Salary negotiation involves negotiating a new job offer with a potential employer to determine a market-friendly salary and benefits package. This is a recurring cycle throughout the entire career. That’s why salary negotiation tips are so important to run a successful career.
Salary negotiation tips | Salary negotiation | How to negotiate your salary | How to negotiate a job offer
You should know how valuable is your skills & experience according to the present job market, before negotiating with the employer.
Take the time to research on the salary comparison long before you start negotiating the salary. This way you will be ready to create a realistic and reasonable job offer.
In most cases, employees are reluctant to discuss pay for fear of discomfort. A survey by Salary.com once focused that,
Only 37% of people always discuss their salary, surprisingly 18% never. Worst of all, 44% of respondents claimed that they did not raise this issue during their performance review.
In the famous book, Women Don’t Ask, Linda Babcock revealed that,
Only 7% of girls negotiate their first salary compared to 57% of boys do so. Proven, who negotiate to get at least a 7% salary in internal promotion each year.
It is very important to understand that salary negotiation is a completely normal part of the employment process.
Also, getting the salary you deserve is a part of moving forward in your career.
Salary negotiation tips during the interview:
Now discuss some best ways to negotiate a salary that might help them who are currently planning to switch jobs.
Prepare yourself before interviewing:
Do research on how to negotiate salary. Indicate how much you want – but ask for more to discuss. Do, practice on your salary negotiation.
Sit down with someone you trust and share the experience. Record yourself so you can find your weak points.
The more you practice, the more you will feel prepared for the actual interview.
Offer range than a fixed number:
when you’re attending an interview don’t just give a number. Be sure you offer them a range.
This strategy will help you to negotiate and come to an agreement more easily.
When you provide a salary limit, the employer will try to make it less, so make sure that the minimum number you provide still seems fair to you.
Be patient & wait for an appropriate time:
When interviewing for a new position, try your best not to be compensated until the employer offers you one
Do not mention your current income or salary expectations on the interview board first. If you do, you provide an anchor for the negotiation that can only hurt you. Wait for the employer to mention the offer first.
If you are worried about being claimed or ungrateful, there is a very simple solution: be compassionate. Whatever the result will be, appreciate to understand, and thank them for the opportunity.
Be confident from start to end:
Keep your head up and smile as you enter. Be confident about your discussions & negotiations.
No matter how small the subject, it is very important to start things with positive intelligence.
Sometimes the company doesn’t pay your desired amount to ask for other compensations. For example, extra holidays, health insurance, office-from-home, transportation, etc.
Do not hesitate to ask things for alternatives. Sometimes, they added more values than a salary.
Don’t hurry, take your time:
If you have received the job offer, do not accept or reject it all of a sudden. Simply tell, “Give me time to think” can extend you the original offer.
Be steady & constant:
In many cases, the employer will refuse your first request for a higher offer. Don’t let it bother you. Rather make a gentle push back towards your proposed salary. Logically describe how the company would benefit from a little extra investment.
Express gratitude for calling you:
To reach the hiring stage of the recruitment process, you invest a lot of time and energy for interviewing. Similarly, the employer has invested it too.
So, you must recognize it and thank them for considering you for the opportunity. Be sure to specify the reasons why you are interested in this job.
Do the same even if you are rejected by them. Because it will create a positive impression on you. If there is an opportunity for you, they will meet you.
Don’t hesitate to walk away:
In some cases, an employer may not able to meet your salary expectations or provide valuable additional benefits. Maybe the employer pays a salary that is higher for them but lower than your request. In this case, you need to decide how valuable the job is to you.
In conclusion, negotiating salary an interview can be tough and nail-biting. But through successful negotiations, it sends at least two positive messages to the interview board.
The first one: you are planning to visit the company which is a good sign of a leader.
The second one: you are paying attention to the value of their work. your boss will respect that understanding and negotiation skills.