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Negotiation Challenges and Objective Paper

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Negotiation Challenges and Objective Paper
The negotiation challenge I currently faced was my contract renewal last month. I am the youngest pharmacist in the hospital I am working in and I enjoy working there as I have a very good relationship with my colleagues and my boss, who was the obstetrician who helped deliver me to this world. Moreover, I live very close to the hospital, just one street away from it, so it would be ideal for me to continue my career at this hospital.
Things were all good until last month, which was the last month before my contract ended, I still had not been asked to negotiate the contract renewal and I started to feel unsettled. So I started to get my resume out to the market and got myself a job offer from another hospital, with a 50% increase in salary, though a lot far away from the hospital I was in. After getting this offer, I heard from my colleague who was in the management team of the pharmacy department that my boss was going to offer me a contract with 20% increase in salary. In no surprise, my boss invited me to have a meeting with him to talk about my contract renewal that day. Since I was at the stage of considering marriage with my girlfriend who had been with me for 6 years, I needed the money to buy a flat for us so my goal was to get a 50% increase in salary at the hospital I was working in.
After greeting and stating the purpose of this meeting was to negotiate the contract renewal, we discussed about how the hospital could help me and how my career could be built up in this hospital, and with all these benefits and bright future they could provide, they were generous to offer me a contract with 20% increase in salary. Instead of answering straight away, I started to tell him how I could help the hospital instead: I was graduated in Imperial College, which was famous for training students with excellent laboratory

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