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What Color Is Your Parachute 2018 by Richard N. Bolles copy

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The Fifth Secret of Salary Negotiation<br />

Research the Range That the Employer Likely Has in Mind, and Then<br />

Define an Interrelated Range for <strong>Your</strong>self, Relative to the Employer’s<br />

Range<br />

Okay, I admit this is a bit sophisticated, and you may not have the stomach<br />

to do this much research. But you ought to at least know how this works.<br />

Just in case.<br />

It begins <strong>by</strong> defining your goal. <strong>What</strong> you want, in your research, is not<br />

just one salary figure. As you may recall, you want a range: a range<br />

defined <strong>by</strong> what’s the least the employer may offer you, and what’s the<br />

most the employer may be willing to pay to get you. In any organization<br />

that has more than five employees, that range is comparatively easy to<br />

figure out. It will be less than what the person who would be above you<br />

makes, and more than what the person who would be below you makes.<br />

Examples:<br />

One teensy-tiny little problem here: how do you find out the salary of<br />

those who would be above and below you? Well, first you have to find out<br />

their names or the names of their positions.<br />

If it is a small organization you are going after—one with fifty or fewer<br />

employees—finding out this information should be easy. Any employee<br />

who works there is likely to know the answer, and you can usually get in<br />

touch with one of those employees, or even an ex-employee, through your<br />

own personal “bridge-people”—people who know you and also know<br />

them. Since up to two-thirds of all new jobs are created <strong>by</strong> small<br />

companies of this size, that’s the kind of organization you are likely to be

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