President & CEO
Lainie Bennett is President and CEO of Millennium Personnel Corp., an independently owned and operated boutique administrative employment agency.
Okay, you have finally found the right addition to your company staff. All that is left is to make it official. Simply sign the papers, iron out salary and benefits, and then celebrate the addition to the team. The only problem is, sometimes salary negotiations with future employees can be a very touch and go process.
Employers have to walk a very thin line between wanting to offer their employees the best in salary and benefits while saving money on salary without compromising the productivity of the employee and the company.
Salary negotiations should not be viewed as competition between the employee and the employer. Instead, it should be seen as a situation in which they both win. There are a few ways to come to a number that is satisfactory for both parties.
Firstly, be reasonable and do the proper reach to make a fair offer. There are many factors that organizations use to determine the salary an employee is offered.
Usually, a good place for an employer to begin is the salary history of the individual for hire. From the salary history, a proper estimate can be made as to how much money can be offered to an individual.
Though salary history is a helpful factor, there are other areas that might effect salary negotiations. This can be anything from the economic state of the market and industry to the specificity of skills needed to perform the job.
Job expectations are also extremely important when it comes to determining salary. It’s important that the employer clearly explains the expectations of the position. Job candidates can be satisfied with their salary and more comfortable in their work environment when they understand the job criteria and what’s expected of them. They are able to work harder and more efficiently.
Employees that are comfortable and happy in their work environment are more productive. They also become stronger assets to the company. In the same way, an employer will help to promote a work setting that increases workflow if he or she feels that the salary agreed upon matches the expectations for the job.
If you need advice about resume writing, temporary jobs, administrative assistant work, or permanent placement in New York City, please call us at 212-244-2777.