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Research "salary negotiation" on the Internet. Find two tips for negotiating salaries that you think could help an HR professional be a more effective negotiator when negotiating salaries with new hires. Explain each tip, specifically including why you think it could be useful in the new-hire salary negotiation situation

Research "salary negotiation" on the Internet. Find two tips for negotiating salaries that you think could help an HR professional be a more effective negotiator when negotiating salaries with new hires. Explain each tip, specifically including why you think it could be useful in the new-hire salary negotiation situation

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Research "salary negotiation" on the Internet. Find two tips for negotiating salaries that you think could help an HR professional be a more effective negotiator when negotiating salaries with new hires. Explain each tip, specifically including why you think it could be useful in the new-hire salary negotiation situation.
Instructions: Chapter 5 covers Selection. The selection process is typically expensive. Our text notes, that, in 2011, the U.S. Department of Labor estimated the direct and indirect costs of a new hire could be as expensive as $40, 000. More recently, the U.S. Small Business Administration estimates the cost of a new hire to be between 1.25 and 1.4 times the salary of the position being hired for. So, for example, hiring costs for a position with a $50, 000 salary would run between $62, 500 to $70, 000. Whichever estimate is used, it generally costs substantial amounts of money to hire new employees. The selection process refers to the steps involved in choosing people who have the right qualifications to fill a current or future job opening. The five steps in the selection process are: (1) Criteria development, criteria are developed to determine how a person will be chosen to fill a job, (2) Application and resume review, often with the initial help of computer programs, (3) Interviewing prospective employees, (4) Test administration, if any, and finally, (5) Making the offer to the right candidate. Chapter 5 has sections for each of these steps. Please read Chapter 5 as preparation for this Project. Then, answer the Project Questions.
Transcribed Image Text:Instructions: Chapter 5 covers Selection. The selection process is typically expensive. Our text notes, that, in 2011, the U.S. Department of Labor estimated the direct and indirect costs of a new hire could be as expensive as $40, 000. More recently, the U.S. Small Business Administration estimates the cost of a new hire to be between 1.25 and 1.4 times the salary of the position being hired for. So, for example, hiring costs for a position with a $50, 000 salary would run between $62, 500 to $70, 000. Whichever estimate is used, it generally costs substantial amounts of money to hire new employees. The selection process refers to the steps involved in choosing people who have the right qualifications to fill a current or future job opening. The five steps in the selection process are: (1) Criteria development, criteria are developed to determine how a person will be chosen to fill a job, (2) Application and resume review, often with the initial help of computer programs, (3) Interviewing prospective employees, (4) Test administration, if any, and finally, (5) Making the offer to the right candidate. Chapter 5 has sections for each of these steps. Please read Chapter 5 as preparation for this Project. Then, answer the Project Questions.
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