Negotiation best tip. Do you have HSA as part of your negotiation conversation?
If you don’t, you’re losing out on free money in your total compensation package (notice how I said “total compensation”, not “salary negotiation”). Special shout out to Ramit Sethi, once again, for sound and strategic financial advice. Why wouldn’t you want free money? The investment potential with HSA is huge. If you haven’t read Ramit’s book I Will Teach You To Be Rich – at least reference his chapter on HSA’s before you negotiate. I found it very insightful and wasn’t aware of how powerful these accounts can be.
I won’t steal his thunder on HSA’s, but some key tips to be a competitive negotiator. Negotiation best tips:
Negotiation Best Tip #1) Ask and you shall receive (seriously. If you don’t ask for it, they won’t consider giving it to you)
Negotiation Best Tip #2) Do you have a comprehensive list of all the perks and benefits that you should ask during negotiation? Do you understand all of them?
Negotiation Best Tip #3) Did you comprehensively address these perks and benefits with the hiring manager? Were you ready to counter if the response wasn’t to your liking?
Negotiation Best Tip #4) Did you have all the relevant information prior to going into your conversation? Do you fully understand the mechanics of these negotiation items?
Can you speak to all of this confidently?
If any of the above answers was “no”, or if overall you are not feeling confident to speak to this, it’s recommended to consider the importance of researching and having done homework ahead of time.
Remember: a less informed and less educated candidate = less results for you. Come in ready with the right information, targeted questions, and full understanding, and you’ll walk out confidently with a total compensation package better than what was offered.
And please – don’t ever just accept their offer. That’s what they’re banking on. Use this, and other negotiation best tips and you are on your way to being a competitive negotiator.