How to Negotiate Salary: Asking for More Money After a Job Offer

https://www.youtube.com/watch?v=Xap454_Nq2g(Links to an external site.)

HRM Salary Negotiation Exercise 1. Know your market value. Research your position, salary requirements, and salary range.

2. Build a business case. Evaluate your past work performance. Why do you deserve a salary increase? Write down 5 examples where you added value to the company. How did you increase profits for the company or save the company time?

a. _________________________________________________________________________

b. _________________________________________________________________________ c. _________________________________________________________________________

d. _________________________________________________________________________

e. _________________________________________________________________________

Optional Salary negotiation exercise

3. Role play your salary negotiation with a partner who will be the manager.

4. Negotiate a $5000 increase in salary and benefits.

5. Your partner will reject the salary increase. Do you need to convince them and win?

6. Evaluate your salary tactics. What can you do differently next time? Write a short report.

Answer rating: 100% (QA)

Heres a structured approach to addressing the salary negotiation exercise Optional Salary Negotiation Exercise Step 1 Know your market value Before in... View the full answer