Mastering Salary Negotiation with Brandon Bramley: Insider Tips and Strategies
Feb 21, 2024
auto_awesome
Brandon Bramley, an expert in negotiations, shares top tips on negotiating salary and benefits. He discusses preparing for difficult conversations, negotiating with confidence, and researching compensation ranges. The episode also covers strategic approaches to revealing salary expectations, advanced negotiation techniques, and emphasizing curiosity and preparation in negotiation.
Understand the job offer components to identify negotiation areas.
Research and gather information to clarify uncertainties and make informed requests.
Utilize resources to set realistic expectations and negotiate confidently with employers.
Deep dives
Step 1: Understanding the Offer
Before attempting to negotiate, it's important to fully understand the job offer. This includes reviewing the components of the offer such as base salary, performance bonus, equity grants, relocation packages, and other benefits. By knowing the details and doing thorough research, you can determine if the offer is competitive and identify areas for negotiation.
Step 2: More Research and Due Diligence
In this step, it's crucial to gather additional information and ask questions to clarify any uncertainties. This includes inquiring about the compensation ranges, performance bonuses, equity offerings, and other perks that come with the job. By doing your due diligence, you can have a better understanding of what is negotiable and make informed requests.
Step 3: Research Compensation Ranges
To negotiate effectively, it's important to research and understand the compensation ranges for similar positions in the industry and location. Utilize resources like payscale.com, salary.com, and Glassdoor to gather data on salary ranges in order to set realistic expectations and determine what is fair and reasonable to ask for.
Step 4: Delivering Your Request
When communicating your request, it is advisable to use email rather than having a live conversation. This allows you to clearly articulate your concerns, reference the research done, and provide a well-thought-out counteroffer. By presenting your request in a professional and confident manner, you increase the chances of it being considered seriously by the employer.
Step 5: Handling Objections and Overcoming Resistance
When facing objections or resistance from the employer, it's crucial to handle them as opportunities for negotiation rather than accepting them as final rejections. Respond with agreement, restate your concerns, and ask for further consideration or clarification. By demonstrating patience, persistence, and a willingness to find common ground, you increase the likelihood of the employer revisiting the offer and potentially improving it.
In this episode, Brandon Bramley – an expert in negotiations – shares his top tips for getting the best possible salary and benefits package. You'll learn how to prepare for difficult conversations, how to negotiate with confidence, and more. So listen now and get ready to start earning what you deserve!