Here’s How to Counteroffer and Win When Negotiating Your Salary


Receiving a job offer is exciting, but it also leads to one of the more daunting parts of the hiring process: salary negotiations. If the initial number presented by the company doesn’t meet your needs, having a strategy for managing the counteroffer is essential. If you’re not sure where to begin, here’s a look at how to counter offer a salary and win.

How to Counteroffer a Salary and Win

1. Ask for Time

Before you respond to a salary offer, request a reasonable amount of time to consider it. Start by thanking the hiring manager for their consideration thus far, allowing you to start on a positive and gracious note. Then, ask if there is a deadline for a decision. In some cases, the hiring manager will let you know how long the company can wait. If they don’t have a set timeline, request two business days to respond.

Generally, two business days are enough to prepare a counteroffer. Plus, the request isn’t so long as to make it seem like you’re trying to string the company along.

If the hiring manager expects a decision in less time, that doesn’t mean you can’t make a strong counteroffer. However, anything less than 24 hours could indicate the business is trying to rush you, potentially making it harder to handle any research before beginning negotiations. While that’s not inherently a red flag, do make a note of whether the hiring manager is putting a lot of pressure on you and keep it in mind during future conversations.

2. Know Your Value

Figuring out a fair salary to present as a counteroffer generally requires some research. You’ll want to spend time learning about the average compensation for similar positions in your area. Additionally, you’ll need to factor in the value of the skills and experience you bring to the table.

Typically, you’ll want to use several resources to determine what pay rate is appropriate, as each one may be accessing data from different sources. Additionally, make sure your research is location specific, as compensation can vary from state to state or even city to city.

The goal here is to identify a figure that feels competitive to you but also leaves space for the company to counter your offer. Often, the easiest way is to identify a salary range that seems appropriate. Then, you can present a number that’s on the higher end, giving the company room to negotiate down while still remaining in your target range.

3. Examine the Offer

After finishing your research, take a close look at the initial job offer provided by the hiring manager. Along with the salary information, make sure to review the benefits, perks, and bonuses listed. In some cases, a lower pay rate is offset by benefits, perks, or bonus structures that exceed what’s found with competitors. As a result, you need to factor in the value of them when determining whether your potential salary counteroffer is fair.

Additionally, benefits and perks are points you can potentially negotiate, too. Knowing that option is available is helpful if a company doesn’t have much room to negotiate regarding pay rates but can make adjustments to other parts of the offer. For example, you may be able to request more paid time off in lieu of an increased salary.

Knowing that’s an option allows you to see where your counteroffer can potentially go if you encounter resistance during the discussion. That way, you don’t feel stuck either accepting the offer as-is or walking away. Instead, you can pivot, focusing on other points that provide you with value.

4. Prepare Several Paths

Once your research is complete and you’ve reviewed the benefits package, it’s time to prepare for several different paths. First, you’ll design your initial salary counteroffer, as that’s likely what you’ll present first. After that, consider other points you’d potentially negotiate and what you’d request, giving you additional pathways to a fair offer if a higher pay rate isn’t an option.

Essentially, this process is about being prepared for any response the hiring manager may give. That helps keep the conversation rolling while leaving you confident and collected along the way.

5. Present Facts

When you present your counteroffer, remain focused on the facts. After highlighting your ongoing interest in the role, tell the hiring manager the salary you think is fair and provide some details regarding why you came to that conclusion. For example, you can cite your salary research as the basis for your counteroffer.

The goal here is to ensure you’re backing up your requests with solid data. That not only helps you remove emotion from the equation, but it also makes your case more compelling overall. As a result, you may have a higher chance of getting a pay rate that leaves you satisfied.

6. Listen

After you present your initial counteroffer, it’s time to listen. How the hiring manager responds can help you determine where you may need to focus your energies next. Plus, using active listening skills ensures that you don’t miss a critical point.

Again, it’s critical to set emotions aside while the hiring manager speaks. By concentrating on the details they’re sharing, you’ll have a better chance of continuing the conversation in a positive manner.

7. Compromise

After the hiring manager shares their perspective, it’s time to find a compromise that leaves everyone feeling satisfied. For example, you can attempt to balance off a lower salary with improvements in the benefits package, as mentioned above. Just make sure that you remain fact-focused throughout, using data or highlighting your value to show why you’re making various requests.

