negotiating multiple job offers

Posted

Congratulations! You received a second job offer within hours of the first and can use one for negotiating with the other before you have to make a final decision. Here are some guidelines on negotiating multiple job offers professionally and effectively.

Be Honest

As we all learned in kindergarten, never lie. In negotiating multiple job offers fabricating some portion of an offer or even a second offer itself, will catch up with you and will hurt your career. Someone will ask you detailed questions and if you have to make them up on the fly, you will get caught in the lie, and you will lose the offer.

Be Revealing

For some reason people think giving the details about another offer isn’t ethical or the right thing to do. Wrong! Giving exact details of a competing offer adds credibility to the fact of the other offer and to your value in the marketplace. It makes you seem more honest and more desirable and is the strongest method in effectively negotiating multiple job offers.

“Gives Me Pause”

Offer A is the right job with the right company with the right people. Offer B is more money or more benefits or both but you don’t like the job as well. Tell Company A every detail about Offer B except that you don’t like the job, company or people as well. This is not lying. This is withholding information. If Company A asks you how you feel about the job at Company B, tell the truth. You don’t like the job as well as Company A, but the compensation difference gives you pause. Use that exact term, “gives me pause.” Then stop talking until Company A says something. What you do next will depend on their response.

Be Prepared

This is the critical juncture in negotiating multiple job offers. You need a feel for whether your desired company can compete with the secondary offer. Don’t specify what you want, first see where they might have some flexibility. Often Company A will say, “Let me see what I can do,” or “We can’t do anything on the base, but maybe I can get you a signing bonus/different title/more vacation.” If they aren’t more specific, but seem open to discussion, be prepared to state what you would like to sweeten Offer A.

Your Negotiating Approach

Your approach will vary based on whether you really need something to take Offer A. If you plan on taking Offer A even if Company A doesn’t come back with anything, say, “Would it be possible to get the title upgraded from Senior Manager to Associate Director?” or “Is there room for $2000 more in the base salary.” Or “Could I get a six month raise review?”

If you really need something to take Offer A, whether you take Offer B or not, state your case matter-of-factly and in detail. “I think your company/job/people, are terrific and I’d love to come work there, but I’m seriously considering Offer B, too.” Then tell them what you need specifically to take Offer A.

Do Not Have Multiple Negotiating Conversations

Negotiating an offer should be one or two conversations at most. If Company A gives you what you want, you must immediately accept the offer. That’s why being prepared in negotiating multiple job offers is so important. Trying to negotiate for more in a second conversation will annoy your target company, definitely lose you some goodwill and might lose you the offer. If Company B is second choice and can’t do anything via the offer to get you to go there, don’t negotiate, just turn down the offer once you have resolved things with Company A.

Concerned about your skill in negotiating? Need some advice? Executive Recruiters at Smith Hanley Associates’ are skilled negotiators and have comprehensive knowledge about your niche. Give them a call!


Leave a Reply

Your email address will not be published. Required fields are marked *