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The importance of negotiation skills
The importance of negotiation skills
Negotiation skill process
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Negotiating a Starting Salary
With internet access available to nearly everyone, job seekers are
armed with more information than ever before. Information can be
obtained for job openings, job descriptions, and even salaries.
Sometimes when filling out an application, a box will ask for a salary
desired. Some advertisements ask to send your resume with salary
requirements. These are sometimes tough questions to answer. How much
does that job normally pay? Is the job applicant worth the top pay?
This paper will explore the various factors involved when attempting
to negotiate a starting salary. Topics such as helpful internet
sources will be introduced, along with salary ranges, and helpful
interview techniques will be discussed to better position one self to
obtain the salary desired.
Some basic concepts should be understood before attempting to
negotiate a starting salary. First of all realize that a job in New
York City will most likely pay more than the same job in rural Ohio.
Geographic locations and cost-of-living play a major role when
determining salaries. For example, comparisons were made for an entry
level job as a bank teller in Elyria, Ohio and New York, New York. The
results were interesting. The median expected salary for a typical
Teller in Elyria, Ohio is $20,913; with the 25th percentile being
$19,642 and the 75th percentile at $22,645. The median expected salary
for the same job in New York City is $24,274; with the 25th percentile
being $22,799 and the 75th percentile at $26,284 (www.Hotjobs.com).
Supply and demand also play a part. If job candidates are plentiful
then negotiating power is limited. However, some fields are in high
demand and college graduates in those fields will find they have their
choice of employers. For instance, according to The American Almanac
Of Jobs And Salaries, the occupations with the largest job decline
are sewing machine operators. This data covers the time period from
1996 to 2006 and they are in decline by 26 percent (xxviii).
Conversely, according to Enhanced Occupational Outlook Handbook, the
fastest growing jobs are computer related. From 1998-2008 computer
engineers, computer support specialists, computer systems analysts,
and database administrators are expected to grow by 108, 102, 94, and
77 percent respectively (18).
A third concept to remember is that ev...
... middle of paper ...
... appeal to their power and position in the
company. Say something like, “If you have the power…”. Most managers
will enjoy the positive comment and if they can get it done for you
they will (www.collegegrad.com).
These negotiating techniques highlight just some of ways a job
applicant can better position themselves for a better starting salary.
Salary wizards on the internet will give you a pay range. Various
articles at career related web sites can give you some valuable
insights. And of course your local library will always have books on
hand to guide you through your job and salary search as you prepare
yourself for the challenges of the working world of the 21st century.
Works Cited
Farr, Micheal J. and LaVern L. Ludden, Ed.D. Enhanced Occupational
Outlook Handbook 2000-2001 ed.
Caroline Levchuck. “How to Determine Your Salary Range”. 10-30-2004.
Lussier, Don Job Search Secrets. Lincolnwood: NTC/Contemporary,1998
Wright, John W. The American Almanac of Jobs And Salaries 2000-2001
ed.
“The Unacceptable Offer Negotiation Technique”. 10-31-2004. .
“ 10 Tricks for Negotiating a Higher Starting Salary”. June 20,2004.
Employment Digest. 10-24-2004.
Despite attempting to predict the eventual outcome of the negotiation, I did not anticipate the confrontations between Local H-56 and the management of Hotel Zinnia. Although they initially agreed to engage in integrative bargaining, the union and management subsequently entered an intense negotiation. When Local H-56 presented its proposal of wage increases and health insurance, management immediately responded with a counterproposal that surprised the union. Both the union and management eventually behaved confrontationally, accusing each other of bargaining unreasonably and focusing on the trivial aspects of the negotiation. Moreover, as the union and management felt increasingly frustrated, they suffered from a lack of unity in their teams. The union could not fulfill its objectives because its lead negotiator prevented other team members from contributing to the negotiation. On the other hand, several team members of management struggled to assert their authority as the lead negotiator. After observing these issues, I ultimately believe that the union and management failed to achieve their individual objectives. Moreover, by approaching the negotiation with a zero-sum strategy, I assert that the union and management failed to reach a mutually beneficial contract. At the same time, both sides of the bargaining table lacked cohesive teams and therefore struggled under the pressure of the negotiation.
The book about Chris McCandless’s journey into the Alaskan bush, Into The Wild by Jon Krakauer, received a lot of criticism about Chris being foolish for being unprepared. From the articles that I have read, most of the sources do believe that he was poorly prepared for his journey. But there are a few people who believe he was prepared mentally, and an even smaller amount believe he was fully prepared. I believe that Chris only knew what he was doing mentally. He did not have the correct tools or the developed skills to survive, for an extended period of time in the wild. But, he did know what he was about to get himself into. He planned out the trip and knew exactly what his risk factors were. Chris McCandless was either prepared mentally, both mentally and physically, or he was ill-prepared for his voyage.
In Into the Wild, Chris McCandless was a young man from Virginia who loved living his life on his own. On an adventure to Alaska, Chris ran into the some trouble and perished. While Chris’s death is a horrible event that will burn in the memory of his family and friends, it could have been easily prevented. If Chris was smarter he would have thought about his preparation, his motivation, and the possibility that he was mentally ill. He could have been able to live out in the Alaskan Wilderness and survive his adventure and return home safely.
Monetary policy consists of the actions of a central bank, currency board or other regulatory committee to control the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as modifying the interest rate, buying or selling government bonds, and changing the amount of money banks are required to keep in the vault.
...ured and their experiences. It is important to me that I present not only experiences like that of journalist Laura Ling but also what the United States is doing to reduce tensions. I think the background information is important but I probably will not need to go further than I already have with it. I think it is important though to look into why exactly the United States is so hated by North Korea except for the fact that we are a capitalist country. The major focus will be to present what it is like in a torture camp based off from sketches of people who have survived the horrific camp like Kim Kwang-il. His account of what happened to him mirrors that of Holocaust survivors and it is happening today. I always wondered why more wasn’t done to help people during the Holocaust or events like the Rwanda genocide and why there is not more we can do about North Korea.
