While it is well known that the American economy is in the middle of a financial downturn, and that economic slowdown is having an effect in trading partners, recent studies have shown that with many employers there is still room for negotiating your salary.
Just be aware of this, and make sure you know your strategic plan when it comes to approaching salary negotiation. These are sensitive times, and you need to have a modicum of tact when dealing with this subject.
Don’t shy away from salary negotiation if it is the right time for you. While many companies are slowing down or reducing staff levels, other companies are in need of top talent. You should keep this in mind. There is still an opportunity to discuss salary with your employer, or to negotiate your salary offer with new employers.
By negotiating salary, you are standing up for your rights and standing up for what your believe in. By standing up for yourself you are asserting the value of your skills and setting expectations in the employer that the market will support your salary request. Make sure you’ve done your market research homework in order to support this.
Be tactful in the salary negotiation approach you use. Employers will respect the fact that you’ve approached them with a less intensive approach. It is not the time to play the tough guy when it comes to salary negotiation, unless you are one of the few elite staff that can achieve top dollar increases in this challenging economic time.
Salary negotiation in these times is still an option. Not only that, but if you find yourself in the unfortunate circumstance of being between jobs, salary negotiation skills and strategies are of critical importance to you.
Remember, don’t dismiss the notion of negotiating your salary just because the economy is on the edge of a recession. On the contrary, look for the most suitable approach, do some market research and build your supportive case.
The best of luck to you in your salary negotiation plan.
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