05/26/2023
Project: Job Search QuickStart Guide
Class 10 » Negotiating and Probation Period
To do:
- Do your research.
- Know what you are worth and what the market pays for
similar positions at similar companies.
- Have list in front of you of what you will bring to the
company.
- Prepare mentally and practice with a friend or loved one.
- Be friendly throughout the process.
- Try to get a win-win but don’t pull them over the table.
- Ask for flexibility on other compensation.
- Ensure the written offer includes everything that was
agreed.
- Be on your best behavior during the probation period.
- Make all efforts to be liked, fit in and help out.
Your Negotiating and Probation Period activity should:
• Help you learn negotiate like a pro.
• Be knowledgeable about what comp is fair.
• Help you make it through the probation period.
How to:
1. During the interviewing stage, research a typical salary range for the role on sites like Salary.com, salaryexpert.com, payscale.com and check the latest Robert Half Salary Survey. Factor in your experience level and which part of the country you live in. Plan to ask towards the top of the range, but make it a specific number, think $89,250, not $89,000. This gives the impression that you've really done your homework and makes them less likely to propose a number drastically lower.
2. Be prepared for questions that can throw you off balance or cause you to inadvertently give away some of your negotiating power, like “Are we your top choice?” or “Are you considering any other offers?” Always answer honestly — don't invent other offers in an effort to create a sense of urgency, but prepare in advance so your answer supports you in your demands and doesn't do anything to harm your negotiating power.
3. When the offer comes in, ask for a day to think about it. This is a big decision, and though they're probably anxious to get you started, it is perfectly understandable and acceptable to ask for time to carefully consider their offer.
4. Beyond your base salary, remember there are lots of other things you can negotiate for such as flex time, signing bonus and office location.
5. Choose one or two aspects of compensation that are most important to you can focus on negotiating those. Don't haggle over less important things.
6. Before you respond, it pays to practice the conversation with a friend or loved one. Try to anticipate questions and comments your potential employer or boss will likely have and be prepared to respond to them.
7. Before you head into negotiations, know your adversary. Understand the function of the person you're negotiating with. Someone from HR will be very different than your prospective boss, who in turn will be very different from the owner of the company.
8. Figure out where they do and don't have leeway. HR will have the most constraints and less discretion with your requests. A future boss who really wants you on her team will have somewhat more. The owner of the company will have the most power to give you what you're asking for.
9. Make sure you can justify any demand you make. But when justifying your number, don't use personal reasons like “my child needs braces” or “my mortgage just jumped x%”. Instead, keep selling yourself and focus on the value you're bringing to the role, your experience, expertise and skills.
10. After you've taken your day or two to consider the offer it will be time for final negotiations. These might take place in person, over the phone or via email. However this is done, be sure to take notes.
11. To gather courage and perspective prior to negotiating, it might help to pretend you are an outsider advising yourself as to what you're worth and why.
12. As long as you are respectful throughout the process, they should have no reason to resent your efforts at negotiating a better comp package for yourself.
13. Ask the right questions in the right order. Start with a couple of easy questions to put them at ease. These should be clarification questions, not things you are necessarily going to negotiate on. Like “Who would I report to?”, “When does the company begin matching my 401k contributions?”, or “Does the company have a dental plan?”
14. Follow up that tough question with another easy one. Then finish up with another tough one.
15. This pattern of easy, easy, tough, easy, tough is designed to cushion the blows of the tougher aspects of negotiations.
16. Once you've put them at ease with your first and second questions it's time to hit them with the biggie. Your third question should be about the thing that is most important to you; your top priority. Is it your base salary? Bonus plan? Flex time? Work from home? Ask for what you most want, what you feel is fair to you and to them, aiming a little high so they can come back slightly lower and still meet your requirements.
17. When you respond to their number, ask a little higher than where you'd like to settle to give room for negotiating down on their side. Then, use the power of silence.
18. Once you've stated your number, sit quietly and wait for their response. Job seekers tend to get nervous and try to soften the statement by offering up what they're willing to forego in order to make the number more palatable. Instead, sit tight and don't negotiate against yourself.
