3 Tips for Employment Negotiations
Negotiating your employment contract is a critical skill to develop over your career. Learning these skills can help you get better pay and work life balance over your lifetime.
Tip 1 – Be Prepared
More than any other piece of advice being prepared is of utmost importance when preparing to negotiate your employment contract. The more information you have on the company, industry, specific role and the demand, supply for your skills is the best advantage you can have for when negotiations start.
Tip 2 – Understand Your Needs and The Employers Needs
Like any other type of negotiation be prepared for trade offs when discussing your employment contract. Maybe the company can not afford your salary expectation but can offer more holidays or a flexible work schedule. Having already thought about what it is important to you (maximizing income, work life balance, holidays, stress level) and those of the employer (costs, results, work culture etc) can give an advantage in working towards the best overall work contract.
Tip 3- Remember Employment is an ongoing Relationship
Negotiating to get into the company is the first step in your relationship with that company and your future colleagues, boss, subordinates etc. Negotiate too softly and you are disadvantaged throughout your career, push too hard and you can add strain to the relationship before you even begin working. Remember the relationship is ongoing so sometimes it is best to negotiate for a future review once you have started and have experienced the work culture, the expectation on results and the industry. As always the employer/employee relationship is a two way street and ultimately your experience in the workplace is best when all parties are happy with the employment contract.