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Negotiation Practice Cheat Sheet

This document provides tips for responding effectively during a salary negotiation. It advises that silence can be an important tool, and gives examples of responses to common objections from employers that avoid simply accepting "no" for an answer. The responses aim to have the candidate explain their value and make a case for a higher compensation while acknowledging the employer's perspective.

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Ram Namburi
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197 views3 pages

Negotiation Practice Cheat Sheet

This document provides tips for responding effectively during a salary negotiation. It advises that silence can be an important tool, and gives examples of responses to common objections from employers that avoid simply accepting "no" for an answer. The responses aim to have the candidate explain their value and make a case for a higher compensation while acknowledging the employer's perspective.

Uploaded by

Ram Namburi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Negotiation

Practice Cheat Sheet


Pro Tip: Silence is your greatest
tool in a salary negotiation.
Don’t ramble yourself into
taking no for an answer.
Silence is golden.
Negotiation
Practice Cheat Sheet

Pro Tip: Silence is your greatest tool in a


salary negotiation. Don’t ramble yourself into
taking no for an answer. Silence is golden.

“Unfortunately we can’t afford to “It is a difficult situation, I would


pay more in this economy, agree with you. Although I would
that’s just the way it is” actually look at it as an investment
in finding the right candidate for the
position. In fact, I think that’s even
more important in a down economy,
because the right person can help you
turn that around -- and that’s exactly
what I can do. With that in mind,
what more can we do here?”

“We pay all our [Job Title] “I totally understand where you’re
employees this much and that’s final.” coming from. Having similar pay
among staff members of a similar
job titles I can definitely understand,
because (I know) that people talk,
it could negatively impact team and
culture dynamics -- I do understand.
However, I do believe there’s is a bit
of a gap here, and I need to consider
the fair market value for this role.
I’ve been seeing what the market
is like right now, and it’s more in the
$X-Y range. Can we work something
out within this range?”
“We have a standard process for “Absolutely, and you’re wise to do
determining who makes what, that. A standard process definitely
and this is the number we makes sense as a starting point.
came up with.” Yet, I think I’ve demonstrated that
what I bring to the role goes above
and beyond the ‘standard candidate’
-- for example, we discussed
A, B and C. So I’d like to talk about
a range of compensation that
matches those differences.”

“Why don’t we discuss this later?” “We can absolutely re-visit this in the
future, and I thank you for wanting
to do that. I completely get the need
to evaluate based on performance,
in fact I agree with that method.
That being said, I would like to take
some time now and discuss this a bit
further today, because -- while a
conversation in (later) in 6 months
would be great -- I would still be
taking a risk coming in at this level
of compensation. I’m not saying
I need $X, (the whole asking amount)
right now, but I do need to commit
at a level of compensation that offsets
that risk and reflects my current level
of experience.”

“It’s not in our budget.” “Boy do I understand!” I’ve been in


your position before and when times
are tough and you have a budget to
work within I get it! I agree that for an
average candidate a budget is a
necessary place to start. The thing is
I know that I will make an above-
average impact in this role. The
purpose for me taking this job would
be to make an above-average
contribution and I would ask that
coming in my salary reflect that.

I can also understand that hiring the


wrong person for you is a risk, and with
that said an investment in the right
person can save you a lot of money
in the long term.

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