Thursday, October 30, 2008

Salary Negotiating During the Current Economic Crisis

By Trevor Davide Grant

It is common knowledge that the US financial system is in the middle of a recessionary slowdown, and that slowdown is having an effect on their largest trading partners, studies have recently shown that for many employees in many companies there is still room for salary negotiating.

It is critical to remember, and you must know your tactical approach to salary negotiating at this challenging 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 tactful in the salary negotiation approach you use. Employers will respect the fact that you've approached them with a less intensive approach. It is not the time to play the tough guy when it comes to salary negotiation, unless you are one of the few elite staff that can achieve top dollar increases in this challenging economic time.

These are challenging times, and should you find yourself in danger of losing your job or you have found yourself unexpectedly in the market for a new job, you'll be keenly aware that salary negotiating skills are imperative. The good thing is salary negotiation is still an option in these times.

Just remember that salary negotiation is still an option and not to be dismissed because the economy is in a downturn. Contrarily you should look for the best approach, do your job market research, and build your supporting case for your salary increment request.

To your total salary negotiation success! - 15432

About the Author: