Salary negotiation is one of the most important things to consider when you are applying for a job. The success of the talks will influence the amount of salary you deserve when working for the company. Thus, the rightest approach is needed to allow you to get your desired salary. To help you get the best deal, here are simple tips on how to negotiate the salary offer.
How do you prepare for a salary negotiation?
Before starting to negotiate with the employee-to-be, you need to prepare the following things:
• Build Your Case
In building your case, make sure that you prove your interviewer that you are worth investing in. You can do it by providing some specific examples of the value you have given to your company in your career.
• Face Potential Resistance
When preparing for a salary negotiation, you also need to face potential resistance during the process. In this way, make sure that you are ready yourself with typical questions such as “Why do you deserve this amount of salary” and so on.
• Strike a Balance
To prepare a negotiation to get your desired salary, keep in mind to strike a balance between flexible and firm. This is important since the negotiation will not run well if you refuse to say “yes” or give any ground to a minimal salary increase. So be ready to go back-and-forth during the negotiation process. This is also important to make sure that any compromise reached during the negotiation is acceptable.
How do you negotiate salary?
So, how to negotiate the salary offer to allow you to get the best deal? Here are the tips :
1. Have a Salary Range
Rather than a single figure, you need to have a salary range. Make sure to offer a salary range based on what other employers in the field are earning when pressing for your salary requirements.
2. Don’t Sell Yourself Too Short
Make sure to include benefits as part of the total compensation you require. For instance, if you are earning $120,000 per year with a 20% bonus, then you need to negotiate $124,000 plus benefits.
3. Practice Your Pitch
Practice your pitch to increase your confidence before starting the negotiation process. You need to know that many successful negotiations come from the feeling of comfort and confidence.
4. Avoid Accepting the First Offer
If you think that you need to evaluate the offer given, tell your employer. Schedule for the next meeting for your counteroffer and never accept the first offer.
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