Friday, May 8, 2020
Rousing Review Salary Tutor
Rousing Review Salary Tutor I met Jim Hopkinson at SXSW last March, with both of us speaking up during a workshop we attended, and then lingering post-workshop to meet/talk/connect with others. He told me about a book he wrote that was about to come out on the Kindle followed by the paperback a few months later called Salary Tutor. An entire book devoted to negotiations and how to get the most money for your position (without pulling it out of your butt), I recommended it to a client who was going for a final round of interviews and she gave it two thumbs up. With that positive review, I was excited to get my own copy and subsequently tore through it in just a few short subway rides. The biggest mind-blower? A 1% increase in salary at the start of your career (age 21) will lead to extra $1 million by the time you retire (age 65). If that doesnt show the importance of charging what youre worth no matter your age/position, I dont know what does! I knew that Jim and I absolutely speak the same language when he wrote that the balance of power shifts from me trying to get the job to them making sure they got me once the company expresses an interest in hiring him. I feel the same whenever I speak to prospective clients, as its not about making the sale as much as it is ensuring that they know what theyd be getting into should they decide to work with me. If youd allow me to go off on a tangent a bit, it absolutely leads itself to one of the lessons I learned as an actor which took me years to really sink in is that the Casting Director wants you to be right for the part just as much (or not more than!) as you wanna be right for the part. Thats not to say to give the HR/prospective client/Casting Director whatever they want (or what you think they want), but its about putting yourself out there as you and allowing them to see that its The Right Fit. Once theyre sure of your value, youll have the upper hand and will be able t o lead the negotiations. But Michelle, I hear you say/whine/cry, Im not aggressive. I hate negotiating! I never know what to say, and always worry that the offer will be rescinded if I dont just take what they offer. And to that I say, I hear you loud clear! And so did Jim. He not only gives you scripts so that you can know exactly what to say (and believe it, to boot!), but he shows you what you need to do to back it up, offering proof of not only the value of your work, but preparing An IRS (Industry Research of Salaries) Document to demonstrate it. Its not as scary as it sounds! In fact, its great for right-brainers, as its a visual representation of what youre asking for. Look: While the books a breeze to get through, you will have to put some time/energy/attention into the research part of things, as well as practicing the scripts and making your own IRS documents. Thankfully, Jims there with tons of tips, tricks and links to help you along, and Im positive that if you do what he says, youll be able to answer his two most important questions: (1) Was I prepared? and (2) Did I do everything I could? Oh! And for us freelancers/entrepreneurs, theres a whole section that speaks on increasing your client rate, finding the right projects, getting paid on time, and other goodness. It absolutely helped me re-evaluate what Im charging/offering, and also got my revved up to deal with the numbers in my business, which happens super rarely. Bottom Line: Do yourself a favor and pick up Salary Tutor. All you have to lose is, oh, $1m. P.S. If Jims name sounds familiar, it might be because you heard me pimpin out my appearance on The Hopkinson Report this spring. Jim and I spoke about The Creative Career Crisis, and we had much fun. P.P.S. Have any questions for Jim regarding any salary/pricing challenges youre having? Leave em in the comments I have a feeling I can strong-arm him into answering em!
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