The ability to negotiate for a compensation package that accurately reflects a new job or promotion is a skill like any other.
- Research similar positions at similar companies so that you understand the job market.
- Make it a habit never to accept the first figure offered.
- If you’re considering an offer for a new job, ask if there is a signing bonus. If the answer is no, request a performance review in six months.
- If they won’t budge on salary, ask about other forms of compensation including increased vacation time or work-from-home flexibility.