Seven Basic Salary Negotiation Tips
Money is the most sensitive issue in the whole hiring process. Discussing the compensation often causes anxiety on both employee and employer. Here are seven ways to make the process of salary negotiating efficient.
1) Research: Before the interview process begins, contact the professional organization that represents your field of career. As soon as they provide you with your salary information, you can now examine your monthly cash requirements. Remember that once your taxes are added to your paycheck, approximately 30% of your gross monthly salary is deducted.
2) Determine your skills: You should understand that different segments of the economy require a variety of skills depending on the industry setting. Once you have established what your skills are and what they are worth to the current employment market, you would know the limitations of your negotiation.
Salary range information is available at the American Almanac of Jobs and Salaries, National Association of College and Employers, Career Center, and professionals in your related field.
In stating your salary range, avoid basing your desired salary on your current salary. Always tell the truth when it comes to your past salary. It is acceptable to extend a range to approximately $6,000 to show that you are within the companys price range but interested in more compensation.
3) Weigh the companys compensation package: To determine your fair market value for a specific job, you should consider the economic, geographic, and industry factors of the job offer. Weigh the benefits of compensation and promotions, insurance, allowed time off, and retirement settlements of the offer to ensure a fair proposed salary.
4) Sell yourself: If you know what you could offer the company requires a larger income, never say it directly. Once you sell yourself discreetly, the interviewer would understand that the proposed salary is not appropriate for your background.
5) Have a positive attitude: In negotiating, never compete. Negotiation is basically a process that could benefit both parties. Understand your needs and those of the company.
6) The final offer: Be aware of when the negotiation is done. Pushing further when a deal has been set could give a negative first impression on your part.
7) Show what you are made of: The interview is only the first step in having enhanced compensation. Once you are hired, offer your skills to the company and prove your worth by doing quality work. You may even get a promotion for doing so.
Based on a survey conducted by the Society for Human Resource Management, four out of five employees are willing to negotiate compensation. Understanding these basic tips will allow you to enhance the terms of your new job.
Negotiation is the art of getting what you want while avoiding what you don’t. It’s an integral part of being an entrepreneur. Your negotiation skills will make or break your success in business. However, most people don’t know how to negotiate effectively. The following seven basic salary negotiation tips will help set you on a better path:
Negotiation is an important skill that can help you make more money. There are seven basic salary negotiation tips that can help you get more of what you want out of your job. These tips include: Knowing how much the employer is willing to pay; Knowing who pays the most; Knowing who you’re dealing with; Knowing your worth; Knowing how much you’re worth to the employer; Knowing when it’s appropriate to negotiate salary; Knowing when it’s appropriate to ask for more
Negotiation for a new job is a major life event. It can be stressful and nerve-wracking. However, with the right preparation and attitude, you can come out on top. This 7-step guide will help you negotiate for a higher salary with your current employer or a new employer. The tips provided will help you feel confident and prepared when negotiating for a higher salary.
Negotiation tactics can be the difference between getting what you want and getting nothing at all. Learn how to effectively negotiate your salary with your boss, co-workers, fellow employees, or clients. Seven basic salary negotiation tips will help you successfully negotiate for a higher salary or bonus based on a combination of skills and experience.