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Can I Renegotiate Salary? I Low Balled My Salary Negotiation in the Job Interview! (YES, DO THIS!) - YouTube
Channel: Self Made Millennial
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- In the job interview process
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you asked for too little salary.
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You low-balled yourself,
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or you agreed to one
salary and you want to know
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if it's too late to renegotiate.
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Hey everyone, this is
Self Made Millennial.
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I'm Madeline Mann, and today I will answer
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all of your questions
on how to renegotiate
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that salary that you deserve.
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I've spent my career in human resources
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as the person hiring and hearing
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every backroom conversation
about your salary.
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So for more career and job search tips,
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make sure you subscribe to this channel,
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and hit the bell for
new videos on Thursdays.
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So like I said, I'm the
one on the employer side
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managing these salary conversations.
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So, I'll tell you how an employer reacts
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when you change your salary requirement
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or want to renegotiate your salary.
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And how to frame it in a way
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where you maintain the relationship,
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and potentially land a
sweet bump in compensation.
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And stay to the end because
I'm going to give you
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the two magic words.
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I am not kidding here, they are excellent!
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These two words to kick off
this conversation smoothly
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no matter your situation.
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Okay, so let's start with
how an employer will react.
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Now, you certainly are at risk
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of an employer feeling
a bit yanked around,
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which we do not want.
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We need to frame this ask in the right way
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and not seem pushy.
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At the same time, you do not
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want to negotiate against yourself,
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which is common where you'll say,
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"Sorry, is there any
way that we can actually
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increase the salary to $120,000?"
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"But if not, that's okay."
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"I understand, we could also do less."
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No!
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If you're gonna ask, ask.
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And so, I have seen candidates
renegotiate in my career
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and I thought one person
framed it especially well.
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He said, "I know I said
a different target salary
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when we first started interviewing,
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but after interviewing
with other companies
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and getting a better sense of my value,
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I have seen that I should
be aiming for X dollars."
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It was honest, sincere,
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and we still ended up
hiring him after that.
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It's powerful to reference
interviews or other offers.
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If you have other offers,
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never be shy
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to tell a company who
you're interviewing with
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that you have an offer as
soon as humanly possible.
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Companies are like
children on a playground.
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As soon as they notice some other kid
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wants to play with their Tonka truck,
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they suddenly desperately want to play
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with their own darn truck.
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So, be that most popular
toy in the sandbox
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and let companies know that you are
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late in the interview
process with other companies.
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Or even better, that you have an offer.
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That gives them an opportunity
to counter the offer,
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which makes you sittin' pretty.
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If you don't have another offer,
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then simply referencing
other interviews is great.
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Do salary research for other companies
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you interviewed for, and use that.
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Say something like, "As I've
interviewed other places
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and seen the demand for this skillset,
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I've seen that the range in
the market is X to Y salary."
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"Could we make up the difference?"
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For more tips on how
to do salary research,
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and negotiate salary from start to finish
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in the whole interview process,
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check out my full video
on salary negotiation.
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It's one of my most popular videos.
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I will link it in the comments
and in the description.
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Okay, let's say you don't
have any other job prospects.
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You simply low-balled yourself,
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or want different compensation,
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and that's the long and short of it.
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I've gotcha, turkey.
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Always start with gratitude,
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talking about how much
you like the company
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and appreciate being considered,
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and then use these two magic words.
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And those are "upon reflection".
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The words upon reflection save you
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from an overly verbose explanation,
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and keep you sounding
competent and high value.
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Such as, "Upon reflection
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of thinking through my next career step,
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I realize my desired
salary range is X salary."
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"I know this is a change,
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and I appreciate you understanding."
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And what's even better is if
you don't make it personal.
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You make it all data and statistics based.
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So that's where this
salary research comes in.
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And like I said, I will
teach you all about how to do
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that salary research in
that other salary video.
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Now, in the interview process,
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you need to follow up to seal
the deal and land offers.
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Following up is a good thing
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because it shows your drive and passion.
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And so, I'm going to
give you a free download
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of templates of exactly
the right way to follow up.
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Check out this person who got
a response within 20 minutes
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of sending one of my followup emails.
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I will link that free download
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in the comments and in the description.
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Also, I love HR!
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Check out this neat pad
and this cool shirt.
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It has basically my
motto, "Love your work".
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And these were both gifted to me by SHRM,
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which is an exceptional human resources
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membership association that provides
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highly respected HR certifications.
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And so, I will link these
items in the description
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if you wanna check them out.
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SHRM has just been so amazing
sharing out my videos,
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being so supportive of this channel.
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So I just wanna say thank you to them.
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And I have mad respect.
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So, make sure you like this video,
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and subscribe to this channel.
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You've got this!
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Wifi high five!
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