Ask the Expert
Career Corner
I work in management for a nonprofit, and am interested in a similar
job in the private sector. My potential new employers want to know
my current salary. Should I give it to them?
There's an old adage regarding salary negotiation that says "he
(or she) who states a number first, loses." That's particularly
true when you're underpaid--for whatever reason. If you allow your
new salary to be based on your current salary, you may be inadvertently
giving up thousands of dollars. So how do you avoid the question?
First, try to finesse the issue by stating that your requirements
are flexible and dependent upon the nature of the position. You
might choose to go further and say that you'd be happy to discuss
your salary in a personal interview. Avoid, at all costs, giving
a figure in a letter. You want your new employer to be excited
about you first, not hung up on whether they can afford you.
Second, do your homework and know your worth. Worth is based on
your years of relevant experience and salary typically paid for
the type of organization in which you intend to work. It's usually
expressed as a range, e.g., $45,000-$55,000. You can get an idea
of your worth through websites such as salary.com. Even better,
quiz friends who work in the industry. Armed with this information,
you can put your nonprofit salary in context. You'll also want
to know the value of your current benefits, such as health insurance
or retirement, which are often substantially greater in nonprofit
than for-profit organizations.
Most important, know that the "sweet spot" of salary
negotiation is when your new employer has offered you the job but
you haven't yet accepted. If you can get to that point without
having mentioned a number, you're golden!
--Sheila Curran
Curran is the Fannie Mitchell Executive Director of the Career
Center.
Send questions to career-alumni@studentaffairs.duke.edu.
The Career Center, in association with the Duke Alumni Association,
provides career advice to alumni.
Please contact racquel.williams@duke.edu if
you need assistance
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