Friday, April 30, 2010

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Salary Negotiating During the Current Economic Crisis

by Trevor Davide Grant

While it is well known that the American economy is in the middle of a financial downturn, and that economic slowdown is having an effect in trading partners, recent studies have shown that with many employers there is still room for negotiating your salary.

Just be aware of this, and make sure you know your strategic plan when it comes to approaching salary negotiation. These are sensitive times, and you need to have a modicum of tact when dealing with this subject.

Don't be intimidated about negotiating salary if it is the right time for you. Just because many companies are slowing down or cutting back on staff, there are other companies and employers that are in need of talented human resources. Bear this in mind. There is plenty of opportunity to discuss salary with your boss, or negotiating a salary offer with new company.

When doing a salary negotiating, you are asserting your worth and standing up for the value you bring to the company. By representing yourself in an assertive way, you are projecting your value to the employer and letting them know that the market will bear your salary request. Make sure you've done your homework to support your salary expectations.

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.

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.

Salary negotiation is not to be swept under the carpet just because we're in a tough financial time. On the contrary, you should consider your best negotiation approach, and do your diligent market research. With a solid supporting case your request for a pay increase should be well received.

Wishing you the ultimate success in your salary negotiation.

Trevor Davide Grant is a project manager in the IT field and has extensive experience in salary negotiation. Trevor has worked for global telecom, electric utilities, software consulting, and a prominent social network. He has learned salary negotiating in the most effective way. Learn great tactics on the topic of negotiating salary at www.HowToNegotiateASalary.com.
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