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Transcript of Salary Negotiation
Why Negotiate Your Salary?
Negotiating a Benefits Package
Overall, a benefits package can make up
30% of your salary.
Negotiating a Promotion
Average cost for a company to replace a quality worker is $150,000
Establishing Gender Bias
By: Troy Monson, Eric Zager, Adam Parker, and Jakob Manska
How to more effectively negotiate
Why to negotiate a benefits package?
Salary is lower than expected
Experience with the company
Over 20 different benefits!
Dental, Health, and Life Insurance
Varies depending on employer
Questions to ask:
-What does the policy cover?
-How much is the premium or copay?
-Who's covered under the plan?
Two weeks vacation is common
-More experience = more time off
Early Performance Review
Negotiate an initial review for six or nine months
Job-seekers who changed jobs and negotiated their salary, netted a mean increase of 14%
Get What You Deserve!
Asking for a promotion
You already got the promotion.
to do is often more important
What to do/Self Promotion
Do you Deserve it?
Employers may not negotiate salary for entry-level positions
Research salary websites
Use Linked-in as a source
Talk to recruiters
Got the Promotion
Preparing for promotion negotiations is different than first job
What's currently going on in the company
You are in the Drivers seat
Be confident in yourself
Ditch the myth
No ones perfect
85% of people to negotiate salary
increased their pay or benefits
How to Handle Negotiations
How do I start negotiating?
How do I handle their offer?
How do I make a counter proposal?
MN Fact: 64% of full-time employees are offered contribution plans, while only 15.6% are offered benefit plans