Thu, May 24, 2012, 8:36 AM EDT - U.S. Markets open in 54 mins.

Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Silence Is Golden: How to Negotiate a Better Salary

    Happy to land a job, especially in this market, far too many workers are doing themselves a disservice not asking for more money. "One in five people never negotiate" their salary, says Jim Hopkinson, a marketing director at wired.com and author of SALARY TUTOR: Learn the Salary Negotiation Techniques No One Ever Taught You. That's as silly as buying a used car without haggling over the price, Hopkinson tells Aaron Task in the accompanying clip.

    UCLA coaching legend John Wooden was fond of saying, "by failing to prepare, you are preparing to fail." Along those same line, Hopkinson says do your homework and you're more likely to get better pay. "You don't want to go in there without a plan," he notes.

    The two key questions to ask yourself at the start of this practice:

    Was I prepared? Did I do everything I could?

    Salary.com and PayScale.com are good resources to learn more about average pay based on everything from experience, industry and geography, Hopkinson says. Tapping your social network should also be part of your homework; it may prove valuable in discovering your fair market value or unveil a contact at the firm you want to work for.

    Another tip: Use master FBI hostage negotiating tactics. Techniques such as mirroring, paraphrasing, and using silence can all help tip the scale in your favor. "Pausing dramatically can make the other person reveal information they don't want to," Hopkinson notes on salarytutor.com.

    Companies don't always have the extra cash to offer. In those cases, these lessons can help with negotiating vacation, travel and expense budgets, and a more flexible schedule.

    Another piece of advice, if you have a job and are looking for a raise, first keep track of your accomplishments so you can prove your worth. And, when it's time to plead your case, know your audience, Hopkinson says. If the boss is numbers oriented come with lots of data; if he or she likes a more laid-back style, spin a good tale that highlights your accomplishments.

    Yahoo! Poll

    Will Congress get anything accomplished before the November elections?

    Loading...
    Poll Choice Options
    • Yes
    • No
     

    130 comments

    • George  •  3 months ago
      I have a bit of a problem with this whole statement that you should negotiate your salary. Depending on what industry you are in, you are sometimes very likely to get your job offer in an email. How exactly would you pause and create an awkward silence in an email? You can try and wait a day or two before replying and that might work if you have a job that you don't really mind leaving, but in most cases you cannot really do much about the job offer.
      One thing that I can tell you is NEVER negotiate a job offer over email. It simply won't work and you will not get anything over what the initial offer was. In rare cases they might agree to amending something small.
      Also another problem is that in most companies that I have applied, you are actually getting the job offer from HR and not the hiring manager. A negotiation is actually through a mediary and I hate to burst your bubble but it's a sign that the company is not prepared to haggle. You can however, have a friendly chat and a bit of social engineering over the phone might give you an insight to what you can realistically expect.
    • raul  •  3 months ago
      For those who want to get a high salary, first, find an employer who is not parsimonious, then work so hard to prove your worth!!!!
    • El Whappo  •  1 year 1 month ago
      Problem is that most job openings have hundreds if not thousands of qualified candidates, so if you try to negotiate almost anything these days, they just take the offer back from you and pass it to the next in line. Sure if you know some exotic programming language or have experience in a field that is closed to all outsiders, you may get some room for salary negotiations.

      I think you can call this the status quo jobs recession (or depression) as most companies systematically eliminated employees on a base of cost and also if you were too smart (threat to someone with power). If you were deemed harmless and didn't get a large salary for your level, you most likely stayed while more talented people were let out the door. the only thing that matters to management is that their jobs are safe, everyone else is a cost that sooner or later is going to be cut or replaced with a worker bee who is more than happy to have a job, even at less money than they deserve.

