Tuesday, January 27, 2009

Salary Negotiating During the Current Economic Crisis

By Trevor Davide Grant

Well it is common knowledge that the American economy is in the middle of a financial slump, and that economic downturn is affecting trading partners in many other countries, recent studies have shown that when it comes to many employers there is still room for negotiating your salary.

This is important to be aware of, and you ought to know your strategy to approaching salary negotiation at this difficult economic time.

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 prudent in the salary negotiation tact you use. Employers will respect you when you approach them with a softer, less intense approach. Now is not the time to play salary negotiation hardball unless you're one of the elite few that command top dollar in this tough market.

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.

Wishing you the ultimate success in your salary negotiation.

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