If you have seen movies such as "The Negotiator," "John Q." and "Inside Man," then you may be somewhat familiar with the duties of a negotiator which, principally, include ensuring that hostage situations are resolved peacefully. However, negotiators work in other industries, too. As such, their salaries may be reflective of the industry in which they work.
Hostage negotiators provide conflict resolution for kidnappings, extortions and suicide attempts. Typically, negotiators are hired by police departments and received specialized training in methods of evaluating and reporting. According to Simplyhired.com in May 2011, hostage negotiators earn $55,000 yearly. Hostage negotiators also work for federal justice agencies such as the FBI. According to the Bureau of Labor Statistics, the median salary for federal police personnel ranged between $73,000 and $90,000 as of May 2008.
In the financial industry, negotiators may work in loan or mortgage modification. Loan modification and mortgage modification negotiators help individuals maintain their homes against foreclosures and rising mortgage costs. The negotiators spend a large amount of time daily on the phone. Since loan modification and mortgage modification are aspects of the real estate industry, salary levels reflect numbers listed by the Bureau of Labor Statistics for real estate professionals. As of 2008, the bureau lists the average salary of real estate agents and brokers at approximately $40,000. Top earners earned a median salary of approximately $100,000.
In the House and the Senate, political negotiators attempt to get legislation passed and make deals related to bipartisan issues. They may also participate in resolving international conflicts. Most often, political negotiators are party leaders or ambassadors. According to the Congressional Institute, leaders in Congress as of May 2011 earn approximately $193,000 compared with the base salary of $174,000 for congressmen. U.S. ambassadors may earn between $130,000 and $160,000 yearly. They also have free housing and government-paid health and life insurance.
Insurance Claim Negotiators
Insurance claim negotiators attempt to resolve disputes about insurance costs, coverage and payouts. They work for policyholders, attempting to obtain favorable or better results for them against insurance company policies and practices. They represent individuals with residential, commercial and natural disaster claims. Frequently, these professionals are called claim assessors. The Bureau of Labor Statistics lists insurance negotiators and assessors under claims adjusters, appraisers and examiners. The median salary for this group is $56,000 annually as of May 2008. The lowest earners made less than $34,000 yearly while the highest earners made more than $84,000 yearly.
How to Negotiate
Many people hate negotiating, but with a few simple tactics, it can be rewarding and fun. The following steps relate mostly to...