      My advice to anyone in the market for a new job is to cut back your job search time and think about ideas for starting your own business and run with that. The days of working for any large company for anymore than 2 to 4 years are well behind us now, so go out and stake a claim on something that you have ownership.
      • Ameise 1 year 1 month ago
        Most sound advice given. I couldn't agree more.
      • A Yahoo! User 1 year 1 month ago
        Yeah brilliant(sarcasm) everybody has the resources to start a business. You need money to start a business. And that is only one of many resources you need. Time? Yeah, great. We all have the time and money to start a business. Lets go. And when we all have our own little businesses going, who are we gonna sell to? Canada? Iceland? Europe? Great sound advice. Where are you gonna hire employees since we are all gonna start our own business. Dumba$$!
      • Colston 1 year 1 month ago
        @G.O.P SUKS - There are several business models that do not require either large amounts of startup capital or employees. The Information Age is a wonderful thing!
    • Sophie  •  1 year 1 month ago
      whoever wrote this article is dreaming...
    • Al O. Vera  •  1 year 1 month ago
      I hope the morons who run Yahoo's server aren't getting any raises.
      • Jaysun 1 year 1 month ago
        Yes, it is highly annoying how most of the time when a video is done, it will not go to the done screen that asks if you want to replay it, instead it will just start again.
      • montrae 1 year 1 month ago
        LOLLL!!!
      • Brian 1 year 1 month ago
        I spit my drink out when i read this. awesome stuff !!!
    • Scrubs  •  1 year 1 month ago
      50 million people are looking for employment...
      then they'll deal with higher salary...
      IDIOTS
      --
      we need jobs
      • Jeff C 1 year 1 month ago
        Actually I think 5 million are gladly collecting unemployment for the two year duration and providing false info that they're looking for jobs, in order to keep receiving the benefits.
      • Scrubs 1 year 1 month ago
        perhaps you're right for a few.....but I know several highly trained people in medical profession unemployed just wanting their jobs back...
    • Dan  •  1 year 1 month ago
      Drake, you highlight a good point about the salary question being the first one the recruiter asks. And as you said the recruiter holds all of the cards here. If you try to avoid stating the salary your salary expectations or if you ask for their range for the position first the recruiter says "show me your cards first or I'm not playing anymore". I have tried to satisfy the recruiter but still protect myself by saying something like "well it's much to early in the process for me to give an exact salary amount since we haven't discussed the job yet and I am not familiar with your company's benefits package, but if you are looking for a ballpark range for this type of position then I would be looking for $XXXX - $XXXX. If the recruiter is very persistant about your salary range then this might be your best approach.
      • stizza 1 year 1 month ago
        I am a corporate recruiter for Amazon....If people deflect my questions, or don't answer them I take it as they are going to be a problem employee. Most corporate side people do. It's the same thing when people fill out an application and write "see resume", you aren't following directions.
        The best thing you can do with the upfront salary talks is: I am currently making X, but I am very open and interested in your opportunity. That usually works.
      • Dan 1 year 1 month ago
        Hi Stizza, the problem with starting off with "I am currently making X, but I am very open and interested in your opportunity" is that is the candidate's X is higher than what the recruiter has in mind then they will immediately be declined and the phone call will not go much further. If the candidate's X is lower, and on paper the candidate has the skills and qualifications are a great fit, then the candidate may get an opportunity to interview but they lose when it comes to salary. This is why the negotiations are all one sided. Most people understand that is the way things are right now and no one is going to try to stop you. However, I will say that if you are discrediting candidates because they are savvy negotiators then you are surely doing Amazon a disservice. Someone negotiating a starting salary doesn't by any means signal them as a "problem employee". In fact in most positions you would want someone that is able to negotiate. And not just with money but with resources as well.

        Regarding your other points about dodging other questions and writing "see resume" on the application, I agree with you these are not good signs.
    • gb  •  1 year 1 month ago
      Riiiight. In this economy? Here is what "haggling" for a better pay rate with a prospective employer will likely get you at the moment:

      "That's the pay rate, take it or leave it. If you leave it, we'll just make do with one of the other dozens of people in line for the job."
      • MEF 1 year 1 month ago
        Dozens? Try hundreds!!! Even gas station cashier jobs are getting over 100 applications.
      • Nicholas 1 year 1 month ago
        Well, yeah gas stations are base level positions which require little to no skill. Anyone call fill them.
      • Karl 1 year 1 month ago
        Nicholas, anyone can be replaced. You're just an employee. What you bring isn't that special.
    • A Yahoo! User  •  1 year 1 month ago
      Wonder why all of our jobs are overseas?

      They don't negotiate for salary...
    • Mystery Shopper  •  1 year 1 month ago
      There is NO NEGOTIATING a BETTER SALARY with MOST of the ROTTON COMPANIES is this Nation. $7 an hour is it! Take it or leave it, NO MATTER what education you have or EXPERIENCE you have, it just doesn't matter!
    • American 4 America  •  1 year 1 month ago
      Yeah, this guy is spinning a far-fetched tale yet he does make some good points, if they are modified.
      Asking for a raise IS a big waste of time if you're already working there. Many of you have called it right, the employers are holding all of the cards by that time. Your answer is most likely going to be that they should dock you for time you're wasting by being in here. The game can be entertaining at its best by hearing all of the excuses why you can nnot receieve a raise. BUT, if you make a good case of your contributions to the bottom line (assuming there are any) and the financial challenges of what you are making and still hear "Get OUT!", find another job. You're barking up the wrong tree.

      Avoiding the salary discussion until you know what the position is about is a good tactic. But also know what the ranges are for a specific position type in a specific city in that specific industry.
      For example, a mechanical engineer with 10 years of experience that works in the automotive industry in Tallahasee will make less than one in Detroit does. The $80,000 salary in Tallahassee might get you thrown out where that same salary in Detroit might get you hired. There are many factors that determine what that amount will be and some web sites can give you a decent feel for what is right for the area. he is right, do your research. Always remember "Data talks, the rest walks."

