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Name your salary for a new job
In early 1930, Princeton University offered a position to Albert Einstein. During the job offer stage, the scientist was asked to name his salary.
A few days later Einstein wrote to suggest what, in view of his needs and . . . fame, he thought US dollars 3000 was a reasonable figure ... unless you think, I can get by less.
The university rejected his request and offered him five times of the salary he suggested.
Princeton university showed fairness.
This fairness may not be the current norm in most of cases.
Make a mistake during your salary negotiation stage and you are likely to be setback by few thousand dollars. The new salary will also become a base for your future salary negotiations!
How will you prepare for this question during your coming interview?
Photo Adaptation/Wikiwand.com/en/Albert_Einstein
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Negotiation is an important life skill
Negotiation is also a game, the more you play and practice, the better you get. Learn and prepare negotiation to reduce anxiety. Like any other skill, it can be mastered.
· Negotiation skills are learnable · You need to know the concept & principles · You need to apply the principles & practice the game · You should get feedback after each negotiation to improve
Last but not the least, seek negotiation and don’t avoid it. When you do buy or sell an asset or join a new job, negotiations are part of the whole process. Prepare for negotiations and don't avoid.
Negotiation is an information game, a conversational dance where we exchange offers...back and forth…offers and counteroffers to benefit mutually.
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