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Published byShanon Robertson Modified over 8 years ago
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By: Isa C. Toledo & Raymond Jackson
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Our purpose is to ensure that our audience will gain knowledge of valuable information such as: Negotiating Tips How to Approach to negotiating Evaluating compensations Benefit vs. salary
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Why and When Negotiate? Stages of Negotiation Salary vs. Benefits Assignment Negotiating Do’s and Don'ts Helpful Tips on Salary and Compensation What is Compensation? Benefit Packages Interviews
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Chance to increase your benefit package. Ability to enjoy your salary that suits your family needs. Negotiating can help you bring in more income or even added benefits to a packages you have been previously offered.
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When you have some influence When you gain more practice in your field Spending an amount of time within the same firm or position Obtained a better opportunity elsewhere
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The salary of the position they are seeking Before interviewing for a job one must know where the job lies in the market. Sometimes if the salary offer is not what you expect its best to consider a salary bonus or extra benefits to suit your need
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The job requirements of the position you seek Type of skill set required Years of experience needed The type of degree that will fill the position Expectations that come with the position
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The distinction between a Upper and Lesser salary Salary will increase if benefits decreases Benefits will increase if salary decreases Higher salary means less benefits Lower salary means more benefits
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NEGOTIATION TIME!!!!
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Speak with confidences show your interest in position Speak as if you are the right candidate for the position Make it be known how you can change the outcome of the company with your skill set
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Understanding what to and not to say When negotiating always use words like "I am looking for a total package not just a salary number”. "I am looking for the ability to grow from within the company“ "I am taking all factors in consideration including what I bring to the table"
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Don’t sell yourself short of your accomplishments and experience Express how you have change the company progression overtime Rewards from current experiences Job offers given ask how their package compares to the ones that are offered
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Never Bring up personal expenses Hinder the process of negotiating. It’s not the business of the employer how you spend your money. Employer will be persuaded you cannot manage money
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Employee Lowest reasonable salary to offer Best benefits to offset salary offered Employer Highest reasonable salary to work Good benefits to assist salary
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Let the employer know that your goal is a win-win solution. Don’t be too pushy or adopt a “take-it-or- leave-it” attitude. Be Professional Be Passionate Be Courteous Be Focused Be fair to your employer
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Tip 1: Do extensive research on position of interest Tip 2: Be confident and focused when speaking Tip 3: Know your strengths and express them Tip 4: Thank your employer for the opportunity
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Compensation productive employees long term employees Compensation is what companies use in order to obtain new productive employees, or retain their long term employees. Compensation can include: Wages Salaries Benefits
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So all compensation really is, is something of monetary value. So all compensation really is, is something of monetary value. Employee Stock Purchase Tuition Reimbursement Hourly Wage Salary Pension Plan Vacation days Annual raises
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Health Care Benefits expectation Major expectation for employees Primary driver for them in choosing employers. Retirement Benefits Retirement Benefits. Retirement Plans Pension Plan Mandated Government Benefits Social Security Minimum Wage. Non-Monetary Benefits rewards Recognition rewards and flexible scheduling. Free Free coffee, potlucks, snacks.
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important consideration coverage varies Health Care is a very important consideration while deciding where you would want to be employed. The amount of coverage varies from different organization. It includes: Dental Insurance Health Care Vision Insurance
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Former head of Clayton schools Don Smith 65, Former head of Clayton schools lump sum of 572,000 Received a lump sum of 572,000 Reduce benefits. retired He retired on June 30, 2006 $211,653Clayton's Superintendent Was of $211,653 rehired as Clayton's Superintendent $229,528 Made $229,528 a year as interim superintendent second pension. Received a second pension.
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Jeff Spike 55, Ferguson-Gus schools $211,653 Salary of $211,653 did not increase board-paid Received board-paid health insurance Ferguson-Gus Remained at the helm of Ferguson-Gus retire Plans to retire at the end of the year
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required Governmentemployer Mandated Benefits are required by the Government and provided by the employer. Minimum Wage Overtime Disability Social Security Unemployment
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Free Coffee Free Snacks Rewards Flexible schedules Traveling expenses Personal Parking Places
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strong benefit package A strong benefit package is very important and attractive, based on that individual life (marriage, kids, single, pre existing conditions). Recent grad salary > benefits Middle age mothe r salary < benefits
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Obtain Qualified Workers Better results Higher productivity Employee Retention Establish loyalty Rewards for Performance Commission based system Encourage employees to work harder
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assistant managers, interns, and high students. During the project we interviewed 3 people including assistant managers, interns, and high students. Those interviewed were: Isa C. Toledo Jasmine L. Vanderhorst Damian K. Toledo
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Cashier $6.50 per hour %50 off 1 Meal Health Care Offered, expensive 2 years experience
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Co-Op Technical Field Engineer (Part-Time) $3500 monthly (+) overtime Full Vision, Dental, Medical Life Insurance, Time Bank 40 hours paid vacation 20 hours paid sick leave 20 hours paid personal $5000 stipend for school Free Corporate Housing
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Can Jasmine Negotiate a higher salary, for her next position? Even though she only worked part time as a Co-Op.? YES
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Operations Supervisor (Full-Time) Operations Supervisor (Full-Time) 80% Vision Coverage with $150 off any frame. Full HealthCare (for annually appointments) Discounted stock purchases 80% Dental Coverage $80,000 annually Yearly bonuses 401k Pension plan
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Who is Compensated more?Damian
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Why is he compensated more? Because he has more experience, degrees, and certifications
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Tip 1 : Insurance is very important in determine careers Tip 2: Salary isn't everything. Tip 3: Its not how much you make, but its how much you bring home.
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http://jobsearch.about.com/od/employeebenefits/E mployee_Benefits.htm http://jobsearch.about.com/od/employeebenefits/E mployee_Benefits.htm http://www.investopedia.com/articles/stocks/07/exe cutive_compensation.asp http://www.investopedia.com/articles/stocks/07/exe cutive_compensation.asp http://www.stltoday.com/news/local/education/thre e-examples-of-retirement- benefits/article_819a8ad4-22de-5fba-8a98- 0763d60696a4.html http://www.stltoday.com/news/local/education/thre e-examples-of-retirement- benefits/article_819a8ad4-22de-5fba-8a98- 0763d60696a4.html
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