The document outlines a student's preparations for salary negotiations for an intern position at PwC in Vietnam, including researching average salaries, establishing a target salary range of 4-9 million VND based on experience and references, and developing an interest-focused negotiation strategy emphasizing skills and motivation to earn a higher than average salary of 10-25% above 4 million VND.
The document outlines a student's preparations for salary negotiations for an intern position at PwC in Vietnam, including researching average salaries, establishing a target salary range of 4-9 million VND based on experience and references, and developing an interest-focused negotiation strategy emphasizing skills and motivation to earn a higher than average salary of 10-25% above 4 million VND.
The document outlines a student's preparations for salary negotiations for an intern position at PwC in Vietnam, including researching average salaries, establishing a target salary range of 4-9 million VND based on experience and references, and developing an interest-focused negotiation strategy emphasizing skills and motivation to earn a higher than average salary of 10-25% above 4 million VND.
Early Week 4 Feedback Position: Intern, Learning and Development in PwC, Vietnam Preparing phase: - BATNA: If the offered salary does not align with my expectations, I will actively explore other job opportunities by applying to similar positions or continuing the job in my current company. - Target: 6 million VND for the intern position. - Starting point and resistance points: Based on data from Glassdoor, the average salary for an intern position is 4 million VND. However, through insights from an acquaintance who used to work at the company, it has been indicated that salaries can reach up to 6 million VND. Meanwhile, my current salary is 8 million VND. Consequently, my preferred objective ranges from 4 to 9 million VND, securing an acceptable wage of 6 million VND. - Other party's goal, interests, resistance points, and alternatives: PwC seeks highly qualified and willing-to-learn interns. Considering the intense competition associated with this esteemed organization and the strong demand from entry-level professionals, it may prove challenging to negotiate for a higher salary. - Nevertheless, given my previous experience in a similar position and comprehensive understanding of the role's responsibilities, it is possible to attain 10-25% higher than the average rate. Strategy: Interest-focused negotiations Tactics: - Conduct thorough salary research: While I have obtained some salary information from acquaintances, I recognize the importance of verifying the current salary range for my target position. Additionally, this data may not precisely match the offered position. Therefore, I need more accurate and up-to-date information. - Prepare thoughtful questions to leave a positive impression on the Hiring Manager and serve as a foundation for salary negotiations. For instance, what qualities and skills are you looking for in an intern position? - Reveal my current salary: Considering my prior experience in a similar role at a smaller company, my salary was relatively high (8 million VND per month). Then, sharing this information during negotiations would support my quest for a higher wage. - Practice my communication skills to exude confidence while emphasizing my abilities and strong motivation to contribute to a prominent organization like PwC. References: Glassdoor (2023) Intern Salaries in Ho Chi Minh, Vietnam, Glassdoor website, accessed 29 July 2023. https://www.glassdoor.sg/Salaries/ho-chi-minh-city-intern-salary- SRCH_IL.0,16_IM1746_KO17,23.htm#:~:text=The%20average%20salary%20for %20Intern,from%20%E2%82%AB400%2C000%20%2D%20%E2%82%AB400%2C000.