Riding the Salary Rollercoaster: How Can a General Manager Secure a Sustainable Paycheck?
Let's be honest, salary negotiation can be as nerve-wracking as a first date (Only that you can't use the 'it's not you, it's me' line if you don't like the offer). And when it comes to the role of a general manager, the complexities multiply. So, as big as the title sounds, the paycheck might not always live up to it, making you feel like you're riding a rollercoaster. So, how can a general manager lock onto a sustainable earning? Let's talk about it!
Understanding Your Worth
First things first, recognize your own worth before you sign up for a hefty job (or before stooping for a lesser paycheck thinking it's a prank). Be aware of the market rates, the industry standards, and the company's scale. Bring in a dose of realistic expectations, and there you have your paycheck magic number. Realize that your paycheck is not a box of chocolates. You always know what you're gonna get.
Putting Negotiation Skills to Test
Time for another bitter truth (Promise this is the last one!). No matter how much your hiring team smiles, they're not going to hand over that paycheck of your dreams that easy. Time to bring your negotiation A-game! But fret not. You're a general manager. Negotiation is your second language. Use it well.
Are you Solid or Liquid?
What phase are you in as a general manager? (No, we're not talking about mid-life crisis.) If you're solid, you're experienced, wiser and valuable. If you're liquid, you're still growing, evolving and learning. Depending on your phase, your paycheck will follow suit. Just remember, wisdom usually pays off well (both financially and otherwise).
Anchor Point Effect
Congrats! You've made a leap in the dark and stated your pay expectation. Now, that will serve as an 'anchor' in your negotiation process. Use it well to swing the discussion in your favor. Or else, you might just feel like you've committed high treason to your own self.
Long Live the Benefits!
This is a nifty little trick. If you can't move the zeroes on your paycheck, aim for the benefits. More vacation days? Better health coverage? Flexible work hours? Bring them on! You'll thank us later.
Constant Upgradation
This is the age of upgradation. Apps do it. Operating systems do it. So, why shouldn't you? Stay updated with the latest industry trends and skills. Not only does it make you more valuable, it also gives a boost to your paycheck.
Parting words of wisdom? Remember, the paycheck is just a part of the game. It's the growth and the satisfaction that should be the endgame. Now, go, secure that paycheck! And yes, don't forget to thank us when the numbers add up.
