Basics of Negotiating a Travel Contract Information is a negotiator’s most powerful tool Negotiation Flow Chart Topics 1 Introduction 2 Attitude 3 Preparation and Research 4 Negotiating 5 Wrapping it up Negotiation: Two basic styles Confrontational (win-lose). • Getting what you want from the agency - no matter what. Cooperative (win-win). • Joint problem solving to achieve results benefiting both parties. Topics 1 Introduction 2 Attitude 3 Preparation and Research 4 Negotiating 5 Wrapping it up Recognize your right to Negotiate You don’t have to accept an agency’s first offer. You are in charge of your career. Your skills are in demand. There are over 500 agencies! Until you agree to the contract, you’re just shopping around. It’s okay to think outside the box. Some agencies refuse to negotiate. Just pick a different agency. Topics 1 Introduction 2 Attitude 3 Preparation and Research 4 Negotiating 5 Wrapping it up Preparation Research includes talking to friends. Research includes brief communications with agencies. Understand The Pie Same size pie in another flavor Preparation, continued Gather your data. • Networking, contacts, friends. • Online forums (TNT rocks!). Make a list of what you expect. • Make a big list of what you’d like. • Make a smaller list of what you need. • Flexibility broadens your options. Become proficient with the travelers’ calculator. PanTravelers Calculator Pre-negotiation agency discussions Collect several offers by asking a at least two recruiters to send you an email with details of an offer. Just ask them to send their best offer in the email. Consider email only. Provide a pre-made professional profile. If an agency won’t talk turkey without filling out all their paperwork, say “no thanks”. Email is a Powerful Tool It’s fine to talk to a recruiter in on the phone, but get all actual offers sent by email. If necessary, turn off your phone! Insist that the recruiter provide sufficient detail to use the calculator throughout all discussions. Make them clarify. Topics 1 Introduction 2 Attitude 3 Preparation and Research 4 Negotiating 5 Wrapping it up Negotiation Set the ground rules: • • Inform your recruiter and agency right at the start that you are considering other assignments and other agencies. Mean it! Let them know that while you are interested in this assignment, reaching an agreement depends on the details. Let your recruiter know that you do have other options if this doesn’t work out. Negotiation, continued • Always have a Plan B. Without a Plan B, you do not have real negotiating power. The recruiter must believe that you want this assignment, but NEVER that you need it Negotiation, continued • Set a professional tone. Build rapport but do not try to make a friend. Neither should you be rude. Just realize feelings of friendship could influence your decisions. • Understand that this is business and the recruiter is a sales person. • Don’t put all your eggs in one basket: Negotiate at least one alternate contract simultaneously. Important! Plan B Negotiation, continued Pick your battles. Don’t try to negotiate every issue – pick what’s truly important to you. Make it reasonable. Negotiate to the bottom line (use the calculator!). You can re-slice the pie later. Don’t rush it - don’t be pressured. Take enough time between steps to crunch the numbers and understand the offer. Negotiation, continued Ask for what you want. • It's a time saver to simply tell the recruiter that you have these expectations and ask would she please determine if the agency can or cannot meet them. • This works best if you have inside information (a friend working an assignment at the same hospital). • Information is a negotiator’s most powerful tool. Negotiation, continued It’s ideal to have two agencies making offers on the same assignment. Don’t be confused by differing packages. Crunching the numbers is the only way to compare offers. Taking a stipend in lieu of housing greatly simplifies comparison. Negotiation, continued Question. What are some items you will negotiate? Finalizing the negotiation Is one offer clearly better? Decide on any further “bottom line” adjustments you want. Make a final offer with total conviction Say something like: “I like the sound of this assignment. I’ll agree to this assignment right now if you can get me another $2.00 an hour” Remember, you have other offers. Negotiation, continued Silence is a powerful tool. If the recruiter makes you an offer, or you have asked him/her to improve the offer, resist the temptation to speak. Just wait. A week if necessary! Move on if you can't close the deal. Despite your best efforts to reach an agreement, some deals are just not meant to be. By breaking off negotiations, you show the agency that you're serious. They may even make the final concessions necessary to close the deal. Focus on improving your Plan B offer and consider seeking others. Topics 1 Introduction 2 Attitude 3 Preparation and Research 4 Negotiating 5 Wrapping it up Finalize the deal, re-slice the pie. Ask for a detailed summary in an email. Add or subtract from categories of benefits. • Do you really need the rental car? The house wares package? 2 bedrooms? Silk potholders? Ask them to roll all bonuses into the wage. If you are taking a stipend, verify it is adequate for the location. The contract often contains surprises. Tell your recruiter the deal is not finalized until you review the written contract. Basics of Negotiating a Travel Contract Discussion
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