Wednesday, May 20, 2020
Salary Negotiation in Job Interview - 949 Words
Introduction In any negotiation process, there are always constraints involved and decision making process involves an analysis of the gains and tradeoffs one has to go through to reach the best optimal solution Decision making process is not just a psychological process as perceived by many but more of a game theory because both the bidder and the negotiator are faced by various constraints, which both have to develop a model with both constraints and targets and later iterate to obtain an optimum solution Here, again, BATNA (best alternative to a negotiated agreement) comes into play; both parties must go for a sacrifice. None gets exactly what he wants but goes for a better alternative. The opportunity cost of leaving the job must beâ⬠¦show more contentâ⬠¦This creates a dynamic whereby the party that supplies others with rewards obligates them to pay back in some way,as failure to do so creates an incentive for such a party to withhold such rewards and only supply them to individuals who will refund it for its troubles. Thus, we can observe that increasing oneââ¬â¢s potential to supply rewards to an interaction (i.e., improving oneââ¬â¢s contribution) can heighten an individual s power through increasing his level of benefits that can be obtained from the association. With the objective to the attainment goal, negotiators here are motivated to maximize their utility subject to constraints, which is accomplished through orienting instructions (e.g., maximize the points earned in the negotiated solution) and the rewards (e.g., payment will be based on the points earned in the negotiated solution.). As a consequence, the attainment goals, and the operators generating outcomes that tend to move towards the goal, have an influence on the search for solutions. However, this agreement goal may alter the search for solutions that occur within the fundamental problem space. More specifically, as solutions tend to unfold, they must incorporate aspects of search by the other parties--the duo mutually inform and also constrain oneShow MoreRelatedJob Description And Application Of Wehrman1343 Words à |à 6 PagesInterview I interviewed, Kathy Wehrman, for the final research project. (Wehrman K., personal communication, March 18, 2016) She is the Associate Assistant Director of Human Resources at Luxottica and has recently been promoted to this position in January of 2016. Wehrman has been in the workforce for nearly 17 years and has worked at Luxottica for 4 years. A job description of Wehrmanââ¬â¢s current position entails the responsibility of maintaining and enhancing the Luxotticaââ¬â¢s human resources programRead MoreJob Negotiation Dynamics Of A Recent Interview With Dell1404 Words à |à 6 Pagesof this paper is to focus on the job negotiation dynamics of a recent interview with Dell for a Support Services Global Product Manager position in Aliso Viejo. The initial interview took place via telephone with a follow-on (in person) interview scheduled in two weeks. This paper will address the preparatory steps taken with respect to the pre-job negotiation, job negotiation, and post-mortem job negotiation stages of the initial interview. Pre-job negotiation preparation consisted of an analysisRead MoreWhat Are The Strengths And Weakness Of The Approach Kumar1087 Words à |à 5 Pagesstarting salary? What recommendations would you make for how she could have done it differently? The strengths behind the approach Kumar took when negotiating a higher starting salary was performing secondary research. She went about this by getting advice from her parents and a professor from the Richard Ivey School of Business. By getting opinions and support from others she was not going into the negotiation blindly and was well prepared. Despite not having a lot of leverage in the negotiation, sheRead MoreYou Decide1023 Words à |à 5 PagesName __Randy Stonecrest_______________ Course Section __HR 599_________ Date ____April 9, 2012______ Scenario Summary: A supervisor in a large accounting firm is scheduled to interview a job candidate who comes highly recommended and has excellent qualifications. Jim has an accounting degree (bachelors) from a prestigious Ivy League school and has been working on his MBA by attending an online program for the last 18 months and is close to earning his degree. In addition he has been workingRead MoreLetter From American International Group, Inc.1439 Words à |à 6 PagesIntroduction I received my full-time job offer letter from American International Group, Inc. (AIG), the company where I interned from June 2015- August 2015, on September 23, 2015. I had already received a verbal offer on September 15, 2015. I was offered the role of Technology Analyst based in Houston with a base salary of $68,000, transition bonus of $2500 and other comprehensive benefits with a joining date of 25th July, 2016. I was given 14 days to accept this exploding offer; the deadline beingRead MoreTips For Negotiate Your Job Salary1319 Words à |à 6 PagesTips to Negotiate your Job Salary Whether you are looking for a promotion or starting a new job, salary negotiation provides one of the best routes to increase your pay package. Unfortunately many people do not think of negotiating because they feel uncomfortable or are outright scared. A study conducted by Salary.com, extricates the divide by revealing that a sizable 18% of people do not negotiate for pay. The same statistics indicate that a whopping 44% of people have never considered bringingRead MoreNegotiation Lecture : An Issue For Finding The Situation Where Mutual Acceptance Will Happen?900 Words à |à 4 PagesNegotiation lecture: When two or more people/parties having different needs and objectives involves in discussion of an issue for finding the situation where mutual acceptance will happen. This negotiation skill is very important in day to day interactions and transactions which are formal like negotiating conditions of sale, lease, delivery of service and different legal contracts. Through these negotiations there are better relationships. Through this future problems and conflicts are removed andRead MoreCase Study Week 2 - An Ethical Dilemma719 Words à |à 3 Pageslowest salary the company can pay a new research scientist is 135,000 per scientist. The business is not a well-known establishment within the state of South Dakota. A female scientist interviews for one of the vacant position, but supposedly does not possess ââ¬Å"fresh ideasâ⬠. Yet she is offered a job with a salary of $105,000, which is below the lowest salary the company predicted it would offer for the position. A short time later, a male candidate who was a recent college graduate interviews for theRead MoreWhy I Was Qualified For The Position855 Words à |à 4 Pagesgoing to asked. In my mind the entire purpose of the interview was to determine whether I was qualified for the position. I have come to understand that an interview is a two way discussion. When it comes time for the position and salary negotiations the steps I used to prepare are the same I would use to enter an agreement on the sale of a product or service; the difference here is that I am the product. To get started on my portion of the negotiation I listed out my best possible scenario was. For meRead MoreBatna Case Study1489 Words à |à 6 Pageslike to satisfy with your first job? List 5 in order of importance. Priority (Rank) Interest 1 Meeting Living Expenses (Food, Clothing and Shelter), Achieving Financial Leeway 2 Gaining Work Experience and a Masterââ¬â¢s Degree 3 Having Some Free Time 4 Having a Steady Job 5 Having Long-Term Insurance Benefits What issues are most important to you in your compensation package? List 5 in order of importance. Priority (Rank) Issues (for example, price) 1 Salary Bonus 2 Opportunity for Personal
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