When returning to a previous employer, enhance your negotiation by highlighting evolved skills with concrete examples, researching market rates, leveraging insider knowledge, focusing on mutual benefits, avoiding assumptions, being transparent about expectations, discussing non-salary benefits, demonstrating commitment, practicing your pitch, and being ready to walk away if terms don't meet your expectations.
Negotiating Offers: How Should Returnees Approach It Post-Interview?
When returning to a previous employer, enhance your negotiation by highlighting evolved skills with concrete examples, researching market rates, leveraging insider knowledge, focusing on mutual benefits, avoiding assumptions, being transparent about expectations, discussing non-salary benefits, demonstrating commitment, practicing your pitch, and being ready to walk away if terms don't meet your expectations.
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Establishing Your Value
When returning to a previous employer, vividly highlight how your skills and experiences have evolved since you last worked there. Use concrete examples to demonstrate your enhanced value, ensuring your negotiation reflects the growth in your capabilities.
Market Research Is Key
Before entering negotiations, research the current market rate for your role, considering your experience and industry standards. This will give you a solid foundation to discuss salary and benefits confidently and realistically.
Leverage Your Insider Advantage
As a returnee, you have the advantage of knowing the company culture and processes. Use this insider knowledge to tailor your negotiation strategy, emphasizing how you can hit the ground running and contribute from day one.
Focus on Mutual Benefit
Approach the negotiation as a discussion on how both parties can benefit from your return. Highlight your eagerness to contribute to the company's success while also expressing your career goals and how the company can help you achieve them.
Dont Assume Automatic Preference
While you might have a history with the company, avoid assuming this will automatically work in your favor. Approach the negotiation process with humility and readiness to prove your worth all over again.
Be Transparent About Expectations
Clearly communicate your salary expectations and reasons for them. If you’re seeking better work-life balance, mention this early on. Transparency helps set clear expectations and reduces the chance of misunderstandings.
Prepare to Discuss Non-Salary Benefits
Remember that negotiation isn’t only about salary. Non-monetary benefits like flexible working hours, additional leave, or professional development opportunities can often provide substantial value.
Demonstrating Loyalty and Commitment
Use your negotiation to reassure the employer of your commitment to the company. Discuss your long-term career visions and how you see yourself evolving with the company, illustrating your return as a worthwhile investment.
Practicing Your Pitch
Before the negotiation, practice your pitch. This includes your reasons for wanting to return, your expectations, and how you can contribute to the company’s goals. Confidence in negotiation often comes from thorough preparation.
Be Prepared to Walk Away
Know your worth and be prepared to walk away if the offer doesn't meet your expectations or career goals. It’s essential to have a clear understanding of your minimum acceptable terms before entering negotiations.
What else to take into account
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