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by jonnathanson
4655 days ago
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A lot of good points, but this one I'm not sure I can agree with: "Back yourself into a coner - Nothing makes asking for more money easier than not having an alternative." Maybe that makes the conversation more urgent and steels your nerves. I could see how there'd be a psychological benefit there. But the best way to build leverage in a negotiation is to have a strong hand before starting the negotiation. This concept is known in behavioral sciences and business theory as BATNA ("best alternative to a negotiated agreement"). In layman's terms, it's your Plans B, C, D, etc. The stronger your backup options, the better your position in the discussion. This correlates with the market-based theory discussed in the article ("If you can find someone to pay you X, you're worth X"). You increase your chances of getting X if you can get Backup Y as close to X as possible. Glassdoor is extremely helpful for leveling a lot of the information asymmetries that push a money discussion in the employer's or client's favor. But Glassdoor isn't the same as leverage. Just because a typical Role X makes $Y doesn't mean you are entitled to that...unless you convince the market that you should be, i.e., by getting someone to give you that much (or more). |
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