Tips For Clinching Your Executive Reward
Executive Compensation is one of a necessary evil in your process of Executive Search in Germany. With such high stakes and so many pitfalls with lasting repercussions involved, it can be overwhelming for any candidate. As a Top 10 Headhunting Company in Germany, we have come up with certain tips that would help you prepare better and alleviate some of the stress. Tip 1 – Do your Research This is extremely important as overpricing yourself can make you lose the job and underpricing yourself would reduce your worth. It is important to understand the value of what you are planning to negotiate. Tip 2 – Your Value is Not Tied to Your Current Compensation Level You need to understand this very clearly. While your most recent compensation level supplies the key indicators of your experience level and skillset to the potential employers and search consultants, it should not be the sole focus of your compensation negotiations. Tip 3 - Executive Compensation Is Not Only About Salary Be cautious to keep other factors in mind such as other perks, your title, working hours, flexi-time, remote working, further education, vacation days, bonuses and relocation compensation. Tip 4 - Don’t Be The First One To Start The Negotiation Very often in negotiations the first person to initiate is the one who loses and salary negotiation is no different. To avoid such situation, you could either provide a very general range for yourself based on your research or ask them what the salary range for the role is. Tip 5 - Be Prepared for a Counter Offer If you are not satisfied with your initial offer, you always provide a counteroffer supported by proper reasoning and come up with a more appropriate figure.
★
★
★
★
★
110 views • 9 slides
