Last updated on May 12, 2024
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Assess Value
2
Research Norms
3
Prepare Points
4
Initiate Dialogue
5
Negotiate Tactfully
6
Follow Up
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Here’s what else to consider
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Navigating the world of internships can often feel like a one-way street, especially when it comes to contract terms. However, even as an intern, you have the power to negotiate. By understanding your value and the negotiation process, you can approach this conversation with confidence. Remember, the goal is to reach an agreement that benefits both you and the employer, establishing a foundation for a successful professional relationship.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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1 Assess Value
Before entering any negotiation, it's crucial to assess your value. Reflect on the skills and unique perspectives you bring to the table. As an intern, your fresh outlook, eagerness to learn, and potential to become a full-time asset can be leveraged. Highlighting your relevant coursework, projects, or volunteer work can demonstrate your preparedness and commitment. Understanding your worth not only bolsters your confidence but also helps you articulate why you deserve better terms.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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Prior to embarking on any negotiation, it's vital to evaluate your worth. Consider the skills and distinctive viewpoints you offer. As an intern, your fresh perspective, enthusiasm for learning, and potential as a future asset are assets to emphasize. Showcasing relevant coursework, projects, or volunteer experience can exhibit your readiness and dedication. Recognizing your value not only boosts confidence but also enables you to articulate why you merit improved terms.
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2 Research Norms
Doing your homework is essential. Research typical internship contracts in your industry to understand standard terms and benefits. Knowledge of what's typical can serve as a benchmark for your negotiations. If the internship offers unique opportunities or experiences that are not common elsewhere, factor that into your evaluation. Remember, information is power in negotiations, and being well-informed puts you in a stronger position to ask for what you want.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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Conducting thorough research is key. Explore typical internship agreements within your field to grasp standard terms and perks. Understanding industry norms provides a valuable reference point for your discussions. Additionally, consider any exceptional opportunities or experiences offered by the internship that set it apart. Remember, having knowledge is crucial in negotiations, empowering you to confidently pursue your objectives.
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3 Prepare Points
When preparing to negotiate, list the specific terms you want to discuss, such as stipends, work hours, or learning opportunities. Prioritize these points based on what's most important to you. Practice articulating your arguments clearly and concisely. This preparation will not only help you feel more confident but also show the employer that you are serious and have thought through your requests.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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Before entering negotiations, compile a list of specific terms to address, such as stipends, work hours, or learning prospects. Rank these aspects according to their significance to you. Hone your ability to express your points clearly and succinctly. This readiness will not only enhance your confidence but also demonstrate to the employer your seriousness and thoroughness in considering your demands.
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4 Initiate Dialogue
Initiating the conversation about contract terms can be intimidating, but approach it as a professional discussion. Choose the right time and setting to speak with your supervisor or HR representative. Express appreciation for the opportunity and then transition into discussing your contract. Be polite and professional, and remember that it's about finding a mutually beneficial arrangement.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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Broaching the topic of contract terms might feel daunting, but treat it as a professional exchange. Select an appropriate time and setting to engage with your supervisor or HR contact. Start by expressing gratitude for the opportunity before segueing into the contract discussion. Maintain a courteous and professional demeanor, keeping in mind that the goal is to reach a mutually advantageous agreement.
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5 Negotiate Tactfully
During the negotiation, remain calm and tactful. Listen to the employer's perspective and be prepared to offer compromises. For example, if they cannot offer a higher stipend, perhaps they can provide additional professional development opportunities. It's crucial to keep an open mind and be flexible while maintaining a clear view of your non-negotiables.
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- Sankalp Thakur Advocate | Contract Drafting and Reviewing|Corporate Litigation| HarvardX Law School
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Stay composed and diplomatic throughout the negotiation process. Pay attention to the employer's viewpoint and be ready to suggest compromises. For instance, if a higher stipend isn't feasible, consider proposing extra professional growth opportunities. It's essential to stay open-minded and adaptable while holding firm on your non-negotiables.
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6 Follow Up
After the negotiation meeting, send a follow-up email summarizing the discussed points and any agreements made. This ensures both parties are on the same page and provides a written record of the terms. If the negotiation did not go as hoped, reflect on the experience to identify areas for improvement and prepare for future negotiations.
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7 Here’s what else to consider
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Contract Negotiation
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