      I think it was Dan who said it right that your best opportunuity is at the hiring stage. With the economic challeneges being faced by business today, making the point that you are confident that you bring to them that value, and since salraies will most likely stay level for a few years you would be more comfortable starting out here. There is solid consideration behind that statement and it even sounds reasonable.
      Another danger about discussing salary early in the process is that if you under price yourself you seem either needy or inexperienced and too much you seem arrogant or greedy.
    • Richard  •  1 year 1 month ago
      their instead of there. Is anyone reading this stuff before it is published?
    • Eyeball  •  1 year 1 month ago
      Is this guy for real? Does he even have a clue what employers are doing?
      Here's what happened to me which is not an isolated scenario for job hunters:
      What are you looking to receive?
      I would like to make the same as what I have been making.
      We can't do that.
      I'm negotiable.
      We can get a person with less experience for a lot less. Are you willing to accept that.
      Sure.
      And by the way, everyone was cut 20% last year. There may be another reduction this year.
      Ok.
      It's better than unemployment, Jim, but the likelihood of a person negotiating anything in this market is nonexistent. Despite your exhuberance, you should go outside more often and view what is going on in the real world.
      Maybe I should write a book. It seems you can make more money without knowing anything.
    • bruddahJ  •  1 year 1 month ago
      Negotiate a salary? Not with todays unemployment and competition. People are actually lying on their resume's just to get a job. Your chances of getting a higher paying job by lying on your resume' are probably better than negotiating for a higher salary. I've seen a few of these dolts actually get into management. If you do go this route though be aware that it wont be too long before you show your @$$ as you can't keep up the charade forever. Also, this article fails to mention how some people would rather suck up than show merit to get a raise - they are just as bad as the resume' cheaters...the butt kissers and lyers are taking over, not too mention ofice politicking. This is what things have come to folks. But for those honest folks...The bottom line is, until the economy gets better, appreciate what you've got and appreciate more that which you are given.
    • John  •  1 year 1 month ago
      Did I read that correctly, "One in five never negotiate?". I think it is more like one in five DO negotiate (unless your data sample is taken from pro athletes with an expiring contract). Personally I wouldn't want the risk of being discarded for the next person out of 100 that applied for the job. A job offer shouldnt be treated like a blackjack hand in Vegas. To me, if you try to negotiate you will be labeled as someone that wants the job only for the money. Plus, if you get to the point of a job offer, you should have a good idea how much they will be paying you anyway.
    • Jerrod  •  1 year 1 month ago
      Negotiation only works when both parties have something the other wants. In this economy, employers hold all the cards. There might be a small percentage of people who are able to successfully negotiate for more than they would have gotten otherwise. But for most, even attempting to negotiate will just get them taken out of consideration.

      I had many opportunities to negotiate during my job search last year. I was armed with all the "tips and tricks" from numerous career coaching sessions but they simply don't work in most cases. The people who offer these tips USED to be recruiters. The people you are interviewing ARE recruiters and they know all of your tips and some new ones you don't know about.

      Unless you are able to get deep into the recruiting/interviewing process so that the company has invested a lot of time in you, negotiating is pointless. And the salary question is one of the first ones they ask.

      You can only pause, deflect and self-promote so many times. Eventually, the recruiter will win...if they are good. You simply cannot compete in their field of expertise. It's like asking a plumber to challenge Kobe Bryant to a shooting contest.
    • criss  •  1 year 1 month ago
      forget negotiating for a salary the best thing too do is either threaten too walk out say another job is offering more/or threaten too quit it forces the boss's hand even better work for yourself like I do
    • Chuck  •  1 year 1 month ago
      Please sir, I want more.
    • A.J.  •  1 year 1 month ago
      How do you negotiate when they are asking for your salary requirements and/or salary history to be included with your cover letter and resume?! I was always taught never bring up salary first, because if you do you lose. In this job market we are at the employers mercy. The ball is in their court.
    • Patriot  •  1 year 1 month ago
      Corporate America is using quality employees to the point they can't afford to work for them anymore. Then they get rid of them and hire someone else who is starving for work, unqualified, and dumb down the organization. Eventually these less qualified/over-employed become management and hire someone below them who they can hopefully supervisor (less qualified/less experience) and the organization continues to dumb down until executive management has raped the organization for everything they can buy cutting qualified personnel and creating a company that is really not viable then executive management moves to the next company and it starts over again. Then we all sit around and scratch our heads wondering why China, India, and other nations have our industries. ITS CALL AMERICAN GREED! Take what you can, while you can and have no loyalty, no ethics, no character, and no class. THIS ATMOSPHERE IS SET BY OUR FEDERAL GOVERNMENT!!!!!!

    FOLLOW THE DAILY TICKER

    The Daily Ticker covers the most important business stories of the day -- the economy, investing, corporate leadership and politics. The Daily Ticker picks up where Tech Ticker left off and is hosted by Aaron Task, Henry Blodget and Daniel Gross. Often serious, sometimes irreverent and always interesting, The Daily Ticker gives viewers a unique take on the business world's most crucial stories.

    Subscribe and RSS

    [X]

    How to subscribe

    Roll over each section to subscribe using Add to My Yahoo! or RSS Feed feeds.

    Yahoo! News offers dozens of RSS feeds you can read in My Yahoo! or using third-party RSS news reader software. Click here to find out more about RSS and how you can use it with Yahoo! News.
     
    Recent Quotes
    Symbol Price Change % Chg 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
     
    Sign-in to view quotes in your portfolios.