Published by:
Harvard Business Publishing
Length: 4 pages
Share a link:
https://casecent.re/p/81604
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
In this interview, Mark Gordon, Director and Co-founder of the Boston-based negotiation consultancy Vantage Partners and senior adviser to the Harvard Negotiation Project, offers practical strategies for negotiating a starting salary or raise. Gordon has suggestions for making these negotiations win-win; for instance, by introducing the idea of incentive compensation as part of your salary package or being willing to accept noncash benefits or deferred compensation if your company has put a freeze on raises. Gordon also explains the importance of the BATNA, or best alternative to a negotiated agreement. Simply put, the BATNA is what determines how much leverage each party in a negotiation has. If your employer can easily replace you or assign your duties to others, you haven''t got much leverage in your negotiation for a raise. Conversely, if you have attractive job opportunities elsewhere or can afford a period of unemployment, you''ve got lots of leverage. Either way, your chances for a positive outcome increase substantially if you think through your strategy before you negotiate.
About
Abstract
In this interview, Mark Gordon, Director and Co-founder of the Boston-based negotiation consultancy Vantage Partners and senior adviser to the Harvard Negotiation Project, offers practical strategies for negotiating a starting salary or raise. Gordon has suggestions for making these negotiations win-win; for instance, by introducing the idea of incentive compensation as part of your salary package or being willing to accept noncash benefits or deferred compensation if your company has put a freeze on raises. Gordon also explains the importance of the BATNA, or best alternative to a negotiated agreement. Simply put, the BATNA is what determines how much leverage each party in a negotiation has. If your employer can easily replace you or assign your duties to others, you haven''t got much leverage in your negotiation for a raise. Conversely, if you have attractive job opportunities elsewhere or can afford a period of unemployment, you''ve got lots of leverage. Either way, your chances for a positive outcome increase substantially if you think through your strategy before you negotiate.