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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
We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.
If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.
“You don't get what you deserve. You get what you negotiate.” Chester Karrass
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