Friday, June 13, 2008

Alternatives to Salary Negotiations

This article on alternatives to salary negotiations caught my eye that may be of interest to some of you. It seems that now more than ever many companies are focusing and offering alternatives and other perks to compliment salaries in many creative ways and to also build stronger employee loyalty. This article was from hotjobs, by Todd Anten. Enjoy!


You think interviews are scary? There's one part of getting a job that can be even more intimidating: Negotiating a salary.


But what happens when a prospective employer just won't meet your salary request? Should you tuck your tail between your legs and accept the job anyway? Or should you politely turn down the job, even if you really need it?

Fortunately, you have a third alternative: You can ask for other benefits that can adequately replace an instant salary boost.

For instance: Consider requesting that you can get a performance review six months after you start. This request will show that you're willing to stand behind your work and prove yourself to the company. Then, in six months, you can request a salary increase.

Here are other things you can ask for at the negotiating table OTHER than money.

An Extra Day Away Don't think you can ask for more money? Then consider asking for a few more days of paid vacation time instead. Even though asking for a few extra vacation days seems like a small request, those days can make a big difference in your happiness in the long run. And from the hiring manager's perspective, granting extra vacation time is much cheaper than a salary bump.

You'll Like Doing This Homework One of the biggest trends to hit U.S. workplaces: Working from home. As technology improves -- from cell phones to home DSL connections -- your home may already resemble your office. So when negotiating a job offer, instead of asking for more money, consider asking if you can work from home once in a while. Think about if you would prefer a structured work-from-home schedule (e.g., every Tuesday) or a looser arrangement (e.g., twice a month).

Moving Money If you're planning to move to a new city or state for a job, you should consider negotiating for some extra money for your relocation costs. Companies realize that moving can be expensive and they are often willing to offset some of the expenses.

Would a Job by Any Other Title? ... If a company doesn't want to offer you more money, perhaps it would be willing to offer you a snazzier job title. While some companies have strict policies regarding job titles, others can be quite flexible. Changing "administrative assistant" to "executive assistant" costs the company nothing, but it might make you feel better. And it could help make your resume more impressive.

One last thing to remember: No matter what extra perks or benefits you score when negotiating a job offer, be sure to get them all in writing.