A federal minimum wage was first set in 1938. The first minimum wage was just 25 cents an hour in 1938. Can you imagine surviving off of 25 cents an hour? Now just over 70 years later the federal minimum wage is now 7.25. The question at hand is the federal minimum wage enough to meet the minimum requirement for a good, happy and healthy life? Some states and cities say no. While a select few states and cities have mirrored the federal minimum wage of 7.25, some states have placed their state or city/county minimum wage marginally higher than the federal minimum wage. So why would some states prefer to have a higher level than required by the federal minimum wage when some state have decided to match or even go below the federal minimum wage level. The answer to this question lies within each state city and county and how they perceive the cost of living in the presiding area. Minimum wage needs a makeover in America despite some of the negative effects that may come along with it. This paper will explore the reasons behind federal and state minimum wages and why some of them differ among states counties and cities across America.
Minimum wage was established state wide in 1938 by Franklin Delano Roosevelt; at that time it was only 25 cents which is equivalent to 4 dollars in today’s world. It was established as part of the Fair Labor Standards Act which covered youth, government and overtime pay. Massachusetts was actually the first state before Franklin’s statewide acknowledgement, and it only covered woman and children without overtime. There are lot of issues with minimum wage now such as setting a statewide minimum wage to $10.10, which does not benefit places were living is expensive such as in New York. It leads to an imbalance in different states’ economies, and the government setting price controls in wage has some issues.
My name is Portia Noble and I am applying for the position of Loss Prevention Manager. As I was doing a job search, I came across a open position for this position on the Family Dollar website. I currently have a associates degree in criminal justice and I am currently attending school for my associates in paralegal. I currently live in Columbus Georgia but will be willing to travel to obtain the position.
This essay will examine the following statement in relation to reforms proposed in the Health and Social Care Bill 2011 “Funding and delivering high quality health and social care services is problematic to all governments irrespective of political persuasions” I will provide an overview of the bill and investigate through critical analysis recommendations in the Bill for clinically-led commissioning. This will enable me to illustrate the problems in delivering a high quality care service that is needed by the changing society and the challenges this causes policy makers who uphold the ideology of the NHS.
... When the Monster had not seen anything from Frankenstein for a while he went to go find him. He ended up on Walton’s ship standing in front of Frankenstein’s dead body (Shelley, 221). After the Monster realized that Frankenstein had died he no longer felt the need that he should live. He stated that if the one who had created him died then there will never be a creature like him to be made, so there is no reason for him to live (Shelley, 225). From here the Monster jumped out of the window and went to kill himself. The Monster knew that if Frankenstein died all hopes for another creature being created were gone. The Monster knew that if he did not have another creature like himself there was no point in living, so killing himself was the only other alternative in his eyes.
A while ago I was told by my parents that I got a call from (my now boss), Donald Makepeace, asking if I was still interested in a job. We played phone tag for the longest tag, but finally I was hired at the local Dairy Queen. My parents originally said that I was supposed to contribute some money to help pay for insurance, gas ,and ect. After, seeing how much money I brought back week after week, they ignored that request. The truth of the matter is, it’s hard to live on a minimum wage job. In fact, many individuals must have at least two jobs to keep the bills meet. So, President Obama is trying to get Congress to pass an increase in the minimum wage. However, Congress refuses to raise the minimum wage. I agree with Congress, that we should not raise the minimum wage because these jobs are mainly for high school students and more people wouldn’t be able to hire people.
The plan for having a promotion in the work field is a rough task. The process of me presenting this to top management would be able to know what the skills are needed for the next position. Provide proof to head management that one is ready for the next position. One should be able to predict to questions that will be asked. Lastly, one should able to present in a professional manner to head, to convince them why the position really matters,
The topic for my real world negotiation is to come to an agreement with my supervisor for a promotion as well as an increased salary. I currently work as a student assistant at the student services Planning, Enrollment Management, and Student Affairs (PEMSA) department. My goal is to increase my hourly pay from $10.15 to $12.70, a 25% increase. Having worked in this department for three years, I have taken on tasks not part of my job description such as processing return mail, data entry, and supervision.
The term Monetary policy refers to the method through which a country’s monetary authority, such as the Federal Reserve or the Bank of England control money supply for the aim of promoting economic stability and growth and is primarily achieved by the targeting of various interest rates. Monetary policy may be either contractionary or expansionary whereby a contractionary policy reduces the money supply, reduces the rate at which money is supplied or sets about an increase in interest rates. Expansionary policies on the other hand increase the supply of money or lower the interest rates. Interest rates may also be referred to as tight if their aim is to reduce inflation; neutral, if their aim is neither inflation reduction nor growth stimulation; or, accommodative, if aimed at stimulating growth. Monetary policies have a great impact on the economic stability of a country and if not well formulated, may lead to economic calamities (Reinhart & Rogoff, 2013). The current monetary policy of the United States Federal Reserve while being accommodative and expansionary so as to stimulate growth after the 2008 recession, will lead to an economic pitfall if maintained in its current state. This paper will examine this current policy, its strengths and weaknesses as well as recommendations that will ensure economic stability.
In the study of macroeconomics there are several sub factors that affect the economy either favorably or adversely. One dynamic of macroeconomics is monetary policy. Monetary policy consists of deliberate changes in the money supply to influence interest rates and thus the level of spending in the economy. “The goal of a monetary policy is to achieve and maintain price level stability, full employment and economic growth.” (McConnell & Brue, 2004).