035: Negotiating Salaries 101
10/07/15 • 45 min
Episode 35: Negotiating Salaries 101
Guest: Jim Hopkinson
Listen via iTunes
We’ve all felt like we’ve rocked an interview and then dreaded question comes up, and we freeze – “what is your current salary?” Or even worse, “what are your salary expectations for this position?” It’s common for us to hesitate in answering that awful question because on one hand we don’t want to throw out a number that is too high (and risk losing our chance at the position) and, on the other hand, we don’t want to lowball ourselves.
My guest this week is Jim Hopkinson, and he has come to our rescue! A speaker, writer, and teacher, he helps ambitious professionals overcome their fear of negotiating salary. Jim has helped a lot of people push past the discomfort of asking for what their worth, and his number one advice is research. Understanding what your worth is the key to being able to ask for more. One way to determine what the market value is for your position and experience is by visiting salary.com, payscale.com, and glassdoor.com. He also recommends talking to your internal network. Once you have all your research, you can put it into a report and provide it to the company looking to hire you or your current boss. The more research you do, the stronger your case.
This is only a teaser of the advice that Jim provides in this episode. One additional tip is if the company interviewing you asks what you’re making at your current job you should say, “Oh I’m sorry, my current employment contract doesn’t allow me to reveal that information. It’s private company information. What kind of range did you have in mind?”
If you want to learn more after this episode, visit salarytutor.com/fastclass for a 7-day free email class that will teach you how to negotiate your salary. If you liked this episode be sure to share it with those you think might find this valuable. Also, head over to iTunes and write a quick review if you liked what you heard. Lastly, thanks for listening!
Episode 35: Negotiating Salaries 101
Guest: Jim Hopkinson
Listen via iTunes
We’ve all felt like we’ve rocked an interview and then dreaded question comes up, and we freeze – “what is your current salary?” Or even worse, “what are your salary expectations for this position?” It’s common for us to hesitate in answering that awful question because on one hand we don’t want to throw out a number that is too high (and risk losing our chance at the position) and, on the other hand, we don’t want to lowball ourselves.
My guest this week is Jim Hopkinson, and he has come to our rescue! A speaker, writer, and teacher, he helps ambitious professionals overcome their fear of negotiating salary. Jim has helped a lot of people push past the discomfort of asking for what their worth, and his number one advice is research. Understanding what your worth is the key to being able to ask for more. One way to determine what the market value is for your position and experience is by visiting salary.com, payscale.com, and glassdoor.com. He also recommends talking to your internal network. Once you have all your research, you can put it into a report and provide it to the company looking to hire you or your current boss. The more research you do, the stronger your case.
This is only a teaser of the advice that Jim provides in this episode. One additional tip is if the company interviewing you asks what you’re making at your current job you should say, “Oh I’m sorry, my current employment contract doesn’t allow me to reveal that information. It’s private company information. What kind of range did you have in mind?”
If you want to learn more after this episode, visit salarytutor.com/fastclass for a 7-day free email class that will teach you how to negotiate your salary. If you liked this episode be sure to share it with those you think might find this valuable. Also, head over to iTunes and write a quick review if you liked what you heard. Lastly, thanks for listening!
Previous Episode
034: Funding Research for Change
WRW034: Funding Research for Change with Michelle Clayman
I can’t express how excited I am to share this week’s episode with you. My guest, Michelle Clayman is a CFA, Founder, Managing Partner and Chief Executive Officer of New Amsterdam Partners LLC, an institutional money management firm in New York. She has been published in the Financial Analysis Journal, the Journal of Investing and NYSSA Financial Professionals’ Post. She is also a frequent commentator on Bloomberg and other financial media.
Having gone to an all girl's school, Michelle was encouraged to set her aspirations high. She attended Oxford University and eventually attended the business school at Stanford University. She began her financial career with the Bank of America in London and eventually found her way to Wall Street. Through her experience, she found that there was a gap between quantitative research and money investment. Being bold, she decided to start her own business, along with several other partners and New Amsterdam Partners LLC was born.
Michelle is not only a successful women and entrepreneur – she is a philanthropist. Having been involved since 1993 in what is now known as The Clayman Institute for Gender Institute, Michelle first sat on the National Advisory Panel and seeing that there was a lack in resources, she worked hard to move them from “bake sale” fundraising to more sustainable funding sources. Eventually, the opportunity opened up for an endowment fund, and Michelle felt that it was the perfect fit for her. Today, the Institute is doing great work, with research even being referenced in the book Lean In: Women, Work, and the Will to Leadby Sheryl Sandberg.
If you’re interested in becoming involved in philanthropy, Michelle recommends thinking about causes that are important to you and then getting involved. Also, consider putting aside a certain amount of money for charitable giving. Whether it’s through volunteer hours or monetary donations, it’s about supporting those causes closest to you.
If you liked this episode, be sure to share it with your friends and colleagues. Also, visit iTunes and write us a quick review. Finally, thanks for listening!
Next Episode
036: Rocking An Interview
Episode 35: Rocking An Interview
Guest: Margot DeMore
Listen via iTunes
It’s officially fall and it is absolutely beautiful outside! I hope you’re enjoying the leaves, and all the pumpkin mania, as much as I am.
We’ve all been in a situation where we’ve had butterflies in our stomach when getting ready for an interview. The stress of preparing for the interview is only half the battle. This week, I had the pleasure of chatting with Margot DeMore, founding partner of Broad Street Consulting Group, a search firm specializing in retained executive search and consulting services for the traditional and alternative investment community and insurance industry. Her whole career has been playing matchmaker between companies and potential team members.
Margo lives and breathes interviews, and has some great tips and tricks to make sure we rock them. According to her, many of us are great at researching and understanding the organization when preparing for an interview, but tend to fall short on how to share our story in a way that highlights our strengths and attributes.
Margot recommends writing down all the adjectives that describe your strengths and think about how it fits with the position and organization you’re interviewing with. Next, brainstorm stories that highlight each adjective. The last step is to practice, practice, practice! Tell you stories to you partner, colleagues or even the mirror.
There are plenty of things that you can do to increase your chances of a successful interview. Be sure to check out Margo’s CHEAT SHEET for more tips. For more information on Margot, visit broadstreetconsulting.com, or find her on LinkedIn.
This is a great episode for everyone so be sure to share it with your friends, colleagues, college graduates, and even high school students. Also, head over to iTunes and write a quick review if you liked what you heard. Lastly, thanks for listening!
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