The Kubera Principle
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Podcast Summary
Welcome to “Salary Negotiations Made Simple.” In today’s episode, we’re diving into the topic of negotiation power and how it affects salary discussions. We’ll explore why having power in negotiations is important and why some people struggle with feeling powerless. But don’t worry, we’ve got practical solutions to help you overcome those challenges.
Negotiation power is all about being able to influence decisions and shape outcomes in your favor during salary negotiations. It’s crucial for advocating for your worth and getting the best possible agreement.
However, many individuals often feel they have low power when negotiating their salary, which can hinder their success. We’ve identified three common reasons for this: lack of confidence, fear of rejection, and being introverted.
We have strategies to help you overcome these challenges and regain your power in negotiations. Whether it’s boosting your confidence, conquering the fear of rejection, or leveraging your introverted strengths, we’ll guide you through it all!
Let’s dive in.
Links Mentioned
Salary research
https://h1bdata.info/
Free Salary Negotiations Training
https://www.dorothymashburn.com/fightforyourworth
Transcript
Power_in_Salary_Negotiations_Session_mixdown.mp3
Transcript
Hello I’m your host, Dorothy Mashburn, and welcome to salary negotiations made simple. Here I show you how negotiating does not have to be overwhelming. I break the entire process of negotiating into easy to learn steps that you can use in any salary negotiation situation. Whether you’re starting a new job. Or preparing to ask for a raise.
Expect to receive practical, actionable strategies that are based on real life experiences. I’ll be sharing tips that have been proven to work where professionals like you have netted $10,000 to $40,000 more in compensation. It’s payment for the skills you already, so you need to know how to ask for payment for those skills.
Are you ready to learn how to boost your earnings?
In today’s episode, we are going to cover power in negotiation. Why power is necessary to influence the outcome of a negotiation, why some negotiators suffer from low power syndrome, and what to do about it.
Power negotiation refers to the ability to influence decisions, shape outcomes. And assert one’s needs and interests, understanding and harnessing power is critical because it enables you to advocate for your worth and secure favorable agreements.
However, many people experience a sense of low power during negotiations, which can actually hurt their ability to achieve their desired outcomes.
Today we’ll explore three main reasons why people often feel they have low power. Those three reasons are lack of confidence, fear of rejection. And feeling undervalued because their intro. Started ready to get started. Let’s dive in first. Confidence, or lack thereof. A lack of confidence can diminish your sense of power and hinder your ability to assert your needs.
So if you feel a lack of power because you lack confidence, what can you do? Let’s explore some. Actionable steps to help you boost your confidence and therefore increase your negotiating power.
Strategy number one, identify limiting beliefs. Often a lack of confidence comes from self doubt and negative self talk. Start by becoming aware of this. Are you telling yourself that you do not deserve a higher salary? Are you thinking? Well, I’m not qualified enough. Once you identify these limiting beliefs, challenge them. Find evidence that proves your worth. Ask friends and family. Remember every single accomplishment or skill and the value you bring is a part of your worth. Replace those negative thoughts with positive. Affirmations, strategy.
#2 preparation. Yes, you will hear me say this over and over again, never weighing anything. The more prepared you are, the more confident you will feel. Take the time to research industry standards, salary ranges, and market trends. When you know you will feel powerful.
In fact, I have a great site. For you, for your rest. It’s called H1 bdata info and I will link it in the show notes. This is a website that indexes the labor condition application disclosure data from the United States Department of Labor prior to filling out an H1B petition, companies have to disclose this LCA labor. Condition application that discloses what they’re paying to certain salary ranges uses to your advantage. This is a fantastic data point to have in your tricks bag.
Strategy #3 focus on strengths and expertise. Recognize your unique strengths, skills, and expertise that set you apart in your field. In fact, take the time to write. Them all down. Fill up a whole page, focus on what you bring to the table, and then it becomes easier for you to project. Confidence and claim your power strategy for. Seek support and feedback. Sometimes lack of…