19. Similarly, when they've put a number out there, you can again use silence to your advantage. Once they've said it use non-verbal communication to convey that you are thinking about what they've offered: say “hmmm”, furrow your brow, jot down a couple of notes. In this case, they may get nervous and start bolstering their offer by trying to make it seem more attractive to you.
20. There are two main ways to fumble negotiations: Under-negotiating or over-negotiating.
21. If you tend to over negotiate: Stay likeable through this process. You don't want to negotiate so aggressively that once the number is agreed on you've created ill will and/or impossible expectations.
22. You want to ask for what you're worth but avoid creating the impression that you are petty, greedy or arrogant.
23. Manage your tone and attitude throughout the process, making sure you negotiate with respect.
24. While negotiating for the highest salary possible might seem like the best goal, it should actually be to end up at a comp package that is fair on both sides.
25. The salary spreadsheet that HR and financial management refer to probably shows base comp, so negotiating other things, especially intangibles like office location and an early review, can have lots of value that won't come back to haunt you when cuts must be made.
26. If you tend to under negotiate: Remember, negotiating is not only acceptable, it is expected.
27. At the end of your negotiating meeting, ask for the final, negotiated package in writing.
28. Check their written recap against the notes you've taken to make sure nothing has been left out or changed from what was agreed upon.
29. Congrats, you’ve been hired!
30. For the first month, 3 months, six months – however long you're in the probation period, you've got to prove that you are not only capable of performing the tasks required, you must also demonstrate that you're a good fit personality-wise with your coworkers.
31. Stay on your best behavior during this time.
32. Don't get lazy in terms of appearance or punctuality. You are in the spotlight during the probation period, so any slip ups will be noticed.
33. This is not the time to ask for or expect any special treatment like leaving early for a doctor's appointment or taking a personal day off. If at all possible, don't even call in sick during this time.
34. Know the rules. If they've provided an employee handbook or welcome pack, read through it to make sure you know what is expected of all employees.
35. Be generous with your time. The opinion they form of you during this initial time will be very hard to change for better or worse, so make sure it's a good one. After your probation period is over it will be much easier to take a morning off or get away with dressing down a bit.
36. If it is part of your responsibilities, make sure you know the lay of the land before you start making big changes.
37. Make sure you have the support of key players and listen carefully to the requests of those who are in a position to fire you. Know their biggest motivators and aim to help them accomplish their departmental goals.
38. One of the most important things to get right during this time is personality fit. Many mistakes can be forgiven if the team likes working with you, so make the effort to get to know them.
39. Take an interest in your co-workers, what they contribute and help them out when possible. Don't be standoffish, condescending or aloof.
40. Join in out of office activities like after work drinks but make sure you don't go overboard with the drinking or do anything that could come back and bite you in the butt the next morning.
41. Ingratiate yourself with your new boss. Check in after the first two weeks – find out what you're doing well, what needs work, anything coming up that you should be aware of.
42. Make sure you're getting the training you need and that was promised to you. If you're not, meet with your boss and politely offer to work with them to get the training underway.
43. Be polite when asking for clarification or guidance. Make sure it doesn't come across as accusatory or whining.
44. Try to get into the office before your boss and then stay a little later than most of your co-workers.
45. Be upfront with your boss and acknowledge mistakes. Then do what you can to help fix them.
46. Remember that the probation period goes both ways. If the job turns out not to be what you expected, the end of your probation period is the perfect time to either work to rectify that or to walk away with no hard feelings.
Notes:
• When you're in the interviewing stage, you need to put off discussing salary as long as you can. If possible, give them a chance to fall in love with you before mentioning any numbers.
• The best time to negotiate your salary and other comp is once you've been verbally offered the job, definitely before you sign anything. You'll have the most leverage with your new employer between the time they make the offer and when you sign on the dotted line. They have mentally committed to you and they're probably sick of the searching/vetting/interviewing stage and want to move on.
• It's easy to get caught up in the relief and euphoria of the moment and not take the time you need to reflect on the comp package you've been offered. But remember this when it happens: when you feel that euphoria is precisely the time to pause and call for a time out. You need time to come down off the high of receiving that offer so you can think clearly and negotiate with a level head.