Additionally, you want to listen carefully to any input from the hiring manager. Not only will that help you determine with points of the offer are negotiable and which aren’t, but it can also give you a lot of insights into the hiring manager’s mindset, the company’s culture, and more. At times, that information is incredibly revealing and may even show that a job you thought was a great fit isn’t necessarily the match it seemed to be on the surface.

8. Make a Decision

Once the negotiations show that there’s no more room for adjustment, it’s time to make a decision. Ideally, you’ll have found some middle ground between the initial offer and your first counter offer. If that’s the case, request the new offer in writing, and review it to ensure it matches what was covered in the discussion before signing.

If you and the hiring manager aren’t able to find a happy medium, then it’s time to determine if the job is genuinely right for you. In some cases, the negotiation process can reveal culture issues or other challenges that could make the position a poor fit. At times, it may simply demonstrate that the company either can’t afford reasonable compensation or isn’t willing to try. If that happens, then walking away may actually be a win, as it lets you focus your efforts on other opportunities that can pay you what you’re worth.

Do you have any other tips that can help someone figure out how to counter offer a salary successfully? Have you tried any of the recommended strategies above and want to tell others about your experience? Share your thoughts in the comments below.

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Market Mayhem: 15 Investment Ideas We’d Rather Forget


In the unpredictable world of investments, there are success stories that inspire, and then there are tales of market mayhem that haunt investors. As we traverse the financial landscape, certain investment ideas stand out not for their brilliance but for the lessons they impart. Here are 15 investment ideas that, in hindsight, we’d rather erase from our portfolios.

1. Crypto Confusion

Crypto Confusion

The allure of cryptocurrency had many investors diving headfirst into the market during its peak. Learn about the risks and regrets of those who underestimated the volatility of the crypto rollercoaster.

2. Penny Stock Pitfalls

Penny stocks promised big returns for a small investment, but many found themselves trapped in a web of deceit. Explore the cautionary tales of those who learned the hard way about the pitfalls of penny stocks.

3. Real Estate Roulette

Investing in real estate can be lucrative, but for some, it turned into a game of roulette. Uncover stories of investors who faced unexpected market downturns and the challenges of over-leveraging in the real estate market.

4. Tech Bubble Bust

The dot-com boom brought unprecedented enthusiasm for tech stocks, but the subsequent bust left portfolios in tatters. Delve into the stories of those who witnessed the rise and fall of the tech bubble.

5. Leverage Lament

Borrowing to invest can amplify gains, but it can also magnify losses. Learn about the experiences of investors who faced the consequences of excessive leverage and the margin calls that followed.

6. Day Trading Dilemmas

Day trading promises quick profits, but for many, it led to significant losses. Explore the challenges faced by day traders who grappled with market volatility and the emotional toll of constant decision-making.

7. Hot Stock Hype

FOMO (Fear of Missing Out) drove investors to chase hot stocks, often without proper research. Unearth stories of those who succumbed to hype, only to witness the rapid descent of once-soaring stocks.

8. Forex Fiasco

Foreign exchange trading captivated risk-takers, but the intricate world of forex proved treacherous. Follow the journeys of investors who navigated the complexities of currency trading, facing unexpected twists and turns.

9. Biotech Boom and Bust

Investing in biotech can be a gamble, with the potential for groundbreaking discoveries or catastrophic failures. Discover stories of investors who experienced the volatility of biotech stocks and the rollercoaster of clinical trial outcomes.

10. Oil Price Plunge

The energy sector’s vulnerability to oil price fluctuations caught some investors off guard. Examine the repercussions of investing in oil-related assets during periods of sharp price declines.

11. Gold Rush Regrets

The allure of gold as a safe haven led many to invest heavily, but not everyone struck gold. Learn about the challenges faced by investors who faced the downside of the gold rush.

12. Crisis Fund Conundrum

Investing emergency funds in high-risk assets seemed like a shortcut to wealth for some. Explore the tales of those who gambled with their safety nets and the consequences they faced during financial downturns.

