How to negotiate your salary and other compensation like a pro cover art

How to negotiate your salary and other compensation like a pro

How to negotiate your salary and other compensation like a pro

Listen for free

View show details

About this listen

Stop leaving thousands on the table! Recruiters expect you to negotiate your total compensation, one some of which is your salary or wages. Learn the insider secrets now. On this episode of the From Dorms to Desks Podcast, we expose the number one amateur mistake made by emerging talent: focusing only on base salary. Base pay is the most rigid component, so you must strategically negotiate your Total Compensation, which is the holistic valuation encompassing cash, long-term assets, and valuable perks. We discuss the excellent work of former talent acquisition executive, Julia Levy, who shares the non-negotiable secrets of how recruiters think. She explains that the initial offer is just a starting point, and your counter-proposal tests your financial sophistication. Learn to calculate the value of Variable Compensation, which includes negotiable elements like the sign-on bonus—a key leverage point for new graduates that does not impact the long-term operational budget. Additionally, understand how to assign a dollar value to Intrinsic Compensation, like a 401(k) match, which is literally free money, and health insurance premiums, where a robust plan can be equivalent to a six thousand dollar raise in base salary. To justify your request, use your negotiation currency: quantifiable impact, framed by the A plus Q Formula (Action Verb plus Quantifiable Result), proving the Return on Investment you will deliver. Before accepting, take up to forty-eight hours to craft a polite, strategic email focusing your asks on realistic wins like the sign-on bonus, a dedicated Learning and Development budget, or increased Paid Time Off. Secure your asset; do not just take the paycheck.
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.