The art of salary negotiation
Salary negotiations are the
trickiest part of the deal when you’re heading into
the dream job, or trying to be
properly paid for the job you have.
Your interview went well, and work
offer has come in. Exciting right?
Yes, except if the offer is lower
than you were seeking for. You'll definitely have some blended feelings:
from one perspective, you’re happy
and relieved that your job search is finished, on the other, you're endeavoring
to make sense of exactly how you can manage in the low salary (Actually : you can't).
So what do you do?
Make it a goal this year to earn
the salary you deserve. Instead of fearing salary negotiation, You can and
should negotiate for a better starting salary, and here’s how.
Do Your Research
even before you have a meeting, you
should to inquire about the organization and the sort of employment you've been
offer. Get a better understanding of typical responsibilities and tasks, as
well as an appropriate compensation package.
Avoid Accepting the First Offer
When negotiating a job offer,
don’t be quick to say “yes.” Instead, tell the employer you need more time to
think about the offer.
Getting an offer can be exciting,
particularly if you’ve been job hunting for awhile, yet that doesn't mean you need to act
immediately.
No matter how generous the offer
seems, ask for time to review it carefully. Then consider whether a counter
offer is appropriate.
Ask the employer if you can
provide a response within the next 24 to 48 hours. Amid this time, take a seat
with the Job offer and decide if it's a reasonable offer. After you've settled
on your choice, approach the business with your counteroffer and be prepared to
arrange a higher pay.
Keep Your Emotions in Check
Salary negotiation can put you
through an exciting ride of feelings. It can be scary, stressful, exciting, and
even frustrating and disappointing. Regardless of how challenging the salary
negotiation process becomes, make a point to keep a positive attitude and stay
professional.
Don’t Be The First To Share A
Number
The art of salary negotiation is
to wait for the employer to make their offer. Except if the business asks what
your normal compensation is, don't give a number until asked. The key is to be
patient and wait for the employer to exhibit what they believe is a reasonable
pay for your experience and abilities.
Know Your Strengths
If you’re going to negotiate,
prospective employers will want to know what sets you apart from everyone else
and why they should invest in you. Have talking points ready that illustrate
your strengths and differentiators. Make them clear and concise, and pick a
couple of strong examples to accompany them.
Get Everything on Paper
The golden rule: once you reach an
agreement, go through each point with the negotiator and get it in writing!
This will avoid any nasty surprises after you start your new job.
Salary negotiation is a challenging process
for many professionals, but it can be one of the most rewarding things you do
for your career. By following these rules of salary negotiation, hopefully
you’ll earn the salary you deserve.
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