When it comes to negotiating in the workplace, there are certain strategies and tactics that can help you secure the best outcome for your job offer. One of these is to carefully consider counter offers, which can be a powerful tool in your negotiation process. Counter offers allow you to request a better package from an employer, in return for the work that you’re going to do for them. Knowing how to successfully counter offer can be a great asset to your career and help you get the salary and other benefits that you deserve. In this blog post, we’ll show you how to make a counter offer and make sure it is accepted. We’ll talk about what to consider when making a counter offer, how to go about it, and the common pitfalls to avoid. Through understanding the basics of counter offering, you’ll be better equipped to make an informed decision that benefits you and your employer in the long run.
- Ask for time to make your decision. …
- Conduct research on industry compensation. …
- Assess your qualifications and experience. …
- Review and evaluate the initial offer. …
- Determine your counteroffer value. …
- Submit your counteroffer. …
- Prepare for the employer’s response. …
- Negotiate the offer as needed.
What is a counteroffer?
The steps listed below can help you negotiate your pay when you counter a job offer:
1. Ask for time to make your decision
2. Conduct research on industry compensation
3. Assess your qualifications and experience
By outlining the valuable skills and experiences you offer as an employee, you can prove why you should be paid more than the industry average. Consider what sets you apart from other applicants, such as the specific achievements you have made in your career or the outcomes you have produced for other employers. Making a strong case for your counteroffer using this information and your research You have the chance to remind the hiring manager why they chose you over the other candidates since they have already expressed interest in you.
4. Review and evaluate the initial offer
5. Determine your counteroffer value
You might want to provide a figure that is a little bit higher than desired when creating a salary counteroffer. Even if the employer offers less in exchange, you can secure your ideal salary by asking for more. Giving a specific salary rather than a range demonstrates your confidence in knowing the precise amount you desire or believe you are entitled to. Additionally, it provides the employer with a clearer starting point for negotiations. Create a reasonable request that you can prove using the knowledge you have gained from your research and experience.
6. Submit your counteroffer
7. Prepare for the employers response
You can start organizing and preparing for the counteroffer process as soon as you submit your request. Consider all potential outcomes and your response to them. If the employer won’t raise your base pay, for instance, you could prepare a list of benefits you’re willing to bargain for instead. You can feel more assured when negotiating if you have a plan. You could even write yourself a script and practice reading it out loud.
In case they reject your counteroffer and you are unable to negotiate, you might also want to be ready. Depending on your circumstances, such as whether you are currently employed, your response may change. If you are unemployed, you might still decide that accepting the job is worthwhile despite the low offer. Once more, consider every scenario that might occur and decide whether it would be more comfortable for you to stay or leave.
8. Negotiate the offer as needed
You can start that process if the employer is willing to negotiate your counteroffer. During negotiations, you should always explain the rationale behind any requests you make. You can demonstrate, for instance, that the initial salary offer is significantly below the industry and position average. You can also highlight your prior successes and experiences to show potential employers that you can produce results that are beneficial to them. With this knowledge, you can demonstrate your merit for increased pay or special benefits.
As previously mentioned, having a script prepared beforehand can give you the assurance you need to enter negotiations. When you are confident, you can show your employer that you are certain of your value as an employee. They may doubt your claims more if you come across as uneasy.
9. Show a willingness to compromise
You want to be firm in your request while also demonstrating flexibility when negotiating your salary or compensation. You can inquire about changing or adding specific benefits to your offer if the employer is unable to accommodate your specific salary request. For instance, you might try negotiating more vacation time or payment options like stock options. Your conduct during negotiations can give others a taste of how you will interact with them. No matter what happens, always act respectfully and professionally to maintain a good relationship.
10. Make your final decision on the offer
Tips for negotiating a counteroffer
When making a counteroffer, you can use the following list of suggestions to help the process go more smoothly:
How to Negotiate Salary: Asking for More Money After a Job Offer
FAQ
How do you counter an offer example?
Indicate the original offer, your counteroffer, and why you think the counteroffer is appropriate in each paragraph. For instance, after stating the original salary and the desired salary, mention how their offer was lower than the industry average.
How much should you counter offer?
A good range for a counter is between 10% and 20% above their initial offer On the low end, 10% is enough to make a counter worthwhile, but not enough to cause anyone any heartburn
How do you negotiate salary after receiving a job offer?
- Become familiar with industry salary trends. You should go into a salary negotiation with as much knowledge as you can.
- Build your case. …
- Tell the truth. …
- Factor in perks and benefits. …
- Practice your delivery. …
- Know when to wrap it up. …
- Get everything in writing. …
- Stay positive.
How do you counter a lowball job offer?
For responding to their low-wage offer, I’d suggest using the first email or phone script from above. Though they might counter offer again and suggest an amount that is slightly lower than your target but higher than the initial offer, keep in mind to ask for what you truly believe is good or fair.
