JayJuanGee
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RE: Internship: How much should I be paid?
(03-11-2015 06:54 PM)Laurifer Wrote: Thanks guys. It will be an internship in the US.
I gave them my response before getting back to this thread.
I basically worded my response in that I am willing to be paid based on the amount of work I submit, but that it would also depend on my responsibilities, and that I am also open to what they have in mind.
I think that your response was really good because you need to seem enthusiastic about getting experience and exposure and keeping a positive attitude, but also allowing them to consider paying you in order that they can feel like they are NOT exploiting you.
In the end, you can focus on being positive, gaining experiences and having fun with the work that you will be doing. They probably realize that later if you find out that all interns are paid x, and you are paid x minus 2, then you will feel resentment about how they treated you. Accordingly, it is good if they insist on the topic to put it in their court and say things such as, I would like to be paid a fair amount that is in line with your past practice in how other interns are paid... something like that.
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| 03-12-2015 01:32 AM |
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The following 1 user Likes JayJuanGee's post:1 user Likes JayJuanGee's post
Laurifer
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polar
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RE: Internship: How much should I be paid?
Related stuff I have in my notes - from HRNasty, I believe - great no-nonsense blog on how recruiting works. Not all directly related (it's meant for full-time), but read between the lines and see what works.
Quote:My salary requirements can range from *pause for breath* A to B. The real question is - What have you budgeted for the position inclusive and exclusive of benefits?"
What have you historically paid all other people who hold this position? Once I receive your answer, then I will answer your question.
My research and experience tells me that a reasonable salary for this position would fall somewhere between £20,000 and £30,000. However, there are many things to consider, like the people I will be working with, career development and progression, and of course the job itself.”
“I understand you need to be sure my salary expectations fit within the range for this position but I am reluctant to focus on wage alone this stage - there are so many influential variables. I’m excited to find out more about this role and would happily discuss my expectations at interview.”
Here is an example of how we train people to negotiate. Candidate receives an offer of $54k. They follow up the next day and state they are very excited about the opportunity and look forward to joining the team. Then they say. "I have been interviewing with other companies, or researching other companies, and was looking at positions with a base salary of approximately $65k." "I understand you have a range for this position, but I wanted to see if there was some way we could compromise in the middle where it would still be beneficial to both of us.” The secret to why this approach works so well, is you put the person making the offer in a somewhat difficult position. You have not demanded more money, or refused the offer. You have stated you are excited about joining the company, but you have asked them to compromise. It is naturally very difficult for people to deny the option of a compromise. In most cases they will offer to look at the package again and see if there are any areas where they might be able to move. This is a great time to suggestion extra time off, or tuition reimbursement instead of an increase. Remember, companies pay taxes on payroll dollars. If you want an extra $10k, it will cost the company $11.5K (roughly) If you ask for $10K a year for your masters, you just saved them $1,500. Also, in salary positions, time off is a great negotiator. There is no real cost for most salary employees to be out of work for a week, because the work tends to be waiting for them when they return, and they have to work extra hours to make it up. Also, studies have shown the most productive day at work I typically the day before a vacation.
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(This post was last modified: 03-13-2015 01:50 PM by polar.)
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| 03-13-2015 01:49 PM |
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The following 2 users Like polar's post:2 users Like polar's post
Vacancier Permanent, Laurifer
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