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Ten Ways to Get the Biggest Salary

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You know you're worth it!

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Rumor has it you're interviewing for a new job. (Don't worry. I won't tell anyone.)

But I do want to tell you a thing or two about how to snag the highest salary possible:

1. Never talk money until you have a firm job offer. Make them desire you as much as possible before you ask for those big bucks. If you talk money too soon, you might accidentally price yourself out of a job. Love and desperation for you will make that cash flow a lot more flowing!

2. Put the salary ball in their court. Let the employer bring up money first -- then ask: " What kind of salary range are you working with?" Or: "What is a typical salary for this position?"

3. If possible, avoid revealing your past salary. You'll force the employer to make their juiciest offer. If you must spill, then spill in an "overabundant" way.

4. Prep about the company's salary limits -- and your own. Before the interview, research the company's salary range by asking around. Plus, have your own salary range and limits already in mind.

5. Show and sell. Be ready to document your skills and accomplishments at making money. Be as detailed as you can about how your unique skill sets offer a company higher profitability.

6.
Don't forget the value of a la carte benefits. You can add up to 40% to your basic salary by negotiating various job perks such as health benefits, dental plans, training programs, promised bonuses, improved stock options, employee discounts, parental leaves of absence, and added vacation time.

7. Make talking cold cash a warm discussion. Be open and friendly. Make the employer feel you're seeking a win-win situation.

8. Always wait 24 hours before a "yes" or a "no". You'll need this time to get over the initial flurry of excitement at being wanted! Take time to consider clearly if this offer is what you truly want for both present needs and your long-term career. If, after 24 hours, you feel the salary isn't up to snuff, don't be afraid to ask for more money or perks.

9. Get it in writing.

10. Say "no" nicely. If you decline, leave on good terms. You never know who will pop up where and when.
No positions in stocks mentioned.

© Karen Salmansohn

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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