The 7 Basic Salary Negotiation Tips You Must Know
In the hiring process, money is the most sensitive issue. Discussing compensation often causes anxiety on both employee and employer. Here are seven ways to make the process of salary negotiating efficient.
Research. You should contact the professional organization that represents your field of career before your job interview. You can get salary information from them, so you can examine your monthly cash requirements. You have to remember that there would be about 30% deduction from your grow monthly salary when the tax is included.
Know your skills. With all the different industries in the market, it's only right that each calls for a different set of skills. Once you know what your skills are and what they are worth to the employment market, you'll know the limitations of your negotiation.
Salary range information is available at American Almanac of Jobs and Salaries, National Association of College and Employers, Career Centre, and professionals in your related field.
When stating your salary range, you shouldn't base your desired salary on your current one. You have to be honest. Extending to about $6,000 will show that you do not exceed the company's price range but that you are interested in more compensation.
Think about the company's compensation offers. To know your fair market value for your job, you should consider the economic, geographic, and industry factors. So weigh the benefits of compensation, promotion, insurance, time-off, and retirement settlements.
Promote yourself. You shouldn't directly say that what you have is what the company needs to make a larger income. Once you sell yourself discreetly, the interviewer would understand that the proposed salary is not appropriate for your background.
Always have a positive attitude. In negotiating, never compete. Negotiation is basically a process which could benefit both parties. Know the needs of your self and the company.
The final offer. Be aware when the negotiation is done. Pushing further when a deal has been set could give a negative first impression on your part.
You should show them what you're made of. The interview is just the first step in an enhanced compensation. Once you are hired, offer your skills to the company and prove your worth by doing quality work. You might even get promoted by doing this.
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