was flattered when she got a call last August for a job interview. The timing was perfect. Sheâd been with the same agency for almost three years and was itching for a change. âThere wasnât room for me to grow at my old job. I felt like I was rotting there.â But her excitement was laced with anxiety. Klemmer had only ever held two ârealâ jobs in her life and in both cases, sheâd sought out the positions. Now she was the one being pursued, putting her in the driverâs seat. She could ask for significantly more money than she was making now. But she had no idea how to do that. Read next: The 21 Most Valuable Career Skills Now Fortunately, she had one of those confident professional men in her life: her boyfriend.âTheyâre the ones who want you,â he told her. âSo you go in there and say, âI have this figure in mind.ââ Sure enough, when the interviewer asked her salary requirement, Klemmer was prepared: she asked for $75,000, more than a $10,000 increase (depending on bonus) over her current salary. âBefore my boyfriend coached me,â she acknowledges, âI would have answered, âWhatever.ââ Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEn d of dialog window.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. But her âcoachâ pushed her even further. âAsk for more,â he insisted. By the time Klemmer was called in for a second interview, her future boss had already shown obvious eagerness for her to become part of a new team he was forming. Klemmer used that information to her advantage. She announced she wanted to make âin the $80,000-$85,000 range.â To support the higher ask, Klemmer parlayed a rumor into a kind of counter offer: her current company was likely to be sold. That meant if she stayed there, she was in a position to net a tidy sum. The reason Klemmer expressed her new salary requirement in terms of a range, she explains, was âbecause it just made saying it easier. What I was really saying was, Iâll take $80,000 but if you want to show me how much you want me, youâll give me a little more.â Read next: Why You Should Negotiate Your First Salary In a matter of days, Klemmer received a call with a new offer: $80,000. Not quite what sheâd hoped. But since her increasing salary requests had been met twice already, she figured, why not go for a third round, for âjust a little bit more.â Armed with more confidence than when sheâd started, Klemmer said, âMake it $82,000 and Iâll come over and start right away.â Her future employer âwas kind of surprised,â Klemmer recalled. âHe called me âa spitfireâ and said heâd get back to me.â Uh-oh, she wondered, have I gone too far? But âthat little bit more was less about the money than it was about me,â she said. âIf he gave it to me, it would make me feel I like Iâd won the negotiation.â Ten minutes later Klemmer received a simple text, âYes.â Three months into her new job, Klemmer thinks sheâs worth every penny.
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