13. Options Overload

Options trading offers flexibility, but it also introduces complex risks. Uncover stories of investors who grappled with the intricacies of options and the unforeseen challenges of managing derivative positions.

14. Hedge Fund Headaches

Entrusting funds to hedge funds promised sophisticated strategies, but not all were delivered. Delve into the experiences of investors who faced disappointments and losses within the realm of hedge fund investments.

15. Overlooking Diversification

Neglecting the importance of a diversified portfolio can lead to significant losses during market downturns. Explore stories of investors who learned the crucial lesson of spreading risk across various asset classes.

While the investment landscape is rife with opportunities, it’s equally fraught with pitfalls. These 15 investment ideas serve as cautionary tales, urging investors to approach the markets with a blend of prudence and strategic planning. As we reflect on these stories of market mayhem, let them be guideposts in our financial journeys, reminding us to embrace lessons from the past and make informed decisions in the ever-evolving world of investments.

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5 Alternatives to Buying A House


Many people dream of owning a home, but that doesn’t mean they can take the leap right now. Fortunately, there are other options that can give them the feeling of having their own place without the challenges that come with securing a mortgage and navigating the housing market. If you’re wondering whether you should consider buying a house now or wait, or if you’d like to learn about alternatives to buying a house, here’s what you need to know.

Should I Buy a House Now or Wait?

Many people wonder, “Should I buy a house now or wait?” Generally, that’s always a challenging question to answer, particularly in the current economy.

As of December 2023, mortgage interest rates are starting to trend downward. However, they’re still quite high – especially when compared to the pandemic-era rates – which may make now a less-than-ideal moment to hop into the housing market.

Still, if owning a home is your dream, getting your ducks in a row immediately instead of waiting isn’t a bad idea. For example, you can work on your down payment, something that’s easier with the higher interest rates currently popping up on high-yield savings accounts. Improving your credit always works in your favor, as that helps you secure a lower interest rate when you do apply for a mortgage.

Just keep in mind that there are some solid alternatives to homeownership out there, too. So, if now doesn’t feel like the right time, that’s okay. You can explore those other approaches instead.

5 Alternatives to Buying a House

1. Condos

If you want to own a property but aren’t sure if a house is the right choice for you, a condominium (or condo) could be a solid fit. Essentially, you’d end up an owner-occupier of an apartment, which gives you many rights similar to being a homeowner with some of the convenience that usually comes with renting.

Generally, condo owners have a significant amount of control over their units, but they share ownership of common areas. Generally, that means paying fees to a condo association, and in exchange for those funds, the condo association handles things like landscaping and amenity management.

2. Manufactured Homes

Manufactured homes aren’t what they used to be, so you can get something with style and livability with surprisingly good quality. Plus, you can explore a variety of sizes, ranging from something close to a traditional house to smaller options, including tiny homes.

If you go in this direction, you may still want to purchase land if you want a high degree of autonomy. However, you can also rent lots from property owners instead. Just be aware that renting a lot will have benefits and drawbacks, so make sure you’re comfortable before moving forward.

3. RVs, Fifth Wheels, or Trailers

If you like the idea of having your own space but don’t want to commit to a single location, you may find that living in an RV, fifth wheel, or trailer suits you. You can use it to explore the country or find a lot – either by purchasing land or renting a spot – to stay in place for a while. Plus, there are many styles and sizes available, allowing you to choose something that fits your budget.

4. Houseboats or Floating Homes

For anyone who wants to be close to the water, a houseboat or floating home could be a solid alternative to a more traditional house. You get your own space and can settle in at a local marina to have access to utilities. Plus, there are many sizes and styles out there, so it’s easy to find something that matches your taste.

5. Rentals

Ultimately, the classic alternative to buying a home is finding a rental. The benefit here is that you aren’t responsible for maintaining the structure, which is why it’s worth considering. Rentals are also available in a variety of sizes and styles. The main drawback is that you aren’t the owner and won’t build any type of equity. Additionally, prices can change with every lease renewal. Still, since you don’t own the home, you can also move on whenever the need arises, so keep that in mind.

Do you think now is an okay time to buy a house, or is waiting a smarter move for most people? Do you know of any other alternatives to buying a house that people should consider? Share your thoughts in the comments below.

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