Negotiating a Starting Salary Essay

carefully planned out and considered, the total closure or failure of the organization could be at hand in the near future. In our modern age, employers know that salary is not the only factor that should be considered and that salary alone will not lead to better or more highly profitable workers alone. This is why compensation planning is important and why pay should have some connection between performance and compensation. This is why the human resources department should consider many monetary and non-monetary factors when considering how to properly compensate and motivate employees (Dessler, 2013).

Under new legislations, both New York and California are willing to increase the minimum wage to fifteen dollars an hour. Although this will be a slow process, as an increase immediately will put an economic risk on business, especially for small business, this increase in minimum wage will be beneficiary and advantageous for individuals with low pay and with those who have families.

The salary rates the business is presently paying for the individual positions fall well within the wage cure; however, modifications will be as followed:

In today’s society, money is one of the biggest incentives in the workplace for employed professionals and is often negotiated after you impress your potential employer. I believe it is always important to negotiate salary after you impress your future employer because this is the moment in time when you have the most power to increase your salary and overall quality of life in this position. This past week I got to interview with a potential employer, CVS Caremark and utilize my newfound negotiation skills to request a higher paying salary. Before the interview, I knew I wanted to take a different approach to negotiating salary so, I used essential elements out of the class textbook Negotiation and Dispute Resolution by Beverly J. Demarr and Suzanne C. De Janasz. Furthermore, I will be discussing how I prepared before for the interview, what I have learned from the experience, and the results of the salary negotiation. Also, it is important to highlight the key elements to negotiating salary and why we are so invested into negotiating salary.

In our modern society one of the seemingly least controversial topics is the minimum wage. The popular opinion wants to raise the minimum wage, but is the popular opinion always right? Throughout recent years, politicians have made promises to raise the minimum wage to help low-income earners live a better life. Contrary to popular belief, raising the minimum wage actually hurts low-income earners and low-skilled workers. We must first define a low-skilled worker. A low-skilled worker does not mean that particular employee is not intelligent; it simply refers to a worker who cannot perform as efficiently due to low educational attainment. Through this paper, I hope to inform you, Mr. Randall L. Stevenson, and our company, AT&T, about the disadvantages of raising the minimum wage.

Inquiring about an individual’s income is not an easy subject to discuss and in some organization it maybe a rule not to disclose your pay scale with another employee. However, did give me a pay range of $35,000- $40,000 annually, depending on your education and experience. Although Kimberly is a thirty-eight- year old female who has a fear of holding infants, and when question about this fear her exact response was “because they are wiggly and I might drop them and break them”. Kimberly stated that she feels like she making a difference in the lives of children by

The topic of the minimum wage for the United States, is a very interesting but complex at the same time. The problem I that some people do not realize nor understand how a business has to roll in order for it to continue. A business has to have an understandable balance where the owner wins, the company wins, the employees win, and the customers win. However, it has not resulted in this manner.

There are numerous positive elements regarding this book. It is inexpensive, easy to read, concise without being weak on content, and it maintains a positive and inspiring tone from beginning to end. Bolles demonstrates his expert understanding of this topic, but he never does so in a demeaning or high-minded way. The entire book has an encouraging and conversational style that helps keep its intended audience motivated to continue the job hunt. While it is a short book, the publishers have included a helpful and comprehensive index.

Minimum wage is an issue that affects low-income people, but yet still has a major impact on the economy for all income levels.. For example, “raising the minimum wage hurts small businesses as they have to operate on slim profit margins to stay competitive” (Danner 30). If they cannot increase the prices of their goods and services, then an increase in the minimum wage would force employers to react, by reducing workers hours, laying people off, and leaving open positions vacant instead of hiring new people. This shows, the effects job finders will face, especially teens and young adults, who are just entering the work world,

Professional Profile: Experienced Account Clerk who Exhibits a strong ability to multi-task, able to work as a team leader or as a team player, mature work ethic, responsible and dependable. I have a diverse knowledge and experience with working with vendors, management, supervisors and co-workers at all levels. My customer service skills are exceptional giving me an advantage when partnering with others in problem solving. I am multi-talented and able to master processes with little to no instruction. Self-starter and willing to take the Lead in any team setting.

To date we have developed a point system to define full time work and benchmarked with NAIS data for pay in the North-East (outside Manhattan.) We have created a matrix for a three tier pay system based upon experience and qualifications as a result (along with board support) we have been able to increase pay by 3%. Currently we have increased the lowest median beginning pay scale by $1,000 on average. By 2015 we will be able to increase pay by 6.5% as we refine our tiered system for publication. By 2016 our goal is to increase pay by 10%.

In Bolles’ text, What Color is Your Parachute?, he discusses in chapter 5 about the best ways and time to approach your potential employer about what salary you will be receiving. He then highlights 6 secrets of salary negotiation, which were: to never discuss salary till the close of the whole interview process, salary negotiation uncovers the maximum an employer will pay to get you, never be the first one to mention a salary figure, research ahead of time salaries for your position, research a range your employer may have in mind and define your range in line with theirs, and finally, know how to properly end the conversation. Hard work and luck will ultimately lead to a successful conclusion to the job hunt. Chapter 6 highlights what to

As outlined, each chapter offers useful tips to readers about strengthening their job-hunting skills. Readers may find the most useful tips in chapters one (1) two (2), four (4), five (5), eight (8), and twelve (12). While the full book is very useful, the stated chapters provide the realist skills needed when job hunting. Of all chapters, chapter eight may be the most important chapter because it emphasizes using the Parachute Approach when job hunting. The most important job tool should be pursuing a career that you are passionate about. Next, chapter two provides very helpful information about the internet and resume. Today, everything revolves around technology. With that said, employers are utilizing the internet to choose the best candidate for a vacant position. Informing individuals Google is being used as a resume is helpful. Chapter four provides tips about interviews, which is useful for individual with the fear of interviewing. Typically, individuals fail to have successful interview and it cost them a job. In chapter four, conversation #4 is very helpful because individuals usually go into interview without any questions. This leads to employers thinking the candidate is not very interested in the vacant position. Another powerful chapter in the book is chapter five. Salary negotiation is very helpful, especially for first time job seekers. In

Some organizations are unwilling to show their reward systems and pay policies (Lawler, 1995). Many Human Resources professionals believe gender pay gaps to be resolvable through the monitoring of pay levels and communication (Report on Salary Surveys).Greater pay transparency has been a great benefit to the board, employees and managers as they now know what is happening across the business and they are able to confidently justify their actions (Commission Policy Report).All market-related supplements are recorded and reviewed separately from basic salary to ensure openness and transparency. Regular research market rates within the various labor markets in which they operate is undertaken improving transparency would also help to improve talent development, as employees would be able to see what they could earn if they wanted to move to another division and upgrade their skill set. (Commission Policy Report).

Negotiation is a complex process. Fells (2009) defines negotiation as “a process where two [or more] parties with differences which they need to resolve are trying to reach an agreement through exploring for options and exchanging offers” (p.3). For most employers, salary negotiation is standard and expected. For the prospective employee, negotiating a salary and benefits package requires knowledge of negotiation tactics and an understanding of his or her desired outcome. Furthermore, effective negotiation requires the negotiating parties to adapt his or her tactics and approach to the environment (Korobkin, 2014). Negotiating salaries is unique because the stakes are